How do you manage finances in a relationship?
Model 1) Separate accounts with 1 shared for communal expenses.
Model 2) Breadwinner brings home money and stay-at-home-partner will manage the finances.
Model 3) Breadwinner handles all finances and gives money to the other partner.
Most of my getting-by-decently-married friends seem to be in Model 1) or 2). In general, Model 1) seems to be common amongst couples when 1 of the 2 people is not well educated in personal finance. Of my higher-income married friends, they usually fall into Model 3).
I am interested in different frameworks for decision making in relationships especially with investments, debt, and long term planning. I am also interested in dynamic frameworks that account for asymmetrical incomes between partners. Ex, each partner contributes 10% to a savings account to prepare for a 6-month emergency fund, 10% into an investment account, etc...
I know this is quite a personal subject, but I am just looking to educate myself and prepare myself. I appreciate all answers and insight.
Thank you in advance.