My bank account is a joint bank account. My wife and I both contribute. Most of our bills get paid through it. We can both use the debit card if we need to. I'm the one who keep track of it.
My wife also has her own business account because she had to make business deposits and pay business costs. It's easier to keep that stuff separate from our household stuff. She pays some of our bills through it, too, like our phone bill and a CostCo credit card that we both use for things like gas, groceries and some other things. She pays that one off every month so that there are no interest charges.
She doesn't bother looking at our joint account. I don't know anything about her business account. All I care about is keeping the bills paid. I also know where she socks away cash in my gun safe. We file a joint tax return, know each other's incomes, and know that they are just about the amount we need to stay even with our bills. We know each other's assets.
We love and trust each other, treat each other like partners in our marriage, and know that we have our mutual interests at heart. We spend extra savings on vacations and having fun together, as well as saving for emergencies and old age.
At your place in life, when you find the man of your dreams, its fine to have a joint account and you build your lives and your families together. Once you've been in the game and something went wrong and you are restarting later in life, you could have a joint account, but I would like each person to have their own personal accounts as their main accounts.
You are at the point where you are trying to build something. I am at the point where I already built it and I am not looking to build with somebody. I am looking for a companion and friend who I can have sex with too. These are entirely different narratives. For you particularly, you have all the goods to build a life and a family of your own with your husband. Just choose that man wisely. Make sure he shares your values. Very few people can survive a marriage if they come into it with different values.
Don't let your attraction direct or surpass your pragmatism. You can get what you want, based on what I know of you. You are well positioned, above and beyond 90% of women.
This is how I would want it:
- A certain percentage of our income goes into a shared joint account for bills, shared expenses, and necessities
-The rest of each of our incomes go into own own personal accounts to spend for ourselves, for gifting to each other, our own hobbies, and fun things.
Reasons:
- I want to keep my independence and don’t want someone seeing and judging what I’m spending for myself
- My parents had a joint growing up and it caused so many issues. My mom stopped working completely for 40 years, opened a ton of credit cards, spends whatever she wants, and caused a ton of debt. She also acts super dependent on my dad. I don’t want to feel dependent on a man.
-I make more money than my boyfriend because my field of work is usually in 6 figures. I like feeling independently successful and don’t want to lose that sense.
I think there should be one big joint account that you put most of your income in, then separate accounts for your personal wants. A marriage is all about team work and sharing, after all. If you don't trust your partner enough to have a join account, you shouldn't have married them in the first place. Why marry someone you don't trust with your life?
Opinion
64Opinion
Nooo it’s just for more control control control. We are so obsessed with it. I blame imperialism but I digress. In my opinion if you need help ask me.
If you already think for an instant that I could be strayed into getting greeedy, with my own money I’ll remind you; that it’d compromise my relationship, to which I hope I intentionally choose to be invested in because if I’m not then like wtf bro “like get it it together”- then I’d say that’s the beginning of the end. Trust and transparency aren’t exclusive to each other though I’d still argue both are necessary for a relationship to thrive. But if you need me to “prove or show you” after I’ve already expressed my truths then like “wth bro get it together “. Like Maya Angelou says, we gotta believe people the first time. But hey I’m the eldest of a single parent household I’m which the scarcity mindset has had its influence in my opinions surrounding money security etc. Even then just as you are not wrong I am too only just different. One love.
I think a joint account CAN be a good thing, but I'd personally rather avoid it. One person will almost always be more financially capable than their partner and the ratio of how much they put into the joint account relative to their total income will always be more. This can create toxicity in the relationship.
If a couple wants to save towards a certain goal, they should do it individually and communicate whenever they're read to move forward with the goal in mind. If one partner is willing to put in more than the other, then at least each individual choice will be their own.
Joint accounts are dangerous. One person can just withdraw everything and leave.
Yes. They are both responsible for paying for utility bills, for groceries, for emergency medical bills, especially if for their children. It is helpful for so many financial needs. It is also a good thing if each of them has their own accounts in addition a joint account, so that each can save money for personal needs and emergencies if their are marital problems. My wife and I had savings and checking accounts in various institutions. Additionally we had individual IRA accounts. I have my own profit sharing account through work. We were the survivor names on each other's accounts, which made handling the financial matters easy when she died.
Healthy marriage should have a joint account.
If they want an allowance apart they should talk it through after having an established budget and also having money set aside for savings and then they get their own allowance.
If one spouse doesn't work outside the house then they should be working just as hard and long inside the house, maintaining and cleaning as the job worker does outside the house.
Cooperative effort, not one working their ass off every day and the one in the house watching TV or gossiping all day.
