In a marriage, should all money that both the man and women possess be kept together or separate?

Question

My mother and father have a very strange situation. My dad is a CPA and does not make a ton of money, while my mom is a teacher (that is self explainatory). My dad did, however, receive a lot of money from inheritance. He keeps a separate account as well as a joint account. He does abuse this though; he is able to buy whatever he wants from his own account for himself, while leaving little in the joint account. There is a constant struggle over balancing the checkbook/ bouncing checks. Before, my mom would dump all she made into the joint account, leaving her with very little for herself. Now, she has opened her own account with the little amount she can save, but my dad bitterly wants her to put everything into the joint account. My parents have been on the brink of divorce for a long time and only have stayed together for me, and I wish to know how to understand who is at fault. THanks for any help...

Answer 1

together

If you don't truse your spouse, you shouldn't have gotten married.

Answer 2

My husband and I put our money together in a joint account and do a budget. We both have a certain amount of money that we can spend on whatever we want each month or save it for later, but it's all in the joint account.

Really you should do what you are comfortable with. If you don't really love and trust your spouse and are afraid your spouse is scum or married to someone who is abusive and controlling, like that woman who mentioned the movie Enough, then it would be a good idea to have seperate accounts to avoid such things. It would be best not to marry such a person.

Answer 3

We have 3 accounts, 1 for my boyfriend, 1 for me and 1 joint account for the house. We both put money in the joint-account and pay all the bills that are related to the house and food/drinks because that's what we use together. My car, cellphone, gym, clothes etc are my spendings so that will be collected from my own account.

We can't argue about what the other spent on clothes or whatever because that's our own money and all the bills for the house and food/drinks are paid.

Answer 4

Very much seperate. If anyone has a brain and have seen that movie Enough with Jennifer Lopez in it, they would know the answer to that. Besides that if you have to file for bankruptcy and alot of the bills are in the husband or wives name, the other spouse would lose out too in a very big way and can't pay their own personal bills because now they have to start over and things like that. Besides that who needs to feel like a child when asking for permission to take money out of the account all the time? Its just more practical to have seperate accounts. Not only the above reasons I have mentioned but because too marriages are ending in divorce and women not having jobs or having any money to support themselves on after the divorce, then they and the kids are officially screwed. So again more sense to have them seperate.

Answer 5

That totally depends on what was agreed upon prior to marriage by the mature parties involved. I like the idea of a joint account since marriage is a partnership. But both could have an allowance to use however they want, as long as it's on the up-n-up.

Answer 6

There should actually be at least three accounts. One jointly held that both contribute to in order to pay household expenses. Each should have a separate individual account to do with as each other pleases.

Optionally, a joint savings account for emergencies, and another for retirement, and another for childrens education.

Answer 7

Typically it would be a combined account where bot have share in responsibilities but as circumstances are they are preparing for seperation

Answer 8

u must have three accounts ...an two accounts for each of you and one joint account ...but each of you must decided your household priorities .....

Answer 9

In your case all money should be kept together , then to be separated.

Answer 10

if he has a seperate account, she should be able to as well