Should You Have Joint Finances With Your Partner?

When you move in with a partner, how to manage your finances for household bills and spending money is a really important conversation to have, but it can be very difficult. Where do you stand on joint versus separate finances? Do you have one bank account where all your money goes in and out? Do you keep all of your dollars separate and transfer between you as and when needed? Or perhaps a combination of both? The Quicky speaks to two financial experts to consider what the options are, how they can impact your long term financial situation, and what happens if your relationship breaks down. If you're separating from a partner, MoneySmart has a checklist to help you organise your finances after a break-up. Subscribe to Mamamia GET IN TOUCH Feedback? We’re listening! Call the pod phone on 02 8999 9386 or email us at [email protected] CONTACT US Got a topic you'd like us to cover? Send us an email at [email protected] CREDITS Host: Claire Murphy With thanks to: Laura Higgins - Senior Executive Leader, Consumer Insights and Communications at the Australian Securities and Investments Commission (ASIC), and oversees the Moneysmart platform Moo Baulch - Strategic advisor on the development of Next Chapter , Commbank's financial abuse program, and Director of Primary Prevention at the Women's & Girls'​ Emergency Centre Outlouders - Thank you to everyone who shared their thoughts on joint versus separate finances for this episode Producer: Claire Murphy Executive Producer: Siobhán Moran-McFarlane Audio Producer: Jacob Round Subscribe to The Quicky at... https://mamamia.com.au/the-quicky/ Mamamia acknowledges the Traditional Owners of the Land we have recorded this podcast on, the Gadigal people of the Eora Nation. We pay our respects to their Elders past and present, and extend that respect to all Aboriginal and Torres Strait Islander cultures. Just by reading our articles or listening to our podcasts, you’re helping to fund girls in schools in some of the most disadvantaged countries in the world - through our partnership with Room to Read. We’re currently funding 300 girls in school every day and our aim is to get to 1,000. Find out more about Mamamia at mamamia.com.au Become a Mamamia subscriber: https://www.mamamia.com.au/subscribe See omnystudio.com/listener for privacy information.