Why You Should Rethink A Joint Bank Account With Your Partner
“For joint accounts to work well, you need a basic level of trust, shared goals, and desire for transparency,” says Michelle Jones, chief external affairs officer at Money Management International (MMI), a financial counseling and education nonprofit. “Hopefully, those components are already in place for most relationships. But there could still be some scenarios where a joint account is not in your best interest.” According to a survey by Truist Bank and the Harris Poll, most people admitted they spend and save money differently from their partner, and 35 percent blame finances for their relationship stress....