16 Mar 051 Financial Excellence: Joint vs. Separate Bank Accounts in Marriage
Episode 51: Joint Bank Accounts vs. Separate Bank Accounts for married Couples (& More), Mar 16, 2011.
We got some feedback from our Facebook community asking us to talk about whether or not couples should have separate checking accounts. We discuss the pros and cons of that today plus we dig a little deeper into the communication and common goals that couples should work through.
- Thanks to Brad Dassey of affordableradiovoiceover.com for the outstanding production of our intro and outro liners for the podcast. Brad has a unique voice and talent, and we appreciate his help.
- We asked for some ideas on our Facebook page, and we got lots of feedback. Thanks to everyone who shared some ideas.
- Why should you keep a joint checking account for your marriage’s finances? In a word, TRUST.
- Some people like to have a joint account just for the bills, and keep the rest of the money in separate accounts, meaning his money and her money. We don’t think that’s a good idea.
- We also discussed some of the advantages of carrying cash. Not sure how that got into the conversation but it relates somehow!
- Men and women have different priorities for money, and it’s important to work through those differences to make sure you’re not caught in a financial tug-o-war.
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