Marriage and MoneyMarriage introduces changes in a new couple's financial situation that will affect all aspects of their life together. Everything from personal financial goals to credit card debt will bring new challenges to the relationship. Understanding how to navigate through these changes can be challenging, but planning ahead can allow you to build a strong financial foundation for your relationship.
One of the first obstacles to overcome is dealing with bank accounts. Should you keep separate accounts, or put everything into a joint account? Or, should you have a combination of joint and separate accounts? Whatever you decide, this is an important first step to talk about when getting married.
It is generally a good idea to consider a combination of both joint and individual accounts.[Remove a Bankruptcy From your Credit Report] A joint account should be used for family expenses: the mortgage or rent, utilities, bills,Read More »from Marriage and Money - Planning Your New Financial Life Together