Separate Accounts?

Question

Does anyone have a separate account from their spouse as well as a joint account? I'd like to do that so I can spend money the way I want and so can he, plus at present time, there is no way for the other person to find out early...but my guy thinks it is a dumb idea and we should pool all money and never have separate accounts.
What do you do or think is best?

Answer 1

There is nothing wrong with having separate accounts for "fun" money. As long as you are both contributing into the main account for household expenses and can afford extra and especially if purchases are an issue between you.

My husband and I do not do this, but rather have a weekly budget. As long as we are both within our budget then neither of us asks the other how money was spent for the week. We tally receipts together weekly, but throw them away without discussion unless we have gone overboard.

Answer 2

Really this is a case by case decision.

My wife and I, when we started dating, each had seperate accounts. She wrote me a check for a portion of the bills every month, and I'd use the money to help us get by. (it was always MUCH less than 1/2 of the bills, as I earn more)

We kept that up, even after we married.

In the past, we'd both been the victims of our controling ex's and had no control over the money, so this let us keep control.

After 10 years of marriage, its still working, although we do have a joint savings account that we each contribute to for vacations and large purchases.

If you dont' want to pool your money, you don't have to. That way if you save some, and he spends it all, you both aren't broke until next payday.

Answer 3

When my ex-husband and I were first married, we had a joint account. I wound up getting the short end of that stick. He would question me about purchases I made for the house and how many times I went shopping (for the house and daughter, not for me) during the month. One time he didn't pay a bill of mine. I was pissed we seperated the accounts. I payed certain bills as well as he. We did this for 9 yrs until we divorced. I am currently with someone new now and we have talked about getting married. I am going to keep my account totally seperate from his. I like it that way much more. No fighting over finances that way.

Answer 4

I had a checking account when I met my husband and he had one. Since then we got a new house and opened a joint account for the payments and bills. We both still have our other accounts without the others name on. My paycheck goes into MY account, and I just transfer over SOME of the money into the joint account. When he cashes his paycheck, he gives me what we agreed on, a hundred dollars a week, and I put it into the joint account. Sure a joint account for the things split.... with the two of you adding to the pot. But, you , or both of you still need (in my opinion) your seperate accounts. And in my opinion also, he don't need to know all the money you make. I got a $1,200 bonus from work and put it into my account. Sure he knew I got one, but it was none of his business how much, and no I still haven't told him. I made an extra house payment and still put some into the joint account, but the most, went into my account.

Answer 5

I have a seperate checking and savings account as well as a seperate credit card. We do have joint accounts for every thing else but I always have maintain seperate finances and he has too. We each deposit a small portion of our paychecks in our seperate accounts and the rest goes into the joint accounts.

Answer 6

i chanced on that having a joint cost reductions account in which you the two deposit somewhat at a time works nicely, in case you do it. yet shop separate financial organisation bills no remember what. i comprehend I felt like being married is sharing each and every little thing, yet once you commence making use of up each and every of the money in the account or she starts off making use of up each and every of the money in the account, it gets complicated and can deliver approximately loads of issues. in case you are able to ruin out with it, do the separate element, it extremely defeats the objective of being married, even even though it fairly is going to shop you many fights in the long-term. I additionally think of the joint cost reductions saved my marriage, because of the fact it gave us this little infant to nourish and now we are able to apply our saved money for a trip we the two have had to take considering the fact that we've been little! spectacular.

Answer 7

My wife and I do. We have joint account to which we contrubute proportional to our incomes and use it for all payments for the family. We also have personal accounts for our own needs. I think its good because if you are to give a present to your spouse, you are not paying for it with joint account, so it could be expensive. Also, I have my own hobbies and I feel like I should pay for them with my own money.

Answer 8

Separate accounts and one joint account for bills, vacation money or whatever you both agree on.

Answer 9

We have joint accounts. To us the separate account thing is just another way of saying, "I don't trust you." If you can't trust and count on your spouse, who can you trust?

Answer 10

I don't see any problems with having separate accounts as long as you guys aren't financially struggling...it's not like you guys are married. He may be having a problem with it because he feels that your trying to hide something and that he's taken the majority of the bills.