Is It a Good Idea to Put Money in a Joint Account and Two Separate Individual Accounts?

Ashley and Charles are in their early forties and have been married for six years. Together, they have five children from previous relationships. They live in a high-cost-of-living area—but, collectively, they earn over half a million dollars per year.

Because of Charles's investments and stock options, their income feels erratic, and Ashley is having a hard time making sense of it all. Ashley needs a better understanding of the family's finances to feel more at ease with their future, but a serious lack of transparency stands in the way.

Have you ever felt like your partner was hiding something from you? Something big? And how long can two people stick it out when something as basic as trust is an ongoing issue? 

This is a huge job. Ashley and Charles have a lot to work on, but nothing is impossible. I'm going to help them simplify their money, so they can stop worrying about their spending and start envisioning a Rich Life.

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If you and your partner have a money issue and you want my help, I occasionally select a couple to work with, free of charge. Apply for my help here.

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