Merge everything into one joint account
This approach basically has the incomes go into the joint account that pays for everything. It is the easiest in terms of transparency and day to day management of the finances. I find that when couples go with this route they feel it is easier to see all the day to day transactions and plan the best way to allocate the money into their various savings goals.
Whatever approach you choose is up to you as a couple to decide. It is best to go with a strategy that you both can commit to, and don't be afraid to switch if you find one works better for you down the road. The key is to talk often and openly about your money, and how you can both help each other evolve on your financial journey.
Keep in mind that with all these approaches, you will still need to have your own 401(k), IRA or insurance policies. The advice above applies to the day to day checking and savings accounts of couples.
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