Joint vs. Separate Checking Accounts


This is an interesting topic.  It can be a sensitive topic as well. As a married couple should you have separate or joint checking accounts? I didn't get married until I was in my 30's, I had my own bills, my own house, my own job and my own checking account.  My husband also had his own bills, job and checking account.  I first thought yes, we should have a joint account, my husband did not agree at the time so we kept everything separate.  We split the household bills and repairs 50/50. Do I think that separate accounts is the best way to handle finances in a marriage?  No.  Do I think it is best to keep all your money jointly combined?  No.  So what is a couple to do?  First and foremost, you and your spouse MUST communicate with each other about finances.  It is best to determine prior to marriage how you will handle your ... [ Read More ]