How do you feel about having a joint account and putting all your money in the same account? Do you keep everything up in the open, do you feel you should have no secret for your partner about your finances if you don't trust them?
2006-09-12 05:41:22 · 16 answers · asked by Shaana 5 in Family & Relationships ➔ Other - Family & Relationships
I can tell you how we do it. We each have separate accounts, and we handle our own finances. All the accounts are set up as joint, but we each manage our own. Much simpler that way, and allows each to have some discretion in spending.
2006-09-12 05:44:01 · answer #1 · answered by Dave 4 · 0⤊ 0⤋
My husband and I have always done it that way. We discuss any purchase over $50. We don't have yours and mine. Because we are a we. If you keep everything separate it doesn't usually end with just the money and then how do you get that closeness of truly being one? We had many couple friends starting out 24 years ago, but now only 2 others are together and they both did the finances the same way. All the others have divorced. I know the trend now is to keep it all separate. If one person has spending issues and can't control it and puts the family into trouble then I would keep it separate too. But other than that reason, I wouldn't. We share everything and are still best friends. I don't know what I would do if something happened to him. Eventually you'll see its not about the money and there are so many more important things about your marriage. Good luck, hope it helped a little!
2006-09-12 12:49:09 · answer #2 · answered by buddhafuldreamer 3 · 1⤊ 0⤋
First of all I wouldn't be with someone I couldn't trust. I wouldn't even consider having a joint account with a boyfriend because there is no commitment and no laws to protect you. I'm too independent rely on someone else. I think boyfriends are for dating, not combining lives.
As for my husband & I, we have separate accounts but I do the banking for both of us and we both know exactly what each other has. The seperate account thing came from a very bad experience from my former marriage. It's just a comfort thing for me. We share all the bills, income and consult on large purchases. We transfer money between accounts if one is short. We have no secrets regarding money or anything else.
This works for us but I think different things work for different people. I think the main issue is how you both regard money and if you are spenders or savers. You both need to be on the same page regarding finances. Money is one of the top reasons people divorce.
2006-09-12 13:29:28 · answer #3 · answered by sunnyca 3 · 0⤊ 0⤋
Unless you are married, do not consider this option. When you are married...do both.
Keep an account for yourself and a joint account. Have your paycheck split between the two. This way you have some YOU money and some US money.
As far as secrets go, if that is a question to you, you should not be doing this. Even if you saw all his money, someone is only a credit card application away from you not seeing what they are up to.
2006-09-12 12:52:07 · answer #4 · answered by Morty 3 · 0⤊ 0⤋
me and my boyfriend have a joint account we both put all of our money in there and pay all of our bills with it. it is pretty much like we are married. we are a couple working to gether to make it in this world. We trust each other very much, it is us against the world. we have no secrets just love :)
I had a friend that made her boyfriend pay her back any amount of money he borrowed from her or anything if she drove him anywhere she was all like what is in it for me? thats horrible, not love at all.
I think if you dont trust your partner though you shouldnt be with them to begin with. how can you share your life (inc finances) with someone if you cant trust them? what will you do if you get married?
but if you dont trust him definetly do not open a joint account with him? its common sense. if you need to pay for something together just give each other the money.
2006-09-12 12:47:32 · answer #5 · answered by The Weed Fairy 4 · 2⤊ 1⤋
I had a joint account with my husband and I ended up getting out because he wanted to control everything I was spending money on. If they have given you reasons not to trust then let them know about it. Otherwise it's o.k. to do separate accounts.
2006-09-12 12:45:07 · answer #6 · answered by curly98 3 · 0⤊ 0⤋
I think that its ok to have a joint account but should have seperate savings account. If you cant trust them with your money then NO dont get a joint account. they need to show you that they are responsible with their money before playing with yours
2006-09-12 12:43:49 · answer #7 · answered by Ash 3 · 1⤊ 0⤋
if you don't trust them have a joint account and put some of your money in another account that he does not know about i do that ,,, but if you don't trust them why are you marrying them
2006-09-12 12:43:18 · answer #8 · answered by ndanylevich01 2 · 1⤊ 0⤋
there is no best way to do this, if you want you can have a joint account or if you want separate accounts it OK, but make sure you both are in accord in this to make sure there wont be any problems later.
2006-09-12 12:43:49 · answer #9 · answered by pay 4 · 2⤊ 0⤋
If they cant be trusted, then no, dont have a joint account.
2006-09-12 12:43:25 · answer #10 · answered by ~~ 7 · 1⤊ 0⤋