Op-ed: My bank, their bank or our bank

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Op-ed: My bank, their bank or our bank
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One of the most important conversations newlyweds need to have is figuring out how and who will pay the bills. That goal can be reached in so many ways.

One of the most important conversations newlyweds will need to have is figuring out how and who will pay the bills.

No one way is the right way, and we will explore some of the more popular ways we have seen this accomplished. Some couples would rather not combine their finances in the way previously described, and would prefer keeping things more separated. Usually, one member of the couple would take the lead to make sure the bills are paid and other times we see them divide this responsibility. This provides each person the ability to maintain their own accounts while giving the couple transparency around the household bills and what it costs to run it monthly.Bills and paying them are a necessary evil for any couple and how it gets done can be quite different from one household to another.

Paying the bills on time will save you the nuisance of paying interest and late fees, which could add strain to your relationship. Another major benefit is to make sure your individual and credit as a couple is maintained or increased to the highest score possible.

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