Which is better: joint or separate finances? Both sides offer strong arguments. Good reasons to combine finances include:

> Pragmatism. Some people believe that joint finances make a marriage work more efficiently.
> Convenience. It’s easier for some couples to have a central pool of money from which all expenses are paid.
> Handling money. Either partner lacks financial discipline so joint accounts are best.
> It costs less. When a couple has fewer accounts, they pay fewer fees. Also, they can sometimes obtain better interest rates.
> Some couples want to combine finances.

But it would also be good to have a separate account for your personal use.

I don’t believe there’s one right answer to this question. The best choice is the one that works for you and your partner. This is something that you need to decide. What’s most important is honesty and communication. Any system in which the partners are open about their money habits is a good one. Ultimately, it comes down to this: Do what works for you.

yes I would have to agree! Each situation is different. but do believe that to become one their should be joint account.

That is why you can always do both, right? Have a joint account and also a separate account for your personal use.