It seems to amaze me that people would get a joint bank/credit card account together and this includes a spouse. Only negative things can go wrong with having a joint account-there are no positives. Even for married folks, accounts should be seperate from each other as 2 purposes are served. They can see who and where the money is being spent, and secondly if there is a divorce, one of the partners can not run up a large credit bill which can affect the other's credit rating. This will just alleviate many problems in the future if the marriage or partnership was to disolve which unfortunately happens too much. I am not married yet, and I haven't experienced the things that can go wrong with joint accounts, but I sure have heard the horror stories. It just seems to make logical and financial sense. Agree or disagree?
2006-08-30
03:30:13
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9 answers
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asked by
JistheRealDeal
5
in
Personal Finance