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.
