34 “It’s Better to Keep Your Finances Separate”
Yes, it’s definitely a good idea to have an emergency stash of money in case the worst case scenario happens, but keeping all of your money separate could be a mistake.
“When you’re first dating or in a newer relationship, of course keep your bank accounts separate,” Shutt says. “Once you’re married or in a committed long-term relationship, however, I find couples are most successful when they can combine forces and have real conversations about how they’re using their money as a team. Having separate accounts that the other person isn’t allowed to touch, or worse, doesn’t even know about, is just a way of avoiding the difficult conversations about trust, respect and boundaries in the relationship. Eventually, that issue will manifest in another way.”
