Should you combine your bank accounts when you get married? This is a very common question among those who are newlywed. And it’s a very good question that needs to be considered.
And when you do consider, or just combine your bank accounts, think about how you spend and how the money the two of you have is going to be spent.
If you have a joint account, is the person who balances the account going to get ticked off when the other person spends money on the little things each day? Or makes big purchases without communicating it first?
We currently live in a time where a lot of couples are NOT combining their bank accounts. Each person is keeping their own personal account, but giving the other person authorized access. And they may be opening a third account between them for the joint bills like rent or mortgage, utilities, phones, and food.
There is no clear cut answer to whether or not you should or shouldn’t combine your bank accounts. It is based on each individual marriage for whether you should combine your bank accounts.
BUT, you do have to talk about money with each other throughout the entire life of your marriage. It’s not always going to be easy, but the more you talk about money with each other, the easier your talks will get.