<prompt> Human: My wife of 3 years and I both have our checks directly deposited into one joint account.I trust her, she trusts me.We always talk about any purchases above 20.She currently makes a little more money than I do every check, but In the past I have, and I might again soon. we never argue about exactly how much each of us contributes, or exactly how much each of us spends on ourselves.She has a couple credit cards in her name, I have the mortgage in mine. In the end, there is no her money or my money, only our money.Ive been told that I should set some money aside for each of us for liability reasons but no one seems to be able to explain why with any detail.Barring the messiness if we ever get a divorce, is there any other legal, or financial reason that we shouldnt be sharing all of our money?  <response>: Some couples split their finances. Some couples like you, and like me combine their finances entirely. Some do a little in between. There really isnt a right or wrong answer from a financial perspective. Its more what works for your marriage.Now with that said, we do have multiple bank accounts -- checking and savings at our primary credit union, plus a high yield online savings account. But I dont think thats what you were asking. 