Managing finances together can make your marriage stronger: A new study on how money affect your marriage
While money can't buy you love or happiness, it's way easier to build a happy life with your favorite person when you have them.
New research clearly shows that married couples who decide to manage their finances together tend to have stronger relationships and have fewer issues because of money.
Let's find out more!
A study on how managing finances saves or breaks the marriage
The study, which followed 230 engaged or newly married couples over 2 years, found that families who opened joint bank accounts reported better relationship quality compared to those who maintained personal separate accounts.
Joint accounts tend to promote greater financial goal alignment and transparency, fostering a communal understanding of marriage where people respond to each other's needs.
Conversely, couples with separate accounts often engage in tit-for-tat exchanges, viewing financial decisions as transactions.
This research highlights the benefits of merging finances for couples' long-term well-being.
The study also highlighted that merging finances might make it less likely for couples to separate, as those who didn't merge accounts had a higher percentage of separations.
