Separate Bank Accounts?

By Cristina Adams on Tuesday September 15, 2009


To join or not to join bank accounts — that’s a good question. 47% of 2,500+ readers polled on on Parenting.com think separate accounts are a good idea. Who knew so many?

A PRO
You may want a bigger financial cushion than your husband/partner. Perhaps he can stomach letting his account get down to $200 without breaking a sweat, but you can't handle having less than $2,000.

A CON
There’s less of a team mentality when it comes to managing your finances, and that could cost you money and intimacy. One DailyWorth reader, who happens to be the breadwinner, pays for all of their family vacations, and it can get on her nerves.

While we don't recommend this strategy per se, we do suggest that all new couples keep separate accounts until you figure out how you will handle budgeting, saving and investing. Read more about the pros and cons of separate bank accounts on Yahoo.com by Dory Devlin. The 70 comments after the post are also a worthy skim.