When I got the opportunity to write a guest post for JD Roth over at Get Rich Slowly, I knew it was time to finally put to paper the idea for a post that had been marinating in my head for quite some time.
So often we hear people talking about what they consider to be the one option for how to set up finances in a relationship, and that’s that you absolutely have to combine all bank accounts and investments once you sign that marriage certificate. If you don’t, you aren’t really a team, you aren’t fully committed to each other, and you obviously have some lack of trust in the relationship. Or at least, that’s what quite a few personal finance experts seem to believe.
My husband and I have always kept separate accounts though, and we have no plans to change that. We did open up joint accounts as soon as we got married, but in the intervening nine years we haven’t made moves to combine the rest. Having separate money is really important for us, and I’ve meant to write a post in detail for a while now about how we manage our money together and individually, and this guest post gave me the opportunity to do just that.
The only problem was once I wrote out the post, I almost didn’t want to give it away to be published on Get Rich Slowly because I liked it so much. I did share it though after all, so head on over to JD’s site to read it and let me know what you think! If it isn’t obvious, I feel pretty strongly about this subject, but with everything else, personal finance is so personal and it may not be the right option for you regardless – but there are lots of options, not just one right way to go about it.