Do You & Your Spouse Share All Your Bank Accounts?

Question

When my husband I got married I made more money than him and I gladly when ahead and added him to all my accounts and credit cards and shared all the money I money I made with him but now that I stay home and take care of the babies mostly he went behind my back and opened bank accounts and credit cards only in his name (I found out cause he forgot to tell them not to mail statements to our home) and doesn't share the money he makes with me. We've talked about this when I found out about it all almost a year and a half ago and at that time he still refused to have my name on any of the accounts. I just let it go since, I figure if I would have married for money in the first place, I wouldn't have married him. Money is not a big deal so of course he is still on all my accounts even though I'm not on any of his.

I was just wondering how many other married couples do not share accounts and how has it affected the marriage, if it has at all?

Answer 1

We have shared bank accounts since we became engaged, all those years ago.

It works well, because my husband stresses over payments made on time, but not money in general. I handle all of the transactions, except his personal money (lunch, etc.). As long as the lights stay on, the house and water are heated, and no one is threatening us, he is content.

I, too, had established credit and cards when we married (although he made more money). While we shared these, I did not add him, because I didn't know at the time that I would not inherit his credit (not that it was bad or anything, just unused).

All subsequent cards and accounts were joint as well.

Answer 2

My X fiance and I shared a bank account, we both had jobs. I'm a tomboy girl, so I'm not high maintenance. We both had jobs, I made about $300-$600 more take home a month then my X. Not every girl is a goldigger. We lived together. We did everything together, even worked in the same building and took breaks together. If money was spent, we were both there to see it spent. If he wanted to buy things online, he let me know first so we could both agree. It's not hard to share a bank account, you just have to be with the right person. I broke up with him and left the account to him and opened my own new one. Not like there was a lot of money in the bank, but I left whatever there was. Just make sure you aren't with a prissy high maintenance girl, those tend to be the gold diggers.

Answer 3

Whoa, the situation with you and your husband is just plain weird! My husband makes WAAAY more than I do (like, 4 or 5 times as much), and everything we have is "ours". My name is on the bank accounts. We do have separate credit cards that date back to before we were married (we got married 6 months ago), but we're going to combine those eventually, just been procrastinating. I think, separate finances can work too, but only if both spouses make a living. My feeling is that if only one spouse works, separate accounts make no sense.

Answer 4

I travel a lot, and do spend a lot of time out of town. Our main account is at a small local bank. This is where we keep the bulk of our money. However, since I do travel, I keep a separate account at a national bank so that I don't have to consistently pay ATM fees while on the road. My wife and I are on our main account, but only I am on the "travel account". She knows this, sees the statements, and I fund the travel account by pulling money from our main account.

No worries.

Answer 5

We have a joint checking account. I have a savings account in my own name, but it has money that was mine before we got married, and if we need emergency funds, it comes from there first. Since I stay home with our children, he obviously makes more money than I do, and we have just one credit card that we both are on. And hey, if he has credit cards in his own name, and doesn't keep up with them, your credit shouldn't be hurt by it.

Answer 6

Yes I did the same thing too as soon as we got married, what ever I have,i shared with him till last year when he start to joined dating site to find a friend. I asked him and he said he never done it till I got fed up with his lies, so I took his name off from my acct. even on credit card and savings. For a while he always take some money off our account without telling me, before I didn't mind but to me once is enough and two is to much so now I am better without him in my acct. and life.....just be aware on whats going on behind your back and if you can, try and see if you can remove his name off yours, for your protection..............so sorry!!

Answer 7

We share all accounts and we have agreed that we both can open a separate "play" money account if we want. However we would decide together how much gets to go in monthly.

Answer 8

I'm sorry - I was so busy staring at the curvy female torso you put on your avatar - whoever it is - that I forgot every friggin thing you just wrote.

But if that's attached to the woman in the question, she would already have every damn account number and password I ever thought up in my whole life.

H*ell I would've invented a few new passwords on accounts that don't exist just to impress her. I would've made up a fake country where the phony accounts were located. You follow?

Answer 9

After getting divorced ... the separate account is a must ... I got stuck with overdrafts, fees, paying the account off ... etc ... !

I think the best thing to do is have an account together and each of you have your own separate account ... just for your " own " reasons ... better safe than sorry ... !

Answer 10

When we got married, I was the only one who had a checking account. In the beginning, he deposited his paycheck in my account and I gave him cash when he needed it. After about 6 months, I put him on mine, but after having him overdraft our account numerous accounts, I made him take himself off of mine and open his own. I then had him give me 3/4 of his paycheck to go towards bills. He still overdrafts his own account, so there is no way I will ever put him back on mine.