Would you consider getting separate bank accounts?

Question

I have heard of some married couples who don't allow eachother to see their finances. They have separate bank accounts and bills.

Answer 1

My husband and I have been married for 8 years and we have a joint checking and savings account. It wouldn't feel right for us to have separate accounts. We discuss and agree upon all major purchases (cars, etc.). "What's mine is thine" works for us! =)

Answer 2

Yes, I would consider getting separate bank accounts. If the husband and wife agreed to do this. Some marry couples have only two bank accounts (1) for bills and (2) for miscellaneous things. Also, I know of a couple that have three accounts his own personal account, and the wife has hers and they do what they want with it. The other account is use for bills, children etc.

Answer 3

No, I would not. Any kind of separateness is a separation in the marriage. I've been married 20 years and never had a single problem over money. We bank together, pay bills together and make financial decisions together.

Answer 4

No, we're not even legally married yet and we share a bank account. He's better with money than I am, so we work together with it besides we feel it is part of being a loving and intimate couple. We're our own communist colony. But of course, that doesn't work for everyone.

Answer 5

After 18 years of marriage, I wish we had had separate bank accounts... my wife has some lingering resentments about the way I handled our money here & there and perhaps I would have done a better job if we had to consult every time we had to pool our funds to use "our" money...

Answer 6

I think it just depends on the couple. Sometimes one spouse will handle almost all the financial stuff, while the other one just works. Sometimes it's better for each spouse to handle their own personal finances. And sometimes, they are able to work together and have joint accounts.

I guess it just depends on what kind of people you are. You have to find out what works best in your relationship.

Answer 7

my parents each have a separate account, and they have for the past 40 years. my dad pays all the bills such as the house payment, insurance, car loans, utility bills and so on. my mom has always paid for the groceries and sporting event fees at school, clothes, and was the one to give us spending money as kids. i don't think its because they want to 'hide' the money from each other, my mom works at my dads business. so they know how much each makes. i think its about freedom and stuff. if my mom wants to go spend $1000 on clothes she can and does not have to worry about hearing my dad say she spent money and did not ask type of a thing. money was never brought up as kids. they each knew there own responsabilities and took care of them.

Answer 8

You get married to unite your lives together! Not to hide and keep things away from one another. Having two bank accounts will never make your marrige a happy one.

Answer 9

Love and money are like a couple;in the first years all is OK,but after some years it doesn't match;total divorce!!!
Then,bank accounts together in the "honeymoon" and after...in angle!!!

Answer 10

I dont think seperate accounts is necessary but I do believe the more responcible person should be in charge of the finances..one account but one "controller" of the account...atleast in my case.