Living as a couple also means managing your wallet together. Here is our advice for healthy and peaceful account management.
Open a joint account
To facilitate the organization of the household, it is essential to open a joint account. This type of account is offered by all banks, and allows you to easily manage the couple’s expenses without having to make transfers in turn. Having a joint account is useful for transparently monitoring the state of the couple’s finances and encourages both spouses to get involved in its management.
Read > Camille’s budget, 35 years old: “All our expenses go through a joint account”
Set clear rules
Joint account holders are jointly liable for an overdraft. In other words, each is held liable for any payment incidents and debts accrued by the other. It is therefore best to discuss these issues beforehand, and to establish clear rules about what will be paid – or not – with the joint account.
To manage this account better, you can, for example, establish an amount beyond which it is necessary to obtain the other partner’s agreement before making the expense. And for any major expense (for example, a vacation or the purchase of furniture), it is better to discuss it together in advance and make a joint decision.
Avoid paying all your salary into the joint account
It may seem obvious, but it is worth remembering: you do not pay your entire salary directly into the joint account. It is better to keep your account…
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