The issues of gender equality wiggles often find their way into every aspect of life. For example, the standard for married couples in financial institutions used to be having a joint bank account, but this has detrimental effects. Not only do couples have a stake in each other’s money, but they also can cause each other to go into debt. So, to empower each spouse’s financial independence and the overall quality of the relationship, it may be best to have separate bank accounts.
- Joint bank accounts should only be opened if the two parties absolutely trust each other.
- Legal banking systems push joint accounts, but they can be very dangerous.
- Overall, just because you love someone doesn’t mean you should open a joint account.
“For me, it wasn’t until the day my husband left, and the iceberg scraped along the side of our life together, that I realized how I’d let love with a capital L cloud my vision and blind me to reality.”
Read more: https://the-frugality.com/why-ill-never-open-up-a-joint-bank-account-again/