Should married couples merge their incomes and have one joint account? Financial expert Dave Ramsey seems to think so. But it’s a controversial topic, and not everyone agrees. In a TikTok video that’s since garnered thousands of views, Ramsey says money shouldn’t be a ‘me’ thing, it should be a ‘we’ thing. The expert says that sharing equally can only lead to a stronger, healthier marriage that is built on trust, teamwork, and accountability.
The guru was responding to a woman who wanted to know whether money should be shared equally even if one spouse earns more than the other. “You’re married. You’re not roommates!” Ramsey replied. And while some people welcomed his words, others were quick to point out that this kind of financial advice can backfire. Bored Panda spoke to WalletHub‘s financial writer and analyst Chip Lupo for his take on the matter.