my husband and i have just one account where all our savings go into
2006-06-23 03:57:57 · 11 answers · asked by minny 2 in Family & Relationships ➔ Marriage & Divorce
i meant to say do you think its wise to keep a joint account with your spouse
2006-06-23 03:59:35 · update #1
My and my fi have ours like this
Joint Checking- bills
Joint Saving- for our wedding and house repairs.
He has another checking
and I have another saving account.
Both of us put 75-85% of what we make in the joint account.
I don't think it really matters if it's a checking or saving but you should have a little money put aside for you.
I had friends who just went to see a $ planner and he told them the same thing. It helps you save and spend wisely plus gives you a little Independence.
2006-06-23 04:05:30 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Well I'm married too me and my honey keeps one joint for savings and then our own checking account. Just have the bank take money out monthly for savings and pay bills with the checking account. You should always have some type of back up plan because honey men these days drop wives like it's nothing. Whatever he can't pay I pick up vice versa it works and holds all the money talk down. You should defiantly get you a separate account so you can feel secure and know that hey well I got this save so if all go wrong. DON"T TELL HIM. WHAT HE DON"T KNOW WANT HURT.
2006-06-23 08:50:53 · answer #2 · answered by mona75243 4 · 0⤊ 0⤋
Yes, but it isn't a bad idea to also keep one that isn't. In most states, everything you own belongs equally to you both, but this isn't true in all state. However, if it is joint held, you know where it is and both have access to it.
While I hope it is never an issue, there are times when it really a good thing to have your own emergency stash. If one of you dies, joint accounts will be frozen for a bit, until the state sorts out ownership. Having your own account will keep you from being frozen out with no money. Plus, God forbid your marriage were to falter, some people will drain the bank accounts first or right aftwards. Technically it is half yours, but if the cash is gone, good luck getting it back!
So keep a few thousand in your own name, just for emergencies.
2006-06-23 04:21:34 · answer #3 · answered by Lori A 6 · 0⤊ 0⤋
Yes, but keep a secret savings account for any emergency YOU may encounter in the future like he leaving you or when you need to leave him . The joint account is for your family expenses etc. Do squirrel money into your savings account. However if he is faithful ,and you and he are in financial trouble, do take out your savings to safe both of you. If all is fine, continue to save for yourself and keep it a secret. Many a woman have found that they can't leave when their marriage break down because their money is kept by the husband and they themselves are penniless!!!!!! Don't put yourself in this vulnerable position.It's not wise.
2006-06-23 05:17:34 · answer #4 · answered by Anonymous · 0⤊ 0⤋
I have found that its alright to have a joint account for checking to pay the bills you have together. However, I am a firm believer that each of you should have your own personal accounts whether they are savings or checking. As fast as marriages can end you both should protect yourselves. This should be decided before marriage. Afterall marriage is also a financial contract as much as it is a relationship of love.
2006-06-23 04:48:25 · answer #5 · answered by Rosie 2 · 0⤊ 0⤋
Hell to the naw!!! you need to have 3 accounts; Yours , Hers/His and a household account for bills and stuff, that way things won't get sticky especially if the other person spends money like crazy.
2006-06-23 05:52:36 · answer #6 · answered by taushadoll 2 · 0⤊ 0⤋
Do whatever works for the two of you. Doesn't matter as long as it works. The last thing you need is fights about money
2006-06-23 04:15:29 · answer #7 · answered by Carp 5 · 0⤊ 0⤋
yes i think its wise. i mean u are married and shud share everything lol....that way u can both have access to it..before me and mine had it they wudnt let me do anything with his im like but we have the same last name and he gave me permission lol it was rough.....i think it just shows ur trust in each other.
2006-06-23 04:07:28 · answer #8 · answered by ♥ YaHabibeDisney ♥ 5 · 0⤊ 0⤋
Yes I do, if you can not trust each other, do you really love each other. If you dont trust your partner no way should you be married.
2006-06-23 04:03:18 · answer #9 · answered by deardaveuk 2 · 0⤊ 0⤋
If you trust him - yes, makes sense, you are in "everything" together. If you don't trust him - then you need to divorce his axx.
2006-06-23 04:03:58 · answer #10 · answered by Anonymous · 0⤊ 0⤋