Of course, it all really depends on how you handle negotiations. You have to communicate and have an understanding. Even if you don’t get what you want, you want to find areas of compromise.
Meanwhile, today you have a lot of couples coming together after they’ve already lived a little and gained some assets. My favorite way to handle that is to have money that’s “his, hers and theirs.” That means you have one central household account that each person funds every pay period or every month to pay basic household expenses. Then you also each have your own money to spend how you wish on everyday stuff.
Another approach might be to set a floor limit of spending so you can each have discretionary money.
Consumer expert Clark Howard's column appears here each Thursday in conjunction with Deal Spotter, a weekly print section in The Atlanta Journal-Constitution. Find more answers to your consumer questions at Clark's website. And get more savings tips from Clark's previous blog posts.
-- Clark Howard -- Save More, Spend Less, Avoid Rip-offs -- for the Atlanta Bargain Hunter blog
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