I agree that a marriage/married/engaged couple should have a joint account for multiple reasons, some of which are for emergencies, to keep track of total spending, and/or for use for the family. I also believe that both husband and wife should have their own, smaller but separate, accounts for their own purposes and to hide the buying of gifts. Some banks, I'm not sure if all do this, allow you to have another person on your account (s) for emergency purposes and for parents to monitor kids spending. My father was on my first checking account and my mother was on the savings account when I started back in high school and was leaving for college. It helped to have them on the accounts when things got hectic and I needed a small deposit between loan disbursements.
I believe that a couple should have multiple bank accounts for different purposes. A joint checking account for bill paying (rent, utilities, groceries etc). Then individual checking accounts for frivolous things like hobbies or entertainment that is not shared between them. Then a joint savings account for saving up for things like a new car or a house. I would probably go with separate retirement accounts since few married couples are the exact same age and age plays a role in when one can access such an account.
A joint account is easier especially when you have kids.
if you both say earn $60k a year but have separate accounts, who pays for the kids stuff?
who gets their Christmas presents, or is it like splitting a meal bill and transfer the missing money to the other partner…
we also have a few different ones.
even our daughter had an account from when she was born.
Yes I agree with you when you're in love with somebody I mean that's what it's all about trust and respect you there to build each other to love each other to make each other grow not to take from each other that's part of the Bond that's just a very beautiful part of a relationship is that trust and respect
Yes. I also learned the hard way that a higher income earner or someone with the potential to earn a lot should have a separate account for inherited wealth or a significant portion of what was saved prior to the marriage unless protected by a prenuptial agreement.
Always had one with my wife. I earned the money, she paid the bills. It worked out great, right up until she died and I had no fucking clue who we owed, how much we owed. I spent two months sorting through her filing system, as good as it was, to see who had been paid off, who we still owed to. Yes, you should have a joint account, but both of you should be actively involved in how it's used.
All marriage really is a piece of paper telling government worlds your married! And a cost about over $20,000 for the lawyer to tear that piece of paper on the photo 🙄
Yeah my wife wanted to wait for marriage until we started doing it. It was a long 18 months waiting for her to turn 16 for her to be finally be the legal age for marriage but traditional courting gave us the chance to get to know each other. I swear on our wedding night when we tried consummate it I was so horny I prematurely ejaculated all over her bridal lingerie just kissing her before I could even take her panties off and go to town on her wet pussy. Been a great 3 years though, she's expecting our first child.
They should have A joint bank account, yes. But it shouldn't be their only account. People are still individuals, and they should still have the right to do what they want with their own money. What if my wife wants to go to Subway for lunch? Or what if she wants to buy a cute T-shirt? She shouldn't have to run that by me first.
I want to be able to have three accounts. 1 account strictly for me and 1 strictly for her. We do not know each others business. And 1 joint account where we add money into like a pot to take care of joint responsibilities such house, food, kids and so on.
If they want to sure if not thats fine too. As for myself when I get married; we will have 3 accounts.. his personal, my personal, joint... Money for joint bills (house, car, animals, food) in the joint account but our own accounts for our own shit like our phones, clothing, personal car items, credit cards.. I think is the best solution
I don’t like the concept of Joined bank accounts. The way I see it, if I was able to afford a life before he came into the picture, what changes. So we got a bigger house.. a family. Spilt costs. Why does it have to be coming out of one account. I know myself, I like to spend on things that make me happy but I’m also good at budgeting. Recipe for disaster if he thinks I’ve got over budget and assumes I’ve spent some of his money.
I believe that their is no right or wrong answer to this question and what I believe should not matter to them. They should communicate and agree what works best for them and be ok with changing if it doesn't.
It depends on the couple. Me and my husband have always share accounts but we are good at managing money together. For couples where one might be a crazy spender then a joint account wouldn't work out.
If I found out that someone was a crazy spender, I wouldn't even marry them. Lol
@Jamie05rhs yeah same here. My husband does have times where he is careless about spending like isn't paying attention to prices and that drives me nuts. Couldn't ever deal with someone that gets crazy and careless about money
@Apple1996. Yeah. I'm a "fascist" when it comes to prices. Lol. I absolutely refuse to buy anything that isn't discounted. A lot of people get annoyed with me because of it. (For example: "When are you going to get a haircut?". "Well, as soon as I finish researching the barber shops in the area and checking to see who has the lowest price."). But it's totally worth it, because I always end up saving tons of money on everything. Like, hundreds of dollars cumulatively.
@Jamie05rhs I dont blame you cause it does save a lot of money to put a little research into getting the best deal. I've been extreme couponing for years and it really does pay off in the end. Certain things are still splurge items though but most household and food things I will only buy if I get a good deal.
@Apple1996 Amen, sister.
Nope. you believe wrong, then.
Not only is your thinking silly from a tax, savings, and budgeting point of view, but also from an individual point of view.
You both may be married, but you still have individual lives to lead and not everything needs to be scrutinised by the other. Also, in this day and age of internet banking you can send money to each other without even getting out of bed.
