Skip to main content Skip to main navigation
Skip to access and inclusion page Skip to search input

Married life

Whether you’re moving in together for the first time or you’ve been living as a couple already, “married life” can come with a different way of looking at things – especially around decisions to share finances and set shared financial goals.

Married couple finances

We can help you set up your finances with your short and long-term goals in mind, taking some of the hassle out of running a household, as well as helping you budget and save for bigger things.

Some of those big-ticket items could include a delayed honeymoon or further travel together, saving for a home deposit, getting a mortgage, and expanding your family.

How do married couples split finances

One of the big decisions to make is around how to run your household and manage personal finances, for example, how you might split or jointly pay for bills.

Split the bills

Work out how you’ll split the bills before they start coming in. Try our comprehensive budget planner to start tracking what your and your partner’s money is doing. A budget helps you get all your outgoings – the bills you’re paying and the spending you’re doing - in one pile and all your incomings - the money you have coming in – in another pile. Once you know what you’re spending and saving you can decide how household expenses including bills can be paid. Perhaps, you split the bills down the middle or decide to pay them proportionally if, for example, one of you earns more than the other.

Joint account

The option of having a joint account, while retaining your independent accounts for personal spending, is another strategy.

You may want to merge everything into one account and manage your money together in one spot. Choosing to merge your accounts reduces how many accounts you have which can cut account-keeping fees.

A joint account can streamline your household running costs by allowing you to have one area into which you can both put an agreed amount. This account is then used to pay bills and cover household expenditure which could include buying the groceries.

A joint account is a bank account with two account holders. Joint accounts are often used by couples to combine some or all their finances to help manage household expenses, including mortgages, and to save together.

Whatever you decide, it’s important to talk about how you can retain your financial independence while working together.

Shared benefits

Adding an additional cardholder to your credit card is a way to share the benefits and convenience of your credit card with someone else, without having to open a new credit card account.

A shared credit card allows you both to share the one credit card account and be able to use your card in different places at the same time.

You can use the card as a method of paying bills and meet the repayments at the end of the month, together.

It’s important to remember that the credit card debt belongs to the primary card holder.

Saving for your big-ticket items

The first step is to decide on your goals together and think how you can meet them financially. You might decide to save for a home deposit or plan for having a family.

A household budget will help show you where you are spending and where you could save. It can provide a clear picture of your income and outgoings and what you can put away toward shared savings goals.


The information above is general in nature. Always seek professional assistance to assure that your decisions are appropriate to your personal circumstances and objectives.