If you are married most of the time it is the best idea to have joint accounts so that both of you can pool your money so it is all in one place so you can pay bills and just keep better track of your finances.

If you both work you may even choose to each have a personal account and to have joint accounts. This way you can each have your own money for what you want to do and can combine enough money in the shared account to cover monthly expenses.

However you want to do it is completely up to you. The second scenario above will mean that more work is involved keeping all the accounts balanced and up to date but if you can make this work then more power to you.

You will both have more freedom when it comes to personal spending and this way you both will also be held more accountable if mistakes are made.

If you should happen to be one of those couples that fight a lot about money this may be the way for you to go.

Sharing accounts is the usual way that couples choose to manage their money, however.

Careful records need to be kept, though and you should both sit down at the end of the month to rectify any and all of your accounts to make sure that spending stays under control and bills are getting paid in a timely manner.

If one of you happens to be better at this than the other then they should be the one to teach the other how to be better at managing finances. Making up a monthly budget can be confusing if you have never done it but once you learn it will get better each time you do it.

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All that is required is to take all of your bills and write down the due dates. Then just plug those due dates in under each week you get paid and list out the amounts of each bill.

There are people who say you should always pay yourself first and then get everything paid but if you are just starting out you should make sure that everything is paid and you can keep up with groceries and gas. 

Then you can see what is left over if anything, and work your way into taking your allowances out for each of you each week or however frequently you get paid. 

You may even get so good at budgeting that you could budget out months in advance. Try to save some money along the way as well.

It is best to try to save as much as 3-6 months worth of income so you can handle any unforeseen circumstances that come along. This may be difficult to do, however, if you are living paycheck to paycheck and finding it hard to make ends meet. 

To have joint accounts is the best idea for most couples, it just makes handling and managing finances so much easier.

Keywords: Joint Accounts, Finances, Managing Money, Monthly Expenses, Personal Spending, Budgeting, Bills, Saving Money, Paycheck, Financial Accountability

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