Are Millennials being financially savvy or missing out on big advantages to joining accounts? Should you keep joint accounts with your spouse or is it easier to stay financially independent?
Joint accounts give each partner access to the resources they need to pay bills, use financial tools and bare their part of the responsibilities.
Joint finances mean joining debts as well and one partner may feel obligated to paying off the pre-marriage debt of the other.
Don’t just assume that your partner agrees with your opinion on keeping things separate or creating joint accounts. If you can’t talk about money now, you’re definitely going to have problems in the future.