Recently an interesting thread popped up in the forums about joint and separate accounts. It seems that most people mentioned they had joint accounts. For Linda and I, we discovered that even though we had joint accounts, we still needed to have some amount of cash that was separate. We basically created a weekly “allowance” for each of us, that was our money to spend on ourselves for the week.
Since money issues are the number one reason for divorce in the U.S. I thought this would be a topic worth discussing and seeing how the readers handle it.
Feel free to respond to any of the questions below in the comments section…
- Do you and your spouse have joint accounts?
- Do you have any cash set aside for individual use?
- Have you learned any lessons the “hard way” with your finances in marriage?