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Hear Ellen Jaffe on 101.5 LITE FM and LiteMiami.com weekdays 5:00-9:00 p.m. ET
 E-Mail Ellen              Twitter: @JaffeEllen              Read all posts from Ellen's blog
Sharing hearts and bank accounts
Posted 9/19/2012 7:48:00 AM

Does marriage means you share everything? Even the money?

Some 60 % of marriages end in divorce, and a lot of those people blame finances for the breakup. In fact, according to at least one book, 'Financial Infidelity' is the #1 problem in relationships. Secretly spending money, opening hidden credit card accounts, lying about purchases - all behaviors bound to crumble the foundation of trust that holds relationships together.

So when we posed the question about how married couples should handle their finances - with joint accounts or individual bank accounts - it wasn't surprising to see a lot of emotion rippling through the responses. For those who aren't so bitter or bruised that they'll never share a financial account with anyone, ever again, the general concensus seems to be a compromise. Have a joint account for household expenses, but also maintain individual accounts for everything else.

What do you think? What has your experience been with marriage and money? Love to hear your thoughts on our Facebook page!

 

Posted By: Ellen Jaffe  

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