It’s assumed that when you marry or live with someone, you combine finances.
That works for a lot of couples, but not all of them.
In some scenarios, keeping your finances separate might be a better option.
Financial advisorLaurie Itkinsuggests a similar approach.
In an interview, she told me she’s very frugal while her husband is more of a spendthrift.
To compromise, they have a joint account and separate individual accounts for spending money as they just.
Of course, they come to an agreement on the amounts in each account.
You might also consider keeping things separate if you don’t share debt.
There are strong opinions on both sides of this argument.
In the end, it’s a personal decision that depends onyourrelationship and financial situation.
And there are some valid scenarios in which you might consider keeping things separate.
For more detail, check out Credit.com’s full post.
3 Signs You Should Split Up Finances| Credit.com
Photo byEd Yourdon.
