Should couples have a separate or joint bank account?

Should couples have a separate or joint bank account?

René Bennett, Bankrate.com Joint bank accounts allow couples to manage budgets together, monitor spending and save for shared goals. But they aren’t right for every couple. And you don’t have to go with an all-or-nothing approach, either. You can have a joint account without merging all your finances. Related Articles Tylenol, Kleenex, Band-Aid and more put under one roof in $48.7 billion consumer brands deal Nvidi…

Separate Finances Become More Common Among Married Couples

By Laura Onyeneho According to new data from the U.S. Census Bureau, a growing number of married couples are saying “I do” to keeping their finances separate. In 2023, 23% of married couples reported having no joint bank account, a significant jump from 15% in 1996. Experts say the shift reflects broader cultural and economic changes, reshaping how couples think about money and marriage. “Texas is a community property state, so even if one pers…