Is it necessary to know our bank balance to her .
2007-03-15 19:28:11 · 23 answers · asked by nana274592003 1 in Family & Relationships ➔ Marriage & Divorce
You should have a joint account to pay the bills, spend on groceries, entertainment, child costs, etc. However, I think it's important for each person to have their own accounts so they have money to spend as they want without reservations and without censure. What I think is necessary to make me happy isn't necessarily what my husband thinks is important, but it's my money so he lets me do as I please. I feel the same way about his personal account.
Do you realize that should something happen to you and you died unless your wife's name is on the account or at least on the signature card she can't cash or withdraw any money? How would you expect her and your kids if you had any to survive until the will was probated?
Why would you not want her to know the balance--are you hiding something from her--a girlfriend/gambling debts/purchases of illegal substances? Wouldn't you be suspicious if she did this to you?
2007-03-15 19:48:10 · answer #1 · answered by goldie 6 · 1⤊ 0⤋
yes, she should know everything about the household finances. If something should happen to you she should be able to take over w/o a problem. Same goes for husband if wife takes care of the bookkeeping. I know several couples where one spouse kept everything a secret and the other had to take over during a sudden illness and death.One man I know could never tell his wife that they owed $30,000 in back taxes. He died of cancer and would have had plenty of time but didn't want to see her upset. It's also helpful for an older child in the family as they can see what the family can really afford and how money has to be spent wisely. Sounds like someone at your house has secrets but that is never wise. Good Luck and Good Bless
2007-03-16 02:39:44 · answer #2 · answered by moonrose777 4 · 1⤊ 0⤋
Your wife doesn't know your bank balance? Is it a joint account? Are the credit cards, the house, etc., all in your name with her name as the joint holder. Because, if it is, if something should happen to you, she will be stumbling around in the dark. Worse, if you die, your credit rating dies with you. I'm guessing you truly love her so, I have to ask what kind of situation you are planning on leaving her in if you should die tomorrow? Clueless and open to the financial consultant/sharks of the world, or well taken care of and grateful to you for loving her enough to care what will happen to her when you are gone?
I believed my husband was being "the man" of the house when all the credit cards and bank accounts were off limits to me. When he was gone I found out his credit was no longer my credit and I wasn't even on the bank account. In short, I was left with nothing. No credit, no money, no home. If you love her, give her more than nothing. Especially if you aren't planning on living forever.
2007-03-16 02:47:06 · answer #3 · answered by Anonymous · 1⤊ 0⤋
OK let me ask you something if you were hit by a car and killed or seriously injured tomorrow and you could not take care of things do you think you wife would need to know the bank balance to take care of things? Besides she is your wife not your child.
2007-03-16 02:46:20 · answer #4 · answered by tabby_tigger 2 · 2⤊ 0⤋
Yes! Marriage is a partnership, and finances should be open and communicated. That's how you build a strong marriage and a family. Not letting your spouse know about your bank balance is alarming, it says to me you might have trust and control issues in the relationship.
2007-03-16 02:33:37 · answer #5 · answered by Kaylin 2 · 2⤊ 0⤋
Yes. She is your other half. And, besides that, if anything were to happen to you (severe illness or death) she needs to know. Is her name on the account? If not, why not? Are you a controller, or just trying to hide something in case of divorce, or mega bucks you have in there,?Let her know, and she should be on the account, so in case of emergency, she has access to the money to pay the bills while you may be incapacitated, or dead. Wouldn't you like to know if it was reversed? Or, let her have her own account, that you contribute to each paycheck-like at least $100 bucks each payday. That way, she has money for herself. You both need to have a budget, and stick to it.
2007-03-16 03:22:24 · answer #6 · answered by SAK 6 · 0⤊ 0⤋
I would think so given that she is your wife. Do you know her bank balance?
2007-03-16 02:33:06 · answer #7 · answered by Narelle T 2 · 1⤊ 0⤋
If she is your wife she should know your bank balance...in the event one of you files for divorce she is going to find out anyway...finanical disclosure in a divorce is the law.
2007-03-16 02:38:06 · answer #8 · answered by Anonymous · 1⤊ 0⤋
When you marry you do not have your own bank account everything is shared that includes money that is why there is joint accounts. You should never keep secrets from your wife especially when it is about finances.
2007-03-16 02:33:21 · answer #9 · answered by Livinrawguy 7 · 1⤊ 0⤋
one sentence SHE IS YOUR WIFE
okay with that being said, you and her decided to spend the rest of your life together why would you not want her to know how much money you all have in your account. That seems secretive to me and will lead to issues, I balance our checkbook and both of us know exactly how much is in there and how much we can spend and how much we need for bills and such. If she wants to know it then let her know it, some women don't want to be included in financial issues, some do.
2007-03-16 02:31:36 · answer #10 · answered by Hawaiisweetie 3 · 1⤊ 0⤋