Should a husband and wife share a bank account or keep their accounts seperate?

Answer 1

It depends on the couple. Some like to share, some don't.

Answer 2

I think it depends....If the husband is the sole bread winner then yes....If he is on child support, then I say no because if he deviates from paying his obligation, then they will freeze any accounts/assets with his name on it and take the money....

If you are a little insecure then get an account together and have one seperate for rainy days or if you need to leave if the marriage fails...You always have to be one step ahead as nothing is promised...I have seen so many people where the man turns his mid 30's or 40's and wants to relive his childhood and cleans the bank account or someone is lax and not responsible then no...

It's all based on TRUST....Can you trust that the other person will not do anything wrong or being an impulse spender without checking with your other half?

Answer 3

My husband and I share a bank account,the bills,etc. I don't see how couples can keep it separate, that would just confuse the hell out of me,we share our bed why not everything else.I know a lot of couples that do keep everything separate,but this would never work for us.We have 3 kids,how would you decide who has to buy for who and so on.Now if you don't trust the other person with money then that is a different story,but my husband and I have been living like this (sharing bank,etc.) for 10 years now.

Answer 4

We have separate accounts, and sometimes it's a good thing, and sometimes it causes problems. When there is a big bill that we both created or partook in, most of the time it can only be paid with one credit card, so then it becomes a problem. But I never have to ask permission for money, or account for where MY money went. It depends I guess on if both people work, like we do, or how well each person handles their money.

Answer 5

I think at the beginning of a marriage, the bank accounts should be kept separate until you really learn how well the other person handles their money. It's also always a good idea to have one joint account for bills, but to both have their own bank account for savings

Answer 6

It depends on the individuals and the type of relationship they want to have with each other. I think if both parties are responsible and trustworthy, which hopefully you looked at before you got married, it creates a much closer partnership to share accounts. But good communication and trust is necessary for this to work. I also think that secretly putting some aside for yourself as one person suggested is cheating and dishonest, there is nothing wrong with having some of your own spending cash, but there must be some lack of trust by you with the other person if you feel you need to do it in secret.

Answer 7

I told my husband before we were even engaged (during a playful conversation) that i wouldn't marry him if he didn't want a joint checking account. Yes, sometimes either party may take advantage of this. Believe me, i worked at a bank on a military base during a year long iraq deployment. It wasn't pretty. But it's all about trust to me, and if you can't trust the person enough to have a bank account with them, then you shouldn't be married in the first place

Answer 8

A couple should maintain a joint "house" account and completely seperate accounts. This just makes life easier, IMHO. A woman can have more independence and freedom if she does not have to account for all of her money, purchases, etc. to her husband.

Answer 9

Personally, we have chosen to share. It was easier for our situation to combine our income into one checking account. Whenever either one of us makes a purchase with our bank card or a withdrawal, we'll save the receipt and record it in the register when we get home. Its has become habit so its not hard to keep track. This has worked for us, but may not work for others.

Answer 10

My father & mother (my parents ) always shared a bank account and still do. I think most married couples do. I am single so I have my separate bank account. But it is upto the couple.

Answer 11

We have two accounts, they are both joint accounts, my pay goes into one account and his pay goes into the other. His pay is used for all the household bills, mine is used for groceries and minor household expenses, and is in keeping with how much each of us gets paid. I spend more money than him, but I am only spending the money I earned and he is fine with that.

I think every couple has to work out a system that works best for themselves, according to how much they paid, what their spending habits are, who's in charge of making sure the bills get paid. I don't think it matters whether you have joint accounts or individual accounts, as long as you have a system that works for you both.