There are many advantages to sharing an account with your partner. For one, it makes it much easier to pay joint bills - saving you the hassle of sending money to each other. It can also make it easier to keep track of your joint monthly spending.
On the other hand, some people prefer to keep their finances private. If this is you, you could consider having a joint account for your bills, but keeping your own account for personal spending.
Applying for a joint account with thinkmoney is easy. Just fill in our simple 2-step application form and one of our friendly advisers will give you a call to help you set up your account. There are no credit checks, so a bad credit rating shouldn't hold you back. You'll get a range of great benefits - including help with budgeting from our Money Managers, who automatically set aside money for bills when you get paid. What's more, you'll never pay expensive charges for missed or rejected payments - just a flat monthly fee.
Joint accounts: the advantages
If you're married, living with your partner, or in a relationship with someone you really trust, opening a joint account together could be a much more convenient approach to managing your money together.
For example, joint banking could make it easier to:
- Pay your joint bills
- Pay your rent/mortgage
- Budget for your food bills and other shared expenses.
Combining your money in this way could make things such as budgeting for regular costs, saving for the future (such as for a wedding, or a holiday) and any other financial commitments much more straightforward.
If you both pay in a set amount each month, it should also help to prevent arguments about money, as neither of you will be contributing more than the amount you've both agreed on - which could significantly reduce your chances of spending the night on the sofa!
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