Achieving Financial Independence as a Couple

How to maintain financial autonomy.
Presented by Sterling Total Wealth Solutions
March 1, 2024

Over the years, we’ve come to believe that learning to navigate financial discussions and events in a relationship is a “must” that transcends generations. However, recent data shows that Gen Z and Millennial couples are forging their financial path once again.

In fact 43% of Gen Z and 31% of millennials say they prefer to keep their financial accounts separate from their partners’ to maintain financial autonomy— And for many this may be what’s best for their financial situations. However, this approach will almost always require extra structuring when considering investment, retirement, or estate strategies.1

Fortunately, the same communication lessons seasoned investors (and couples) learned in their younger days still apply when maintaining separate accounts.

Here are some of our favorite time-tested strategies for maintaining open financial communication with one’s partner:

  • Identify Shared Expenses — Shared expenses include housing, utilities, and groceries. Coming to a mutual understanding about what costs are shared and how they are split is key.
  • Consider Income Differences — If there’s a significant income difference, some couples opt for dividing expenses in proportion to their incomes ensuring a balanced financial load.
  • Establish Transparency — Even with separate finances, transparency is crucial. Some have found luck in creating a single joint account for shared expenses to foster transparency and trust while keeping all other accounts separate.

As always we are here to help whether it’s facilitating a discussion around shared accounts, maintaining financial autonomy, or any other financial questions you (or your loved ones) may have.

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The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. It may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation. This material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG, LLC, is not affiliated with the named broker-dealer, state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security. Copyright 2023 FMG Suite.


1., November 16, 2023. “Gen Z and millennial couples are more likely to keep their finances separate.”