Money and love. Such powerful subjects on their own; combined, they can be explosive. So, when it comes to love, money and relationships, aren’t couples who pool their finances just asking for trouble?
There are plenty of couples who insist that keeping their finances separate is a key to their happy relationship. Some of the benefits, they say, are:
- Each spouse gets some privacy and independence.
- There’s less reason for conflict.
- No one’s looking over your shoulder at your spending.
Most couples pool their money
All of that makes sense to me, so I was surprised to learn that most married couples in the United States do pool their finances. Still, that doesn’t mean that it makes them happier, does it?
“What has research turned up on the subject?” I wondered. I was in for another surprise: Research seems generally to show that pooling money in marriage makes a relationship more likely to last. Of course every relationship and circumstance is different, and there are good reasons why not every couple should pool their finances.
But, by and large, the jury seems to be in: Sharing is a good thing. Here’s what researchers and impassioned advocates have to say about pooling money in a marriage.