Joint or separate accounts? It's one of the touchiest issues couples have to answer when they put a ring on it. Are you in a mine, yours or ours relationship? What are the best ways to keep money matters from becoming a pain in the heart? GALTime.com Consumer Reporter Mary Schwager asked Gerri Detweiler, personal finance advisor for Credit.com , for some advice on how to co-mingle happily.
Q: Love is supposed to be forever, but just in case it isn't, what's important to remember going into a relationship when it comes to co-mingling finances, bank accounts and credit cards?
A: Gerri Detweiler, personal finance advisor for Credit.com
Keep at least some of your credit separate. If you want to have a joint credit card for joint household purchases, that's fine, but consider keeping at least one credit card in your own name. If you live in a community property state, remember that any debts incurred after you marry become community property. That's true whether youRead More »from Are You In A Mine, Yours, Or Ours Relationship?