Smart Money: The Pros and Cons of Merging Finances

Making Smart Money Decisions: When to Merge Finances — or Not

When it comes to joining finances with a partner, it’s important to proceed with caution.^[0] On the latest episode of NerdWallet’s Smart Money podcast, we discussed the risks of merging finances with a partner and when it’s a good idea — or not.

The episode starts with a discussion on the risks of merging finances with a partner.^[1] It’s important to assess each individual’s financial situation before taking the plunge.^[2] Closing a credit card account can hurt your credit score, so it’s best to consider asking for a product change instead.^[0] It’s also important to consider the impact of one partner’s debt on the other, as well as the potential for increased financial risk.

The episode also covered rental properties, ChatGPT vs. the Nerds, and more. Tune in to the podcast for more information on when to merge finances — or not.

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The article Making Smart Money Decisions: When to Merge Finances — or Not originally appeared on NerdWallet.

0. “Smart Money: When to Merge Finances — or Not” The Cheyenne Post, 13 Feb. 2023, https://www.thecheyennepost.com/news/national/smart-money-when-to-merge-finances-or-not/article_fe6a61d5-6f92-50f5-8bfa-1ea2c154e8d8.html

1. “Smart Money: When to Merge Finances — or Not” Corydon Times, 13 Feb. 2023, https://www.corydontimes.com/news/national/smart-money-when-to-merge-finances-or-not/image_3c5af5d5-eaf5-517a-868b-6b20b42a847b.html

2. “Smart Money: When to Merge Finances — or Not” McDuffie Progress, 13 Feb. 2023, https://www.mcduffieprogress.com/news/national/smart-money-when-to-merge-finances-or-not/article_3db8eded-278a-5ee3-903b-b990b325562c.html