Good Lifestyle

It may be true that money cannot buy happiness, but how you hold it. A recently published study examined an aspect of money issues, in particular how your bank account can have an impact satisfaction in your relationship . It turns out that the couples who decided to pool their funds were always happier than those who did not do it - and the experts in relation say that it makes sense. Read more to find out how a joint bank account could bring you, as well as your partner, more joy.

Read this then: The 5 main signs that you have found the love of your life, according to experts in relation .

Money can be a painful place for certain couples - in fact, according to the study of couples and money from Fidelity Investments, 1 in 5 couple thinks that money is the money The biggest challenge in their relationship. On an individual level, almost a quarter of the 3,426 people interviewed said they were frustrated by their partner's silver habits, but they will not avoid an argument.

A discussion that you and your partner could postpone is how to manage your money, whether to keep your income and your separate savings or group everything together. Some believe that it is obvious to open a joint account with a partner or a committed spouse, but Martin Gasparian , owner and House law lawyer , said people have their reasons to want to separate their funds.

"Many of us are secret of our income and our value," he said Better life . "For some, they may not want to boast their wealth, while others could avoid sharing because of their embarrassment of their little."

However, if you are able to go beyond their insecurity and share your financial situation with your partner, new research suggests that you will be happy to have done so.

According to a study Posted this month in the Journal of personality and social psychology, Couples who have joint accounts and pool all their money are happier than those who do not.

Researchers from Cornell University and the University of Colorado (UC) arrived at this conclusion after having evaluated the data of six individual studies, with 38,534 participants in total. According to the graphics shared with Yahoo Finance Live, the majority of couples studied - 65.9% - joint accounts, while 23.6% pooling certain finances, and 10.5% maintained all separate finances.

"We have studied thousands of couples and examined both their transaction data, as well as surveys for many years studying their relational satisfaction". Joe Gladstone , main author of the study and assistant marketing professor at UC Boulder, said in an interview with Yahoo Finance Live. "And what we have seen is that couples who have joint accounts, they stay together longer. They are more satisfied in these relationships."

When asked if those who had common accounts were simply happier to start, Gladstone explained that the researchers had studied couples for several years, examining what is happening just before and just after having decided to put their money.

"It seems that it is not that these couples are just different from each other, and that it is the act of pooling money itself which seems to lead this effect on happiness", a- he said. According to the summary of the study, for those who have "rare financial resources", the positive effect of a joint account was even stronger.

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The reason why these couples are happier is more difficult to discern. Couples probably do not open a joint account with an explicit objective of improving happiness, according to Gladstone, but do it rather for reasons of convenience. The positive effects are manifested after opening the account, which couples may not have taken into account originally. AE0FCC31AE342FD3A1346EBB1F342FCB

"I don't have a single metric to represent this," said Gladstone in the Yahoo Finance interview. "But it is a significant, significant and coherent effect."

Experts suggest that this feeling of contentment is probably linked to confidence. "Deciding to have a joint account can involve the other party that you are comfortable with them and that you trust them with your wealth," explains Gasparian.

Aviva Pinto , CDFA, CDS, Managing Director of Wealthspire advisers , echoes this, explaining that a spouse can establish a "peace of mind".

"Discussing finances as a couple is a great form of open communication that leads to confidence and understanding," she says. "Everyone has access to all information, nothing is hidden. Everyone knows what is going on. Even more."

Divorce was also mentioned during Yahoo's finance maintenance - as it can be a problem to divide finances when partners separate - but Gladstone says that researchers still have to explore this as a potential drawback. However, he noted that couples with joint accounts spend money differently, mainly on "sensible utility tips", as opposed to more fun and frivolous purchases. This may be due to the need to justify their expenses with the partner, which encourages them to spend more significantly.

Gladstone conceded that this deduction could be perceived negatively, because couples may not invest in material elements that make them happy. "But at least in terms of financial well-being of people, [it is] probably good," he said about responsible spending. "But it is not the same thing as what brings us joy and happiness."

Best Life offers the most up -to -date financial information for the best experts and the latest news and research, but our content is not supposed to replace professional advice. Regarding the money you spend, save or invest, always consult your financial advisor directly.