2007-10-26 15:11:40 · 9 answers · asked by Fabo 4 in Business & Finance ➔ Personal Finance
FYI-Being married for the long haul doesn't have anything to do with checking accts! But money is one of the top reasons for divorce...
Many churches give premarital counseling programs which a section is about money. It's important for both parties to have healthy discussions and set goals both as individuals and married couple.
If ur just married, each should have their own and a joint for paying household bills and expenses. And 50/50 is not always a solution either. Depends on whether their r children from previous relationships, health, and other factors on how much to contribute to joint. Frank discussions can be beneficial for all involved. Most banks are offering free checking with no minimum balances so it's no big deal. Before u get married, u really need to get to know what each of you goals are. Know your spending habits. People who are savers will have conflict with those who are spenders. U need to find a happy median. Keeping credit card debt to a minimum. Maximizing your 401K contributions especially if your employer offers matching contributions. Have at least 4-6 mos of income in savings for emergencies. Then depending on habits, a cking acct that offers interest on balance could be a good option.
2007-10-26 15:40:06 · answer #1 · answered by Staci 4 · 0⤊ 0⤋
If you can't deal with a joint account, probably better not to be married. If one is better with money, that person can do the bills, but both names should be on the account.
By the way, having separate accounts alone is not going to necessarily mean separate property at divorce, as one other answer seems to imply.
2007-10-26 15:21:28 · answer #2 · answered by heart_and_troll 5 · 1⤊ 1⤋
I would say one joint account for the usual bills and each have there own separate account for fun money, or at least separate out some cash for each of you. That way the bills get paid and each can have some mad money that they don't have to answer to the other about.
2007-10-26 15:58:32 · answer #3 · answered by darrenwelsh429 2 · 1⤊ 0⤋
Both, if possible. My mom has a separate account from my dad because he is not good with money. It's just a good idea for both of you to have your own individual money and then have a joint account in case one of you is better with money than the other.
2007-10-26 15:22:16 · answer #4 · answered by Solomon Grundy 7 · 1⤊ 0⤋
Me and my wife have a joint account and our own account also yes it is a good thing but it is good to hide some money for yourself to
2007-10-26 15:24:25 · answer #5 · answered by shawnsecleter 2 · 1⤊ 0⤋
Getting married makes two person one. You can have joint account that is, if you have enough trust with each other.
2007-10-26 15:31:58 · answer #6 · answered by nothin! 2 · 0⤊ 1⤋
Have a joint account for bills, grocery and mortage and seperate accounts for your own spending. I did this and thank God i did, cause my husband could never save any thing. If he had money he had to spend it. This way at least I had my own money when things went bad.
2007-10-26 15:21:20 · answer #7 · answered by joy 2 · 3⤊ 0⤋
i think you should have a joint account , but also a separate one.
2007-10-26 15:22:07 · answer #8 · answered by Anonymous · 2⤊ 0⤋
Are you both in this for the long haul? Joint, of course.
2007-10-26 15:20:31 · answer #9 · answered by Computer Guy 7 · 1⤊ 1⤋