Wondering about the odds that you’ll get a divorce? Just look at where you keep your money.
According to some financial experts, couples who do not pool their money and retain separate accounts are more likely to split up than those who put their money together and use joint accounts.
The reason that many couples give is that they want to be in control, and they want to be independent. While that fits well with the ideals in American culture, it may not make for a strong relationship.
“I work with many couples who prefer not pooling their money,” said one psychotherapist who works with these couples. “It really translates to the financial foundation of your life and the goals you’ve set for yourself. Couples need to decide what their joint goals will be, flesh out a plan and determine each person’s role in seeing it through. This will help strengthen your relationship. Opening a joint bank account together [can help you] work toward a shared future.”
The problem, she says, is that couples who do not share their money are not really trying to share their future. They’re keeping their futures separate and trying to control their own lives. While everyone is free to make whatever decision they think is best, this lack of a shared vision can mean that they eventually realize that they don’t want to share their lives, either, and they get a divorce.
Naturally, many couples with shared accounts also get a divorce, but it’s something to keep in mind. If you and your spouse split up, you need to know exactly what legal steps to take.