Couples Should Do This Before Combining Financial Assets

One anniversary that newlyweds likely will never celebrate is the day each spouse agreed to share their finances.

That’s because money and romance only co-exist as a commercial enterprise – think Valentine’s Day, birthdays, and the major annual holidays. After all, Cupid aims his arrows at hearts – not bank accounts.

From a relationship-strengthening point of view, however, combining spousal incomes is a big deal. No longer do individual partners get to make big financial decisions on their own, and no longer can spouses hide big financial problems from one another, as a shared bank checking account exposes all financial secrets.

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