Whether you’re just moving in together or getting married (or have just gotten used to keeping things separate), you may have a lot of questions when it comes to merging your money.
Here are some common concerns and how to address them:
You can stop asking each other “did you pay that bill?” You can literally automate your rent or mortgage payments from your shared account and not have to worry about it. It’s also great for budgeting. You can get a clearer understanding of what you’re spending on groceries or subscriptions each month. A joint account can streamline your finances and clarify what you're spending on.
It’s a misconception that both members of the relationship have to go “all in.” With a joint account, you can merge some or all of your finances while maintaining financial independence by keeping your own separate savings accounts. You can create a plan where you pay some of your bills from your joint account but make sure you have enough in your personal accounts to buy and pay for what you want to spend on.
Ask yourself this question–is the system you’re currently using causing you to do more work? It may seem fairly low-effort to ping-pong money back and forth for various bills and payments but honestly, your time can be better spent being lazy together and having automation take care of your shared bills.
You and your partner both own the money in your account and have equal access to it. Either one can contribute to it or close the account. The protection of your money and your data is one of Zeta’s core tenets. We have automated systems and manual checks in place to safeguard you, your partner, and your money.
Let’s face it, switching banks is a pain. With Zeta Joint Cards, you can open up a joint account and transfer money to and from your individual banks, no problem.
You can definitely maintain financial independence with a joint account. You and your partner can allocate money for your shared expenses (rent, mortgage, groceries) while keeping money in your own accounts so you can spend as you please. There’s a “yours/mine/ours" approach for every couple.
Talking to your significant other other about your finances can be really hard. But now’s as good a time as any to ask yourself why it freaks you so much. We recommend sitting down with your partner and playing our 20 Questions game to uncover your money story and understand all the things that are holding you back and what goals you want to achieve.
Want to learn more about combining your finances? Keep it simple and check out Zeta’s Guide to Combining Finances.
Here are five savings strategies that are easy, immediate and come highly recommended by other couples.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.
The Zeta Joint Card and Joint Account is offered by LendingClub Bank, N.A., Member FDIC. Zeta Help Inc. is a service provider of the issuing bank. All deposit accounts of the same ownership and/or vesting held at the issuing bank are combined and insured under an FDIC Certificate, up to $500,000. The Zeta Joint Debit Card, provided by MasterCard, may be used everywhere where MasterCard Debit Cards are accepted.