If you feel like there are more cons than pros to a joint bank account, it’s probably best to keep your finances separate. There are many couples that feel financially independent with their own checking and savings account. You might not be ready to be financially bound to your partner, and that’s okay.
Or, maybe you two are still getting to know each other and haven’t yet disclosed income, debt, or money matters.
Whatever your reason, there’s nothing wrong with keeping a separate bank account. In fact, around 28% of millennial couples choose to maintain separate checking accounts, even after marriage.
To this end, separate accounts don’t have to mean completely separate finances. With apps like Honeyfi and Honeydue, couples are able to manage their finances as a team without opening joint accounts.