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Archive for the ‘Money & Marriage’ Category:

Joint Checking: Good idea or disaster waiting to happen?

Posted in Money & Marriage | August 1, 2011

We’re married: so what’s mine is yours and what’s yours is mine, right? Maybe — not always — and certainly not with all things. Individual retirement accounts quickly come to mind; jewelry is another. And I’m willing to bet that most married people draw the line at their cars as well.  Each of us, even in a marriage, has to have at least a few things that are just ours and nobody else’s.  Just about everything else — the house, the mortgage, the credit cards, the furniture and, yes, the kids — fit easily and comfortably into the “ours” category. But there are a few things that sit in the gray zone in between “mine” and “ours.” Perhaps the most important of those things is the checking account.  Will it

Tackling Credit Card Debt as a Couple

Posted in Money & Marriage | July 25, 2011

It’s not unusual for couples to have different approaches to personal finance — particularly when it comes to credit cards. For us personally, my husband does not have a credit card, while I’ve had a  few. He pays for everything with his debit card. In recent years I have gotten rid of most of my credit cards, but I find that holding onto one makes my life easier on certain occasions. We have several friends who also have different perspectives on credit cards. One spouse can be very conservative with debt and try to avoid it as much as possible, while the other may be accustomed to having it as a part of their lives. It doesn’t mean their finances are doomed, but it does mean the have to work harder to