When you’re living with someone, from your partner to mates, a joint account might seem like a sensible option for splitting shared costs. And once you’re married you might be tempted to take things further and pool all your finances in the same account.
I’ve taken a look at the good and the bad when it comes to joint accounts, including how to make sure opening one doesn’t hit your credit report and why it’s vital you keep some money separate.
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Further reading
> My guide to the best current account switching offers and incentives
My wife and I have joint bank accounts this has money from our separate accounts go into it via a standing order every month. This is the money to pay the mortgage and bills. Any personal bills are kept separate in our own accounts. I think like you say if you keep some money separate this makes more sense.