Even before the couple takes the plunge, the issue of how to handle money should already be discussed. For a couple who both work, how much of their income goes into their joint account and how much can be used for discretionary spending should be considered. Here are the options:
- Couples have their own personal bank accounts aside from the joint bank account which they contribute to. How much is contributed depends on your prior agreement.
- Couples pool their money together and just get a certain amount of allowance periodically for their personal spending.
For a one-income couple or family, the money obviously comes from only one source. How to spend that income is something that must be settled even before the wedding itself.