Separate Accounts?
Show Notes
About the Guest
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A consumer magazine offered this financial advice. "Consider separate accounts for your expenses that are all your own." They were talking to blended family couples and encouraging separate bank accounts. But that creates a trust issue doesn't it? One man said, "I thought the point of marriage was oneness. How can couples become one if they keep their money separate?" Stepfamily finances are tricky. Consider all the factors, consult with a financial planner, and make a decision together.
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Ron Deal
Ron L. Deal is one of the most widely read and viewed experts on blended families in the country. He is Director of FamilyLife Blended® for FamilyLife®, founder of Smart Stepfamilies™, and the author and Consulting Editor of the Smart Stepfamily Series
In marriage, is “separate” ever okay?
Ron: In marriage, is “separate” ever okay?
Announcer: For FamilyLife Blended®, here’s Ron Deal.
Ron: A consumer magazine offered this financial advice to couples: “Consider separate accounts for your expenses that are all your own.” “All your own”? You see, they were talking to blended family couples and encouraging separate bank accounts. You know, just in case. I guess if you have trust issues you should stay separate. But that, too, creates a trust issue doesn’t it? One man said it this way. “I thought the point of marriage was oneness. How can couples become one if they keep their money separate?”
Here’s my point: Stepfamily finances are tricky. You need to take all the factors into consideration, consult with a financial planner, and make a decision together. For FamilyLife Blended, I’m Ron Deal.
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