How should a married couple manage their finances together?

If you are getting married or even married, this is one of the most important topics any couple should talk about. For which, I am focusing one basic fundamental question – Where should married couples deposit their salary into?

Disclaimer: I certainly do not hold a degree or PhD in marriage, hence, this is entirely my personal opinion.

There are typically 3 types of setup a married couple can manage their finances. Each of these setups has its pros and cons and would do well depending on how the family is made up.

1) One person holds the Key to the finances. 

 

One person holds the majority of the finances in the household. Typically found in olden days where one of the parents is a sole breadwinner and gives allowance to the other party. In modern days, this could still …