How separate (or intertwined) should your financial lives be? Some spouses share everything with each other – including the smallest details of their personal finances. Other spouses decide to keep some individual financial decisions and details to themselves, and their relationship is just fine.
Just as a marriage requires understanding, respect, and compromise, so does the financial life of a married couple. Now that October is here, one of the most popular months for today's couples to exchange vows, it's time for some newlyweds to make a decision on whether or not to combine finances and banking accounts. If you are marrying soon or have just married, you may be surprised (and encouraged) by the way your individual finances may or may not need to change.