SEPARATE OR SHARED BANK ACCOUNTS: WHAT’S BETTER? (VIA CATHERINE ALFORD OF PERSONALCAPITAL.COM)

Early on in relationships, both parties tend to share particular hobbies and interests with each other. That is how we build chemistry. It is a system that has (for the most part) worked for a while now. Successful relationships tend to include a nice blend of similarities and differences.

Eventually, however, cohesion becomes the name of the game, and many couples feel as though several important aspects of their lives should become intertwined. This could include the purchase of a living space, either by renting or owning said property. It could mean establishing a shared inner circle of friends. We should not forget the possibilities of marriage and raising children, two of the most romantic and binding activities couples could partake in.

While not as sentimental, the decision to share a bank account with a significant other could very well be the most substantial.

To read about the pros and cons of separate and shared bank accounts between loved ones, click here.

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