Finance and Married life
These days, it's not necessarily a given that newly married couples will merge their individual checking accounts into one joint checking account. Finances are often complicated by previous marriages, child support or alimony, student loans, existing mortgages or credit card debt, and other issues such as a sense of autonomy and financial independence.
Sometimes combining all income into a joint checking account can muddy the waters, add confusion and complications, and cause resentment and power struggles. So, what's a couple to do?
Before you tie the knot, talk about how you'll mingle your money. Calmly express your opinions and discuss the ramifications of the different options