Without a doubt, one of the best signs that your relationship is progressing is that you begin to share more and more with each other. You share secrets. You share responsibilities. You may even share a home. And eventually, you might share a last name. But if you're asking yourself, "Should my partner and I have a joint bank account?", it's worth noting that this subject is a tad complex. Traditionally, pooling the finances has been a common practice among couples in serious relationships — especially upon getting married. It’s not for everyone, however.
There are certainly some benefits to having a joint bank account. It can encourage the couple to work as a team on finances, making decisions together and learning the importance of compromise along the way. It can force both partners to be more accountable and potentially make more responsible purchasing decisions as well. On the other hand, there are also obvious risks involved. What if you and your boo break up down the line? Will that make things messy when it comes to money? And what if you and bae have vastly different spending habits? Are you going to be P.O.’d when they spend some of your hard-earned money on yet another seemingly useless gadget? Will they judge you for splurging on those Rag & Bone moto booties? (Whatever, #worthit.)
There’s no right or wrong when it comes to sharing a bank account — ultimately, it depends on the specific circumstances and preferences of the couple. But for these six women, finances are like business and pleasure: better kept separate.