Are you debating the endless question of merging finances after getting married?After all you've decided to spend your life together for better and for worse.
Should you merge or not? The answer to the question of marriage and finances is not so simple.
Because the best answer is: 'Do what works for you as an individual and a couple'.
Some people find it best to keep their accounts separate and make agreements on cost sharing.
Others pool everything into one pot and share everything equally.
Sit down, talk about it (ideally before you get married) and figure out where each of you stands.
It's important to reach an agreement though, if you have differing views of marriage finances.
To help you figure out what's best for you, here are some pros and cons of merging finances.
The rest is up to you to decide what will work for your individual circumstances.
Pros

• Simple to manage.
  
• Creates a sense of team work because it equalizes both parties - especially if one is bringing in significantly more than the other.
  
• Promotes a sense of unity and family.
  
• Builds trust - after all you wouldn't merge finances with someone you don't trust.
  

Cons

• Complications in case of divorce.
  
• Could create resentment if one is earning a lot more than other and is carrying more of the expenses in the budget.
  
• Loss of independence since you now have to account for every inflow and outflow from the joint account to the other person.