Should You Share Bank Accounts With Your Spouse?

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These days, having a conversation about finances with your spouse before you get married is more common. With a 30% increase in moving in together before marriage over the last 20 years, many couples are spending time and effort discussing their finances, expenses, and more. But as far as your money goes, should you share bank accounts with your spouse? Does both of your income need to be combined after marriage? Here is the case for (and against) sharing bank accounts when you’re married.

Should You Share Bank Accounts With Your Spouse?

This post was written by our talented staff writer, Kimberly Studdard.

Why You Should Share Bank Accounts

Is it important to share bank accounts with your spouse, and should you? Here are three solid reasons why you might want to share bank accounts.

1) With a shared bank account, it makes paying for bills and necessary items easier.

After marriage, you are merging your life with your spouse, and typically, that involves merging your money as well. By having one place to keep your incoming money and outgoing expenses organized, you’re less likely to worry about a bill . . . → Read More: Should You Share Bank Accounts With Your Spouse?