Monday, March 22, 2010

Your Money: Joint Bank Accounts

Setting up a joint bank account with your spouse may not be the wisest of moves these days. AP Personal Finance Editor Trevor Delaney explains.

Comments

soldout

When two people are married they are to become one. I think a joint account helps them to become one. Marriages that get in trouble seem to have some things in common. They cleave but they don't leave. They try to keep all their old friends, do all the things they used to do and never become that "one". That is where the strength is as the two become one and it becomes "our" money instead of his and hers. If you can't trust each other to handle the money you should have never gotten married because you can never be a team. In a team each one does what they are best at. In a marriage where God is the coach and the Bible is the rule book satan will have a hard time breaking it up with his tricks. The team will accomplish much and be the source of strength and the standard of behavior for the children. If the wife wants to stay home and not have an outside job but be the manager of the home the key is becoming a team. In business a man finds it hard to compete against another man whose wife is managing the home and supporting his efforts in every way. Financially a team does much better as they decide where their money goes rather than making sure they spend their part.

Top headlines

Tiger says he's 'nervous'

Tiger Woods said he couldn't wait to get back to playing golf, though he had reservations about how he'll be received when he returns to the game at the Masters Tournament in April.
Were you Spotted?