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Single Bank Accounts vs. Joint Accounts For Married Couples

How Should Newlyweds Divide Money?

With more wives out-earning their husbands, the money-earning scale is tipped in the woman's favor for the first time ever. It's no longer a given that what's yours is mine right down to the very cent, and today newlywed Jessica Grose tackles this question on Slate. It feels odd, she says, to be married with two completely separate accounts, but both her and her husband want to maintain some level of independence and not explain every little purchase.

They have three options: get one joint account, maintain two separate accounts, or create one account for joint expenses and keep the rest to themselves. What would you choose?

Source: Thinkstock
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