Actually, getting married is only the beginning of building your life together. And one of the most important parts of starting your marriage is learning how to handle your finances, and work together on how best to manage your money.
Better Credit ScoresWhile combining your accounts does not directly affect your individual credit score, it can help you gain access to better joint rates and higher loan amounts once your assets are combined.
Once your accounts are combined, you will both have eyes on each other’s spending. While this can have some good benefits, it can also feel like you are losing some of your independence.
Combining your financial accounts doesn’t impact your individual credit score, but can lower your access to financial products such as loans and credit cards, if you apply jointly and one spouse has a much lower score or higher debt balances.