Finances

5 financial mistakes to avoid

For many couples, talking about finances makes them uneasy and often creates conflicts. However, it is important to sit down and have a conversation about it before you have children!

Having only a joint bank account

What a mistake! When one spouse makes a splurge on him or herself and takes the money from the joint account, the other spouse may find it superficial in regards to family expenses. However, if both spouses keep a personal bank account, they can splurge without having to justify themselves. The joint account should be used for rent, groceries, monthly bills, etc. The personal accounts should be used for personal needs.

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