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be confusing and vague. Despite these difficulties, remarriage can be successful if a little time is spent researching, discussing, and making decisions both partners can live by.
It’s important in a remarriage to be open with each other, especially when it comes to finances. There are several ways to approach the finances and each couple will have to decide what works best for them and which method both can accept. Those ways will be one or a com- bination of the following:
1. all accounts, including checking, savings, and investments, are joint accounts with both partners names on each one of them;
2. no accounts are joint accounts, they are all divided into his accounts and her accounts;
3. each partner has his and her own account plus they have a joint account.
Expenses that could be considered for a joint fund include:
• House payment/rent
• Utilities
• Family outings
• Groceries
• Auto expenses
• Doctor bills
• Emergency savings account
Expenses that could be allocated to separate accounts include:
• Alimony
• Child support
• His and her clothes
• Club memberships
• Defined personal expenses
Financial Decisions When Remarrying