Many young couples are choosing to keep their finances separate and not even operate a joint account to pay for a mortgage in both of their names. Most however, have three accounts - one joint account and two separate accounts.
A Relationships Australia survey found that financial difficulties were nominated as a cause of relationship problems by 40% of people across all income levels. Conflict over money was nominated as a major reason for separation on 35% of divorces.
So sharing savings – and particularly debt - isn’t a decision to take lightly.
