My friend is getting married and she is giving up her peronal bank account and is just going to have a joint one with her husband. I told her that she needs to still have her own (independence and freedom to do what she wants with the money she earns) as well as a joint one for bills ect... Who on here has just a joint one and one of their own plus a joint? And why or why not do you think each person should keep a personal account?
2006-11-05 18:16:40 · 13 answers · asked by Anonymous in Family & Relationships ➔ Marriage & Divorce
My husband and I both have our own separate savings and checking acct as well as one joint acct we both contribute money to as we're both employed. All the household bills and mortgage payments are taken out of the joint acct. Personal spending is taken out of our own accts.
The reason ours is set up this way is because my husband is the bigger spender between us two and we want to have emergency money for "just in case" as u never know if something will come up. This was an agreed upon arrangement prior to getting married.
2006-11-05 18:20:38 · answer #1 · answered by cheetah7 6 · 0⤊ 0⤋
I agree ....Yes joint accounts for bill's, weekly expenditures gas groceries, etc... she & he should still maintain their own lil nest egg as life does not stop due to marriage what if there is no prenup and the 2 split whatever the case or even better what if no issues in the marriage arise and there is a need for a family emergancy one would feel so relieved that they had the stash to secure someone from detriment. The 2 should be able to amicably spend there own as needed or save whatever as long as there is a joint savings the two maintqain as well for the families future needs.
I know as a woman I like the sweet lil unexpected yet exceptional gifts I do not have to worry about paying for as I like to spoil mine as well.
If the two are a honest and caring supportive couple this should not be an issue. Good Luck I recommend highly communicating.
2006-11-05 19:23:51 · answer #2 · answered by Chi-Girli 3 · 0⤊ 0⤋
Once you get married, it's only natural to want to have a joint account. It makes running of the household easier, plain and simple. There should be no reason for mistrust, so no need to have a separate account for your friend. She will not have the money she earns all to herself, that isn't fair. Money goes into the joint account from both spouses, then they decide how to budget it for bills, etc.
I think having a separate personal account is just silly.
2006-11-05 23:39:25 · answer #3 · answered by Lydia 7 · 0⤊ 0⤋
marriage usually means joint acct. However if she wants to keep a seperate acct in just her name and put a little in at a time just in case of emergency then that is fine. However what we do is also what my sister and brother in law do we have one acct and since we r not rich just middle class we dont have lots of extra money we take turns when the bills r paid then I get to buy something I want and then next check he gets something he wants however he usually puts himself off so me and our daughter get stuff first. So when he actually does want something he gets it. But marriage is a 2 person relationship sharing everything so there is nothing wrong with a joint acct.You have to remember when she gets married yes she will still be her own person but she will be having to share everything it's not just about her anymore to spend her money on things she wants that is part of marriage. Sounds like she understands this and truly loves and trusts her soon to be husband.
2006-11-05 21:57:35 · answer #4 · answered by hubbys2ndbest2000 2 · 0⤊ 0⤋
I only have my own checking account. Since some of the bills are in my name and some are in my fiance's name, I just deposit the money for the bills in my name into my checking account, and he does the same for his. But I do think it would be a good idea to have both a joint and an individual account so that there would be less confusion. It's also important to have an individual one so that you have total control over your money, I think.
2006-11-05 18:24:58 · answer #5 · answered by Persephone 6 · 0⤊ 0⤋
I don't have a joint bank account, I use my own, and my b/f uses his own, if we need to buy something we put half the money in and pay between us. I earn more than he does, so I pay for a few more things than he does, but we both contribute equally to the running of the household and shopping.
2006-11-05 22:15:46 · answer #6 · answered by sparkleythings_4you 7 · 0⤊ 0⤋
Well for the past 21 years my wife and I have had a joint account and things have worked great. For others separate accounts is works for them. Let them sort out for themselves what they need.
2006-11-05 18:45:11 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Being married we had 3 accounts: one joint, one for him and one for myself. Having your own account protects you and definitely gives you financial independence. You never know what the future holds and it's best to be prepared.
2006-11-05 18:28:48 · answer #8 · answered by mergirl 4 · 0⤊ 0⤋
married man here-we have a joint account-nothing more-and it works great for us(12 years married)
2006-11-05 18:26:44 · answer #9 · answered by J M 1 · 0⤊ 0⤋
My husband and I have all accts. joint, I think that's the way it aught to be when you're married!
2006-11-05 18:41:22 · answer #10 · answered by lookn2cjc 6 · 0⤊ 1⤋