Managing your finances and planning
your life together is rarely as simple as pooling everything you earn
and dividing up bills. Sorting out 'my' money from 'our' money is a
common issue for couples. And then there is the matter of ensuring you
receive all that you are entitled to, whether you are together or end
up living apart.
Your financial situation as a couple
will be different according to whether you are married, civil partnered or not. Whereas
married or civil partnered couples have a legal duty to support each other, cohabiting
couples do not - including after a split.
Working out a budget can help you keep track of the money you have coming
in and how much you spend. A budget calculator can be found on the Financial
Services Authority website Moneymadeclear.
More information on benefits, taxes and
managing your money can be found on the Directgov
website.
www.marriedornot.org.uk
Married or not is part of LivingTogether - a campaign led by Advicenow.org.uk to inform cohabiting couples of their legal rights. The Nuffield Foundation and the Department for Constitutional Affairs supported One Plus One's development of material for Married or Not. The legal information on this site was checked by Sarah Forster.
Disclaimer: This website is intended to offer general
non-specific guidance in outline form. Those accessing
it should not rely solely on the information or advice
it contains.