Here's some more info on joint vs separate checking accounts.
Here are a few of the positives for a joint checking account:
One account is logistically easier than two. There is only statement to balance. Checks, ATM and debit withdrawals all come out of the same account.
A joint account promotes the notion that marriage is a team effort.
Saturday, February 27, 2010
Monday, February 22, 2010
Joint vs. Separate Checking Accounts
The debate over joint versus separate bank accounts has always been a hot topic among married, or soon to be married, couples. Some couples swear by separate bank accounts while others think joint accounts are the only way to go.
Neither method is right or wrong; however it is important that couples decide what works for their situation. Finances can often be complicated by a variety of factors such as previous marriages, child support, credit card debt and student loans. Because resentment over money can fester and ruin a relationship, this is one of the conversations that should occur sooner rather than later in the marriage.
I'll have more on this in subsequent postings.
Neither method is right or wrong; however it is important that couples decide what works for their situation. Finances can often be complicated by a variety of factors such as previous marriages, child support, credit card debt and student loans. Because resentment over money can fester and ruin a relationship, this is one of the conversations that should occur sooner rather than later in the marriage.
I'll have more on this in subsequent postings.
Saturday, February 13, 2010
More on Finances
Before you become eligible for Medicare, you might want to consider purchasing a major medical plan to cover doctors' visits, drugs and hospital care. These plans, which can vary in costs and medical benefits, include indemnity plans, preferred provider organization (PPO) plans, health maintenance organization (HMO) plans and point-of-service (POS) plans.
Tuesday, February 09, 2010
8th Key to Good Credit
#8 tip for good credit:
Build an emergency fund equal to at least six months of living expenses. If the unexpected happens, you will still be able to pay fixed expenses instead of falling behind.
See last blog for item on COBRA. If you are not eligible for COBRA, you might want to consider a catastrophic or high-deductible medical plan, which typically carries lower premiums than other individual policies. Keep in mind that people with serious preexisting health problems - such as heart disease, diabetes or multiple sclerosis - typically cannot get catastrophic health insurance.
Build an emergency fund equal to at least six months of living expenses. If the unexpected happens, you will still be able to pay fixed expenses instead of falling behind.
See last blog for item on COBRA. If you are not eligible for COBRA, you might want to consider a catastrophic or high-deductible medical plan, which typically carries lower premiums than other individual policies. Keep in mind that people with serious preexisting health problems - such as heart disease, diabetes or multiple sclerosis - typically cannot get catastrophic health insurance.
Wednesday, February 03, 2010
Happy February
Early spring is on the way!
Tip # 7 for Good Credit: Order a free copy of your credit report. Under federal law, you can get a free report from each of the three national credit reporting companies every 12 months at www.annualcreditreport.com or call (877) 322-8228. Read your report carefully and correct any errors.
By the way, if you plan to retire from your job before age 65 and are not eligible for Medicare, check to see if you are eligible for COBRA. COBRA is a federal law that typically entitles you to continue your employer's health insurance coverage for up to 18 months after leaving a job.
Tip # 7 for Good Credit: Order a free copy of your credit report. Under federal law, you can get a free report from each of the three national credit reporting companies every 12 months at www.annualcreditreport.com or call (877) 322-8228. Read your report carefully and correct any errors.
By the way, if you plan to retire from your job before age 65 and are not eligible for Medicare, check to see if you are eligible for COBRA. COBRA is a federal law that typically entitles you to continue your employer's health insurance coverage for up to 18 months after leaving a job.
Subscribe to:
Posts (Atom)