Personal finance: Married and sharing … or not
News from Pioneer Press:

By Kristi G. Barlette
Albany Times Union

The Husband and I had a great meal – with phenomenal service – on New Year’s Eve. When talking with an acquaintance about our evening, he asked who paid.

“Huh,” I said, thinking he believed some restaurant angel came in and picked up the tab.

“Who paid? You or (The Husband),” asked Mark.

“We’re married. So it doesn’t really matter anymore.”

Not true – it’s 2011 and couples should not share finances, explained Mark, who has been married more than a decade. It leads to checking account confusion.

No married-and-sharing couple I know has complained of “confusion” (most have a policy that if they are going to spend more than X-amount, they run it by their spouse), and The Husband and I haven’t had that issue, but married couples sharing an account – or not – was a hot topic on the Times Union’s On the Edge blog earlier this month.

Thousands read the post and hundreds commented.

Claims of “trust issues” were made regarding couples who opt not to combine finances, while others said the “what’s mine is mine and what’s yours is yours” approach is more modern and works best.

The method makes for a better budgeting system, they say, and prevents arguments over what the other may consider a “frivolous” purchase.

Some couples even talked about how the…………… continues on Pioneer Press

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Related News:

Personal Finance: Bank Transfer Day saw 600000 switch
News from Reuters:

Protestors supporting International Bank Transfer Day demonstrate before the premiere of the new film ”A Very Harold & Kumar 3D Christmas” in Hollywood November 2, 2011.

Credit: Reuters/Fred Prouser

NEW YORK | Fri Jan 27, 2012 2:12pm EST

NEW YORK (Reuters) – More than 600,000 U.S. consumers have moved their money from big banks to community banks or credit unions, thanks to the much-publicized Bank Transfer Day last fall, according to an analysis released by Javelin Strategy & Research.

The grassroots campaign to get people to shift out of big banks capitalized on the nationwide Occupy Wall Street movement, and picked up further momentum from a Bank of America plan in September to charge customers a $ 5 per month debit card fee. After the bank dropped this plan ahead of Bank Transfer Day on November 5,…………… continues on Reuters

… Read the full article

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