In previous generations, when a couple got married, the likely next step was combining their finances into one joint account to create one pot of money from which to pay bills, manage the household, and to save and spend for goals.
In 2021, couples are doing things their own way. While many millennials are happy with the “all in” approach, more and more modern couples are choosing to keep all or part of their money separate.
Zeta examined data from over 20,000 couples to see how modern American couples are (and aren’t) merging their finances.
Here's what we found:
To break it down further:
Taking the leap to combine finances is a big leap. Here are some of the issues that came up when couples began their journey.
Fairness: Couples wanted to feel like each person was financially contributing to the relationship in a way that was deemed fair, according to the rules set out in that relationship.
Financial independence: Couples like the idea of streamlining their shared fixed finances and splitting bills but worry that they will lose their ability to spend and save as they choose.
Incompatible money management styles: Couples worry that merging finances if they have different money styles, such as if one is a saver while the other is a spender.
Ready to learn more about joint financial planning? Check out Zeta’s easy-to-follow Guide to Combining Finances
You can keep the honeymoon feeling going with a few adjustments to your financial lives. Many couples use joint bank accounts to help manage their finances.READ MORE
A newsletter designed to help
you achieve relationship goals.
A newsletter designed to help you achieve relationship goals.
To safely consume this site, we recommend reading this disclaimer. Any outbound links will take you away from Zeta, to external sites in the world wide web. Just so you know, Zeta doesn’t endorse any linked websites nor do we pay/bribe anyone to appear on here. Any reference to prices on the site are just estimates; actual prices are up to specific merchants and their current desire to charge you for things. Also, nothing on this website should be construed as investment advice. We’re here to share our favorite tools, tactics and tips for managing your money together. This content is for your responsible consumption. Please don’t see this as a recommendation to buy specific investments or go on a crypto-binge. Lastly, we 100% believe that personal finance is exactly that, personal. We may sometimes publish content on this website that has been created by affiliated or unaffiliated partners such as employees, advisors or writers. Unless we explicitly say so, these post do not necessarily represent the actual views or opinions of Zeta.
Zeta Help Inc. is a financial technology company, not a bank. Banking services provided by Piermont Bank; Member FDIC. All deposit accounts of the same ownership and/or vesting held at the issuing bank are combined and insured under an FDIC Certificate of $250,000 per depositor and up to $500,000. The Zeta Mastercard® Debit Card is issued by Piermont Bank, Member FDIC, and can be used everywhere Mastercard is accepted.
Zeta is a financial technology company, not a bank. Banking services provided by Piermont Bank; Member FDIC. All deposit accounts of the same ownership and/or vesting held at the issuing bank are combined and insured under an FDIC Certificate of $250,000 per depositor. The Zeta Mastercard® Debit Card is issued by Piermont Bank, Member FDIC, pursuant to license by Mastercard International Incorporated and can be used everywhere Mastercard is accepted.