Merging Your Finances When You Get Married - Finances - Married Fun!

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Merging Your Finances When You Get Married

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As a married couple, you are no longer an individual person: you are a team! Part of married life is learning how to merge your finances, since you are no longer living as a single individual. Although merging your finances can seem intimidating, once you know the basics regarding combining your finances once you’re married, it is a relatively simple process to understand. The following are some essential things to do when you want to merge your finances now that you are married.

How to Ease the Financial Merge Transition

It’s important to ease the transition into your financial merge as much as possible. The best way to do this is to go step by step with the following financial transition considerations.

Open a joint checking account

As a married couple, you will need a joint checking account that you both can access for things like bills, shared assets, and so on. To do this, you need to open a joint checking account under both your names. This can be easily done in person at your preferred financial institution.

Open a joint savings account

You will also need to open up a joint savings account as a married couple. This can typically be done at the same time as you open up your joint checking account. Again, make sure that the account is under both your names, and it can be opened at your preferred financial institution.

Close out old single accounts (optional)

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