My personal opinion is that all couples should discuss to decide on the allocation of expenses after marriage, and this could be very different depending on each couples financial situation and life stages. There is no need for joint accounts specifically for special expenditures; maximising interest returns is more important.
For me, im the higher income earner comparing to my wife. Thus below serves only as a sample on how expenses are shared between us:
Wedding Related (50/50)
Housing Mortgage (60/40)
House Renovation (50/50)
Pregnancy Expenses (100/0) partially offset by government cash bonuses
CDA (50/50) meant for childcare and medical expenses
My personal opinion is that all couples should discuss to decide on the allocation of expenses after marriage, and this could be very different depending on each couples financial situation and life stages. There is no need for joint accounts specifically for special expenditures; maximising interest returns is more important.
For me, im the higher income earner comparing to my wife. Thus below serves only as a sample on how expenses are shared between us:
Wedding Related (50/50)
Housing Mortgage (60/40)
House Renovation (50/50)
Pregnancy Expenses (100/0) partially offset by government cash bonuses
CDA (50/50) meant for childcare and medical expenses
Utility Bills (100/0) includes electric, water, gas, broadband/LAN lines, sncc, property tax, netflix
Mobile Bills (50/50) pays for your own
Groceries and Food (70/30) split based on card/cash spending
Car Loan incl. COE (50/50)
Car Petrol (100/0)
Car Servicing, Insurance, Road Tax, Parking (100/0)