“I’m a money expert – I don’t combine my finances with my partner for three reasons”

A woman has revealed why she refuses to combine her finances with her partner’s. Money expert and TikToker Beth, known as @budgetjonesdiary_, shared three reasons why she decided not to merge her finances with her partner’s.

Beth is an expert accountant who aims to help people save money and “get out of debt”. Previously, she shared everything from a simple payday routine that makes saving money easier to a list of the different problems she’s tried over the years.

In a recent post, Beth explained how her finances work alongside her partner’s and why they decided not to combine them. The vibrant post laid out the three reasons in simple terms; inclusive:.

No desire to

The post read: “There is no need to do this at this time. We contribute equally to the bills and common goals, while remaining independent people and having our own savings.”

Horror stories

Beth added: “Who knows what the future holds. Adding money to the mix just makes the split more complicated (should the worst happen!)”.

Varied income

Finally, the post read: “We have different incomes and want to avoid the ‘I contributed more’ mentality. We also don’t want to start or feel the need to justify personal expenses.”

In a footnote, she added: “Personal finances are personal. These are our thoughts on them and it’s what works for us, but you may disagree and do it completely differently… and that’s okay.”

In her caption, Beth went into more detail about how finances are handled in her household. She said, “How are the finances in your household?”

“For us: we split all ‘split’ expenses 50/50 (mortgage, bills, household items, practical), we also contribute to joint goals (like house deposit, decorating expenses), we pay our own expenses separately (hobby s, phone bill, fun money) and save and invest separately… and that’s what works for us.”

She added: “For context, we are a dual income household with no children. We are pretty independent people and our work has always been, as long as we contribute equally to common goals, then the other can do what the hell. as with their remaining money”.

“It’s important to determine what works best for YOU and YOUR relationship because everyone will be different. We have our reasons for not wanting to combine finances, and you may have your reasons why you would always combine them. That’s the beauty of personal finance.”

“I don’t believe there is any ‘right’ way or one size fits all. But this is one of those subjects that is quite interesting to talk about.”