Standard Bank Blog

If you are newly married, or planning on getting married soon, be sure to allocate time to consider some of the financial aspects of marriage.  Marriage will change how you handle your finances and it can also be the source of anguish in a marriage.  After you are married, you and your spouse will be financially responsible for each other, and to each other.  This responsibility includes legal things like being liable for joint debts and filing a joint income tax return and physical things like putting food on the table and paying the rent. 

You just got married and reality is setting in…  Everything is now "our" everything!  It is time to decide where the money is going to live and in how many accounts and who has access to what.  What is the answer to all this?  To find out you have to sit down and have a long chat where you lay everything on the table.  Once you both have a good grasp of the financial situation, which might take more than one chat, it is time to pick a strategy and there are plenty available: