And while that may be true — that it doesn’t hurt him — keeping financial secrets never seems like a good idea. But that doesn’t mean it isn’t commonplace. According to a poll from earlier this year, one in five adults has spent more than $500 without telling their spouse. Meanwhile, another 6% of adult participants admitted to having a secret checking or savings account.

Separate accounts and secret spending seem like a recipe for disaster — and that’s one thing I love about keeping everything out in the open. Not that I am tempted to splurge, but I think the fact that we are totally transparent with one another makes it easier to stay on track.

via Joint Finances: Why I Share My Money With My Husband – The Simple Dollar.