Top 5 Money Pitfalls of the Married Couple

No. 4: Keeping all your money joint

Wedding RingsPublic Domain Image: Public Domain

Since marriage is all about sharing, one might think that the best solution is for the two partners to keep all their finances in a joint account. But more often than not, this practice can lead to a series of unneeded arguments. When all of your money is cooped up together, it becomes a lot harder to justify personal expenses and financial dependency might soon ensue. Instead of putting all of your money in the same place, you can each hold on to your separate accounts and open up a third one, where you could each deposit a certain percentage of your paychecks.