Married with separate checking accounts

Merging finances: No ideal method
Merging finances: No ideal method © Baranq/

Despite the well-meaning advice of family and friends, there is no ideal way to combine a married couple's money that works for everyone, says Kelley Long, a CPA at Shepard Schwartz & Harris LLP in Chicago.

"Separate checking accounts allow two people who were previously financially independent to maintain a sense of autonomy as they adjust to the interdependent life of coupledom," Long says.

That doesn't mean you shouldn't share spending information, and it's not an excuse for financial secrecy. Instead, separate checking accounts should help prevent arguments about money and give both spouses a feeling of fairness and independence.

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