Do Separate Bank Accounts Lead to Separation?
Some couples decide to keep their finances separated after they marry. They maintain separate bank accounts and even divide the bills up each month, each contributing their share of the household expenses. Is this a good idea or do couples who do not share their money get divorced more often?
I am not sure. If either the husband or wife is not comfortable with keeping individual bank accounts during a marriage, then it can become a problem. Sharing your money with your partner is the ultimate sign of commitment. It is also a sign of trust to put your money together with your spouse and make decision together concerning purchases and finances.
A partner who refuses to allow his or her partner access to bank accounts, investments and other assets may be someone with something to hide. Any assets acquired during a marriage are considered martial property, so why hide them? Marriage is about commitment and sharing. But
if both parties are happy with keeping the finances separated and and it works for them it should not have any negative impact on their marriage. This is defintely an issue that should be decided and agreed upon before getting married to avoid any conflict later.