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According to US News, finance experts say you should definitely have a joint checking account with your spouse…or maybe not.
Here are the pros and cons:
- Joint checking accounts promote trust vs separate checking accounts promoting autonomy
- Joint checking accounts offer a clear financial picture vs separate checking accounts offer less ammunition for money battles
- Joint checking accounts mean money is never out of reach vs separate checking accounts mean money may not be touched by others
In the end, the best arrangement may combine joint and separate accounts.
Click here for the full article, The Case for (and Against) Spouses Having Joint Checking Accounts, from US News Money.
