Don't Rush To Combine Finances in a Relationship

There are plenty of valid reasons to combine finances.

It can make budgeting easier.

It can be part of the commitment that comes with a serious relationship.

But joining finances too soon can be problematic, too.

This isn’t to say you shouldnevercombine finances or that combining finances is a bad idea overall.

The point is, it’s not a decision to be made lightly.

Before jumping into it, check that you know your partner’s spending habits.

Ask them about their debt and credit history.

Come up with a thorough plan for budgeting, saving and paying off any debts.

Some argue that couples who don’t combine finances are doomed.

Don’t let this pressure you into sharing your financial life with someone before you’re ready.

If you’re not yet on the same financial page, it could make things worse.

For more relationship money mistakes, check out the full post at the link below.

7 Worst Money Mistakes People Make in the Name of Love| GOBankingRates

Photo byAshley MacKinnon MacKinnon.