How to Prepare for an Impending Divorce

November 28, 2012

Marriage is not easy.  (Can I get an AMEN?)  Marriage takes a lot of work, a lot of sacrifice, and a lot of compromise.  Couples must find a way to bring two separate worlds together, and that means finding common ground on everything from having children, to where you spend Thanksgiving.  Continue reading “How to Prepare for an Impending Divorce”

Should Married Couples Have Separate Accounts?

September 19, 2012

Susan and I have been married for seventeen years, and when we were first married, we decided to pool our financial resources and have one checking account. This made sense since at the time, we shared all of our expenses. In fact, for most of our married life we have maintained a joint checking account, but several years ago, I asked Susan to open her own checking account. With all of the different inflows and outflows of money, it was getting harder and harder to keep track of how much was available at any point in time, so I asked her to open a separate account as a way for us to keep better track of how much we could spend on food, clothing, and other expenses associated with running a household of four kids on a daily basis. Continue reading “Should Married Couples Have Separate Accounts?”