Married People Question.....?

Question

Do you and your spouse have separate banking accounts?

Does it work better for you to have it that way?

Answer 1

I think it is always wise to have separate checking accounts. You can have separate accounts and have one joint account. The joint account can be the one that both of you use to pay bills the other is for your own security in case something does happen. You want to have some money built up to help yourself out.

Answer 2

Wow, I guess you asked a good question. So many answers and so different too. I'm going to go with those who say no. I would not recommend separate accounts. I have been married for 5 years now and we have one checking and one savings account. In our situation, I support us for the most part. My wife works part-time. I don't know if it would be more of a problem if we both had careers and made good money. I would still feel the same way though. Marriage means there is no more me and you, just US. You share everything including finances. What good does having a separate account have? It will only lead to arguments about who is contributing more and who needs to "borrow" money from who. That's ridiculous if you ask me. I trust my wife to spend on what she needs and the occasional want and she doesn't mind me getting myself a toy (electronics) every once in a while either. So in my opinion, one account is the way to go.

Answer 3

No, we have a joint account, and we have been happily married for a long time. I think this works best if you have never been married before, or have no children from another relationship.

Child support money, and financial problems (or benefits) from a former marriage may muddy the water. Talk to an objective professional, maybe a bank officer.

I know that for us it really works for everything, times of plenty as well as want, to be shared completely. Everyone is different, the important thing is to never be greedy toward one another.
Money can be a great divider in a marriage--good luck!!

Answer 4

Yes. A woman should always have an account in her own name. There doesn't have to be much in it but there should be some money there in case something dreadful happens and she needs it.

Things that might happen?
Divorce
Death
Hospitalization
laid off from work

I think of my account as a hidden savings account so if my husband is laid off I have enough socked away to make the house payment.

He even gave me a little extra in my allowance last month so that I could get a CD in my own name.

Marriage is a union, yes but that doesn't mean that you stop being an individual person too.

Sometimes you just want to go on that shopping spree without having to justify why you bought that ugly pair of shoes.

A checking or savings account in your own name should not be any threat to your marriage and if your hubby thinks it is he has other problems that need to be dealt with. Like insecurity, or control issues maybe.

Answer 5

No. We have joint accounts because we are married. It would not work if we had separate accounts. We both have jobs but it would be too hard to divide the bills and pay for them. It has always worked great to have one checking and one savings. All our money is direct deposited into one and I do the math. We both know how much money is in the accounts, I just get to be the lucky one to pay the bills.

Answer 6

My ex husband and I maintained separate accounts for 20 years. That was one way he got away with cheating on me for 7 months. My current spouse and I have joint accounts and I am in charge of all the bookkeeping.Live and learn!

Answer 7

We have the same account, but it could work to have separate accouts provided you also have a mutual one that the bills come out of. If you are both making the same amount of money than you could each put the same amount into the mutual account. If not, you can divide it up proportionally. If the one who makes the most money just pays all of the bills, there will be resentment like, "This is my house, I paid for it, etc." If it is coming out of a mutual account, I think it gets rid of this problem. I am the bread-winner in the house, but my husband pays the bills out of our mutual account. There are no problems.

Answer 8

I say, have two accounts. One with your spouse and one just for you. It is important for women to have something of their own, perhaps little savings somewhere. It will protect you. Many women have joint accounts, but if by any chance the relationship gets screwed down the road, there's a possiblity of his taking the funds out by himself and leaving you stranded. This has nothing to do wiht loving him or trusting him. Protect your self in whatever fashion. Ultimately, we dont know who we really are, let alone another person. But since you are married have some things joined for convenience.

Answer 9

We each have a separate checking account, and a joint savings account. We both know how much money there is and if and when the other person spends any. I think it's great. We both have money and contribute to the finances in our own separate ways, but when it comes to saving for our futures, the venture is joint.

Answer 10

I think its better to have seperate bank accounts, and pay half on everything(if you live together), except your own debt. This might sound selfish or whatever, but trust me!My bf's best friend and his g/f share their bank account and all their debt. They fight constantly and even threaten to leave each other. Money is one of the main reasons people get divorced these days. Its not that you have a trust issue in your relationship, I call it "Looking after yourself and being responsible for yourself" If fights ever arise, there will never be fights about money. My bf and I have seperate bank accounts and pay our own debt and we are happy like that, never fight about money.