Andersonville, Bucktown, Chicago Buyers, Chicago Mortgage's, Chicago Real Estate, Chicagoland Sellers, DePaul, East Village, Fun Chicago stuff, Gold Coast, Greektown, Lakeview, Lincoln Park, Lincoln Square, Loop, North Center, Old Irving, Old Town, Ravenswood, River North, River West, Roscoe Village, South Loop, Streeterville, Ukrainian Village, Uptown, West Loop, West Town, Wicker Park, Wrigleyville

Should Joint Homeowners Keep Separate Bank Accounts?

When you own a home with a spouse or partner, the issue of what’s mine, what’s yours, and what’s ours can be a divisive one.

Each household has its own money management methodology and, according to financial talk-show host Suze Orman, most leave significant room for improvement.

In this 4-minute piece aired on NBC’s The Today Show, Orman talks about co-managing finances with topics including:

• How to determine how much money goes into a “personal” spending account versus a “family” spending account


• The importance of both parties taking an active role in bill-paying


• How to manage the money when one partner doesn’t earn an income

Being aware of money is the first step towards protecting it.