When should we share a bank account?

If you're reading this, you're probably getting close to marriage AND you're thinking about your finances... congrats!

As a new couple, seeing your names together on a bank statement is one of the coolest feelings ever. For us, it seemed like a very tangible way to express our union.

Soooo... when should you share a bank account?

Before we answer that, let's talk about when you shouldn't share an account. Don't share a bank account when you're dating or engaged. Pretty simple, right? Combining your money and finances while you're dating or engaged provides a level of commitment and "oneness" that was intended for marriage.

Mark 10:6-9 says, "But at the beginning of creation God ‘made them male and female. For this reason a man will leave his father and mother and be united to his wife, and the two will become one flesh. ’So they are no longer two, but one flesh. Therefore what God has joined together, let no one separate."

This passage is obviously talking about marriage. When we take steps to become and behave as "one" before we're married, we end up operating outside of the way God designed marriage. This concept applies to bank accounts, sex, living together, and more.

Now, for the reason you're here: when should we share a bank account? Your money becomes "one" as soon as you say "I do," but banks require a bit longer. We recommend getting her name changed first (if you're going to do that), and then merging your accounts. If possible, take care of this as soon as possible after the wedding and honeymoon.

Have money questions? Shoot us a DM on Instagram at @loveyourfirstyear

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