Should You Open A Joint Bank Account?

Photo: phil_g

If you've recently taken that next step in your relationship and increased your level of commitment to each other, say, by moving in together or getting engaged, you might be wondering if it's time to combine bank accounts. You're probably sharing a number of expenses and it might seem impractical to continue keeping tabs on who owes what to whom.

While many couples do choose to combine their finances for convenience and simplicity, sometimes even married couples choose to keep all of their accounts separate. There are a number of issues to consider if you're trying to decide whether opening a joint account is right for you at this stage in your relationship. Read more in my article, Should You Open a Joint Bank Account?

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