Getting a bank account together?

Question

When a couple gets married should they get an bank account together? I have the point of view that yes, they should get a joint checking account but have seperate savings accounts. My partner thinks we should both maintain our individual accounts since we both had them before we got together.

Answer 1

I would keep the accounts you had as single people,but possibly open one to have to pay the household bills,that way you both still have your own money but also both are paying the bills for the utilities,house payment/rent,groceries,etc.

Answer 2

okie, in my opinion, when couples get married they should have a joint account whether it is savings or checking account. If you both trust each other it shouldn't be a problem. YOu both will be working, both of your moneys will go into the same account and when it is time to write bills that money will be gone from the same account. For ex: My parents have a joint acccount in savings and checking acct. together. Like my dad has said, if couples are married they should have a joint acct. if not then its like having a roomate in the house each person pays for their own and each person is on their own. Few weeks ago, I found out my 26 yr. old coworker who has been married w/ her husband for 5 yrs w/ 2 children has separate accounts ever since they have been married. Each person pays their own part when its the rent and bills. Her husband asks her for her part of the bills and rent each month. In my coworkers situation, does this seem like they are married or are roomates?? My coworker does not trust her husband. I don't even know why she's still with him but that guy has problems. But honey, its all up to you guys and how you want it. This is both of your decisions.

Answer 3

You should maintain your separate accounts, but get one joint account. The joint account should be used to pay household (joint) bills while the other accounts should be maintained for personal bills. Decide on an amount of money that each of you should put in the joint account. This should be a percentage of your incomes--not a dollar amount.

IF anything goes wrong then you'll both have your separate accounts to fall back on.

Answer 4

It is a matter of trust.

If your getting married you should trust each other enough to have a joint checking account.

If he has trust issues then open a joint account and you both put money in it for bills. When he feels secure enough that your not going to run off with all the cash the close your personal accounts.

Answer 5

I don't think it's about trust...it's about what works for you as a couple. My husband and I have a joint checking and savings for paying bills, etc...but we both kept our personal checking and savings accounts for personal spending. We each put in the same percent of our income into the joint account so we're contributing the same.

Answer 6

Yes they should have a joint account for paying the bills they create together (house payments, household bills, groceries, children's needs) They should also maintain seperate personal accounts for their own personal spendatures.

Answer 7

If you open a joint bank account.....use it for paying the bills and your cost of living you each contribute as you decide...50/50 whatever! Keep your seperate accounts. That's what my husband and I did when we got married!

Good Luck!

Answer 8

If your partner can't budget money, don't open a joint account with them. Keep the individual savings accounts.

Answer 9

Sadly I've heard a lot of cases where a spouse took off with all of the others saving/checking money. I feel as though they should have one account together- stictly for bills. Then they can have seperate savings accounts.

Answer 10

I'm a firm believer in separate checking accounts, that's the only way to go. I wouldn't have a joint again with anyone , I got burned on that with my husband and it sure not fun to put payroll check in the bank and checks starts bouncing and you haven't written any checks.