Becoming one bank account

Apparently more and more married couples decide to keep seperate bank accounts. In this article titled Love, Marriage, and Banking, a woman is quoted as saying, “I shouldn’t have to ask for permission to get my hair done.”

Having only one spouse’s name on the family account can cause problems. However, there are many positive things about having a joint account, with both names on the account. “It simplifies banking and forces couples to talk to each other about money,” says Matt McKellar, president of ICON Consulting in Bellevue and a member of the Financial Planning Association.

Read more about the pro’s and con’s here!