My wife and I don't have one but we both work and get compensated quite well. I think we might be tempted more in that direction if we had children.
Our arrangement is that the bulk of the bills that affect us both are charged on my account. I don't mind since it was my idea to purchase our house and I don't spend money that often except on little things like snacks and beer. She tends to be more of a shopper so she uses her own money for most of those things. Yet it doesn't really matter so much to me when we spend whether it's coming from my account or hers. We share a lot. We just lack the joint account because we never bothered with it. We lived together before marriage and after marriage, we just sort of kept things the same way.
I don't think anyone "should" necessarily have anything. People should do what they want. That being said, I plan to have a joint bank account, as I think it yields a feeling of unity and togetherness, among other (possibly subtle) psychology/social benefits.
I personally think they do, because being married is kind of like being on a team and you two need to work together in order to succeed, especially when they have children. Also, I don't think in a marriage you should keep things from each other.
I refuse to do a joint. But if i give in, it’ll strictly be for bills. Other than that, i prefer separate. I’m not even a fan of banks tbh
I agree , I wouldn’t marry someone I didn’t trust , I consider her a partner , so my money is her money , vice versa
I would not do such a thing because I like managing my money, investing and such. I do not know how to reconcile that with a joint account.
But that's something the couple should decide as a team.
Yes, but the husband should also protect his assets and excess earning by depositing in an account in his parents name or buying gold and/or silver that he stores at his parents so his wife is unware of it.
I think they should have separate accounts, amd maybe an additional joint account for some things. Neither should have the ability to clean the other out though. Marriage vows or not, people are not that trustworthy.
If she’s rich joint accounts & if she’s poor separate accounts.
Yes, they should have it for paying bills and other things. If they want each can also have one in just their own name for other purposes.
Have a joint account for joint expenses, and separate accounts for personal expenses. Decide how much each will contribute to the joint account. What's left is personal and may be spent as desired. This prevents a lot of silly arguments.
It's honestly up to them. I like the idea of having a joint account for bills, loans etc but own account for themselves.
Joint for the household expenses, personal for personal matters
No, I would just do bank transfers when me and her need to help eachother.
I believe when you are married you are a team so joint bank accounts are essential.
when your married you do share everything with that person and i would agree you should have no secrets and there is no reason to have separate money in my opinion.
Yes but they should also keep their individual ones.
I do when you marry it all becomes a joint life together so the bank shouldn't be any different.
I'm not sure why you need a joint account for that. I've always maintained a separate account and if my partner needs money I just make a transfer to her account. Pretty easy really.
No, I do not believe that a married couple should have a joint bank account. This leads to arguments over money, which ultimately ends up in divorce.
Ideologically yes, but with how the world is going, no
I believe they should have joints but for bank accounts those should be separate.
I think so as well. They can help each other and consult each other and save together.
Absolutely not, they should be splitting the bills and payments accordingly. But never have a joint bank account. My hard earned money is my, yours is yours. There won't be any communistic behavior in my house
I have a shopping addiction, I spend all my money. I'm happy my SO had a separate account.
(I'm currently working on the addition)
I'm glad you're working on it. 👍
Yes, you’re married so your finances should be combined. You’re in a joint relationship. Everything should work together to be part of that relationship.
One joint bank account, and one separate account for both spouse’s personal use.
Particularly when one is poor at handling their money responsibly.
That would be a yes from me. Especially if one has bad credit. Also good to keep a separate account for credit scores.
I agree that a joint account would be best. Having separate accounts would make it feel like a business arrangement. But I am sure there are couples that could justify having separate accounts
It makes things easier when you share mortgages and such. But my wife still has her old personal account which is fine. It doesn’t bother me, why should it bother me? I’m fine……….
Bad idea, a recipe for disaster. Each person has different spending styles.
Bill should be split based on income. 60% household income pays 60% of bill... both has separate and then a joint. Assets should be split same upon divorce.
If you believe and loyal to each other
then only otherwise not
I totally agree. My wife and I have had a joint account since we have been married.
Totally agree, we've had a joint account since day one, and that was 47 years ago.
Joint account is fine but if the woman is a Gold digger she will empty it in weeks
My wife and I started sharing a bank account after about a year of dating
No... It's dumb. Like you already don't trust each other and will question each over. I'm good. I'd question her if we shared.
Depending on how stable they are. If I am married, why not
If you're both working no but if only one person is working then yes
I believe they should have both
You can also add your opinion below!
Girl's Behavior 
Guy's Behavior 
Flirting 
Dating 
Relationships 
Fashion & Beauty 
Health & Fitness 
Marriage & Weddings 
Shopping & Gifts 
Technology & Internet 
Break Up & Divorce 
Education & Career 
Entertainment & Arts 
Family & Friends 
Food & Beverage 
Hobbies & Leisure 
Other 
Religion & Spirituality 
Society & Politics 
Sports 
Travel 
Trending & News 
