This is a hot topic that should really be talked about before you walk down the aisle.

I don’t think anyone can prescribe a formula that works for everyone. Years ago I scoffed at married people who dared to have separate accounts. Now that I’m on the other side I can see how it’s conveneint to keep the accounts you already had and open a new one together. Now my mom scoffs at me for daring to still have my separate bank account.

For us, it’s just easier for us each to have our own bank accounts; but we also have two accounts together. I’m not trying to hide anything, and neither is he. At this point of our lives it’s much simpler to leave it that way. (Yes, I know it’s odd to say that it’s easier for me to have 5 bank accounts instead of merging them; but it really is. Different accounts for different reasons.)

For others, it might be easier to merge finances and I don’t see anything wrong with it. Do what works for you.

Here’s what others say on the topic of merging finances:

Get Rich Slowly- He and his wife keep separate finances.

The Weight Of Money- Discusses some issues that can arise from trying to combine finances.

Blueprint For Prosperity- A detailed plan on how they combine their finances.

All in all I think each couple has to do what works best for them. What do you think?