Is it better for newlyweds to have joint checking accounts or to keep things seperate?
This was selected as Best Answer I would say “it depends”. Both of your individual attitutes towards money, spending, saving, and record keeping matter. The three-account (one joint and one each separate) recommended by many is a good default, but other options can also work. Let me tell you about my personal experience: My husband and I married a little later in life when we were both established financially, and we have kept things separate. We have both had past experiences living on a tight budget and can do again so if we need to, as we proved by saving enough to pay for our wedding in the year prior to the event. We discuss finances openly (now and before marriage) and plan jointly but each have our own chequing accounts, credit cards, and investments. One of the reasons that this works for us is that I am a record-keeper (accountant, go figure) and he is not. I track and balance my chequing account regularly and budget cash flow about 6-9 months ahead, while he simply reviews hi
