Should You Have Joint Finances With Your Partner?

When you move in with a partner, how to manage your finances for household bills and spending money is a really important conversation to have, but it can be very difficult.

Where do you stand on joint versus separate finances? Do you have one bank account where all your money goes in and out? Do you keep all of your dollars separate and transfer between you as and when needed? Or perhaps a combination of both?

The Quicky speaks to two financial experts to consider what the options are, how they can impact your long term financial situation, and what happens if your relationship breaks down.

If you're separating from a partner, MoneySmart has a checklist to help you organise your finances after a break-up.

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CREDITS

Host: Claire Murphy

With thanks to:

Laura Higgins - Senior Executive Leader, Consumer Insights and Communications at the Australian Securities and Investments Commission (ASIC), and oversees the Moneysmart platform

Moo Baulch - Strategic advisor on the development of Next Chapter, Commbank's financial abuse program, and Director of Primary Prevention at the Women's & Girls'​ Emergency Centre

Outlouders - Thank you to everyone who shared their thoughts on joint versus separate finances for this episode

Producer: Claire Murphy

Executive Producer: Siobhán Moran-McFarlane

Audio Producer: Jacob Round

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