What to know before you co-mingle money

GRAND RAPIDS, Mich. (WOTV) - Worried about meshing your money with your spouse.  Our expert explains what you need to know about combining finances.

More and more women are earning as much or more than their husbands.  The old school of thought is that if two people are married they should keep their money together, but today you want to think twice before you co-mingle your incomes. 

Here's what to know.  Any money you put in a joint account will be considered a marital asset of both parties if their should be a divorce.  The alternative is to transfer money into a joint account as needed or sign up for online bill paying. 

With online banking it is easy and that way you can both contribute and still keep your assets separate.   

If you're looking for advice about divorce and finances contact DAWN-Attorney's for Women.