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Joint accounts that make couples more money

Tempted to tie the financial knot on Valentine’s Day? While accountability and a regular investment plan can boost savings and security, read these tips first.

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The number of couples sharing their finances by running joint savings and investment accounts has doubled over the last 12 months. Stockspot, an online investment adviser and platform, says couples investing together increased 107 per cent, compared to just over 70 per cent in individual accounts.

James and Vilija Manners claim joint accounts reduce administration and make it easier to achieve their savings’ goals for big-ticket items, such as their children’s school fees and buying a bigger home.

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Duncan Hughes is a Walkley award-winning personal finance reporter, based in our Melbourne newsroom. Connect with Duncan on Twitter. Email Duncan at duhughes@afr.com.au

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    Original URL: https://www.afr.com/wealth/personal-finance/joint-accounts-that-make-couples-more-money-20220207-p59uie