Joint or Separate Accounts

[charliekilothree]

Originally Posted by Chelbe

I feel a married couple should have a joint checking & savings account as well as a separate account... no secrets involved.

I'm wit cha on that Chelbe.

[jimihaze]

Originally Posted by Chelbe

I feel a married couple should have a joint checking & savings account as well as a separate account... no secrets involved.

That is the blueprint right there. Also the bills should be done together. Meaning both parties should set down and do them together. So that each one knows what is going on.

[bEZsmile]

Originally Posted by NappilyMe

I think couples should have a joint account for finances to keep the house running,paying bills etc...personal accounts for their own savings..to pay off their own debts,personal maintenance things like that

I agree with that

[Kevin]

I agree whole heartedly with your analysis/solution

biggest problem:

there's no room for secrecy in a marriage only transparency

[RealTalk3000]

I think its best to have a Joint and Seperate account, The joint could be for bills and household, and the seperate could be for whats left of the money they have left once everything is paid off, and split 50/50. Because with the seperate account they could spend money on what they like for themselves, like deodorant, undies, shirts, pants etc..

[Kokonsa Hene]

Will be devatated to find out my wife has a secret account. She is a working mother but what she earns hardly makes a dent on the family budget. Her bank statement is addressed through me and as a matter of fact I always open it even before sending it to her and the nearest she comes to looking into it is to ask how much the bank deducted for doing nothing but invest her money for their own benefit. We hardly ever touch her finances except once in a long while when she goes shopping for those things only women know about, and kiddie toys and such stuff. We go to the grocery together and the money is picked from the bedroom locker. We never check how much money is left till we need to top it up. And for a middle class Ghanaian family we have a very modest budget, taking out fuel (which at over two and half million cedis a month to keep two cars running is really taking a big toll) and the utilities it, all comes down to less than four million cedis a month. I trust her with my everything. I believe thats the way it should be. If I ever get to know she keeps a secret account... I will in all probability consider a divorce. I will take it as serious as her having an affair!!

So from my experience, the secret is to build trust within the home and within the relationship. With that the question of keeping a joint account or separate accounts should not even arise. This is the first time I am having to think about it. And I will surely discuss it with my missus this evening and find out what she thinks. Will sure surprise her. Or will it be my turn to be in for the big surprise!!

[goodcookinmama]

Originally Posted by Chelbe

I feel a married couple should have a joint checking & savings account as well as a separate account... no secrets involved.

i ma tell ya like my mamma told me never let ya left hand know what ya right hand is doing but i agree on what you are saying if married have a joint house hold account and at the same time keep one for your self cause you never know

[robbboy2003]

This is another very good post. I think you should have a joint account and have a separate one as well. You don't have to lie about it. I think,if you have the best interests of your family or household in mind. You can't go wrong,but if you'll trying to be slick.

I mean keeping some for yourself for foolishness,it will come to light,and there will be hell to pay bar none married ,or in a relationship.

[Reesie]

Hmmm...

I think it's ok to have a joint account for household bills and such, and a separate one for personal use, however, the household bills can be paid just as well from two personal accounts. It could be a hassle having to "check in" with your spouse, telling him or her that they need to be careful with what they spend today because you just had to make a withdrawal. What if you couldn't get a hold of your spouse in enough time before they overdrew? Then there's that bounced check. I would rather keep all money separate, that way, I would know what was spent and what is left over at all times, and I don't have to worry about it being used for things it shouldn't. And should things sour, I don't have to worry about anyone running off with my loot.

[Sumyr]

Never put all of your eggs in one basket.