However, those who do decide to open a joint account still keep some degree of financial independence, by keeping [...] No related posts. Related posts brought to you by Yet Another Related Posts Plugin.]]> New research from Tesco Bank shows that 29% of all people in relationships are choosing not to merge their finances, with most couples taking an average of two years before they start to join their finances together.

However, those who do decide to open a joint account still keep some degree of financial independence, by keeping a few financial resources separately.  For example, couples are more likely to share savings accounts than credit cards or checking accounts.

A spokesperson for Tesco Bank stated that even though a relationship requires sharing many elements of each other’s lives, most people still try to keep some of their financial independence by not sharing all of their resources.

However, it was interesting to see that most couples are happier sharing savings versus their spending money and that a third of those surveyed would use the joint finances to pay for an anniversary present or treat.

This is due to the fact that while the joint account is typically used to pay mortgages, weekly shopping bills, or other bills, about 30% of people use their combined finances to fund any special occasion or presents for the other.

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