DAVE RAMSEY

Dave Ramsey says: Married couples should combine finances

May 28, 2019, 11:30 AM | Updated: 9:30 pm

(Pixabay Photo)...

(Pixabay Photo)

(Pixabay Photo)

Dear Dave,

Should my husband and I combine our finances?

— Jenny

Dear Jenny,

If you want a quality marriage, the answer is yes. If you want a high probability of building wealth, the answer is yes.

I read an article the other day about how you shouldn’t rely on joint bank accounts in marriage, because half of all marriages end in divorce, and the woman needs to be independent of her husband financially, so she won’t get messed over if the marriage doesn’t last.

That’s an absolute load of crap, and here’s why.

How and where you spend your money is always a direct result of your value systems.

Jesus said it this way, “For where your treasure is, your heart will be, also.” When you plan your finances together, and you’re sharing your hopes and dreams, you’re sharing your goals for the future. You’re reaching for those together.

You each have a voice, you each have a vote, and no one loses their personal identity in this. So yes, married couples should combine their finances.

They should combine their checking accounts and their decision making on finances. You’ll make better, smarter decisions that way, and it instills communication in a marriage.

You know, when I first started teaching this stuff I didn’t realize that.

I told couples to combine their finances, not from a relational standpoint, but because it’s impractical to run two sets of books in a household.

But it’s very hard to hit the same goals and make good things happen together when you’re living separate financial lives.

Since then, I’ve become convinced this approach builds stronger finances and stronger marriages.

Marriage is grand, divorce is fifty-grand, and when you live separately you’re going to end up living separately. Combine your finances.

— Dave

ENDORSEMENTS

Dave Ramsey

Feeling unmotivated despite financial success? Discover Dave's heartfelt advice on finding and livi...

Dave Ramsey

Dave says: Here’s some advice for a financially blessed couple

Feeling unmotivated despite financial success? Discover Dave's heartfelt advice on finding and living out God's purpose beyond wealth.

2 days ago

Here are my tips for staying sane over the summer break so you and your family can get the most fun...

Rachel Cruze

Here are 5 tips for staying sane this summer as a mother

Here are my tips for staying sane over the summer break so you and your family can get the most fun and joy out of the season!

4 days ago

In this article, Dave Ramsey speaks to a college student about financial priorities. (Pexels File P...

Dave Ramsey

Dave says: If I had to sacrifice school, work or cost of living, I’d do the latter

Dave advises Will to continue living at home if it helps achieve academic goals without debt, even if it delays independence.

9 days ago

Compassion and boundaries by Dave Ramsey...

Dave Ramsey

Dave’s entre-leadership: Compassion and reasonable boundaries

Navigating waters as a new business owner can be challenging, especially when trying to discern if an employee is taking advantage of you.

11 days ago

Days says wedding worries should be last on the list of things to worry about...

Dave Ramsey

Dave says: Wedding worries and emergency fund questions

There’s no correlation whatsoever between the size and/or cost of a wedding, and the happiness and success of the marriage.

16 days ago

If you ever find yourself owing back thousands of dollars to the IRS and can't afford it, then usin...

Dave Ramsey

Dave says: It really becomes about the lesser of the two evils

If you ever find yourself owing back thousands of dollars to the IRS and can't afford it, then using a personal loan is the best route.

23 days ago

Sponsored Articles

...

Sanderson Ford

3 new rides for 3 new road trips in Arizona

It's time for the Sanderson Ford Memorial Day sale with the Mighty Fine 69 Anniversary, as Sanderson Ford turned 69 years old in May.

...

COLLINS COMFORT MASTERS

Here are 5 things Arizona residents need to know about their HVAC system

It's warming back up in the Valley, which means it's time to think about your air conditioning system's preparedness for summer.

...

DISC Desert Institute for Spine Care

Sciatica pain is treatable but surgery may be required

Sciatica pain is one of the most common ailments a person can face, and if not taken seriously, it could become one of the most harmful.

Dave Ramsey says: Married couples should combine finances