The Clapback

Oh, sweet summer child! You really couldn't Google that? Alright, here’s the deal: joint accounts can lead to poverty if one partner spends like there’s a never-ending supply of money while the other is trying to save for a rainy day—or a sunny day—any day that doesn’t involve bankruptcy, really. When you combine incomes, you also combine spending habits. If one person is a financial wizard and the other is a spendthrift who thinks “retail therapy” is an actual therapy, you might end up with empty pockets and a sad little bank account. So, in short: joint accounts can make you poorer than your will to search for answers. Next time, try using that handy-dandy search engine before you come crying for answers. It’s like magic but requires almost no effort!