Joint or Separate Accounts

[Corals]

According to statistics, the number one problem in many marriages is money, and many marriages end due to such. Because money is a measureable commodity that could be the reason why it causes so much disagreements.

Many are opening up secret accounts unknown to their partner. We know that marriage is a partnership, but when it comes to money many feel their need financial freedom.

Should couples have separate or joint accounts?

Is it important to have independence and your own money?

What are your thoughts?

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It sounds extreme and sneeky to go to the lengths of opening a secret account. They should be a joint account for the major items and household expenses and each could have a separate account for their own personal use.

[MilitantWombMan]

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

[AdriansMommy]

I dont think Id be happy if I found out about a secret account. Its deceitful to me, and u cant have a marriage survive with underlying deceit. At the same time, how could it really be secret, with mail coming to the house as far as bank statements go and such. I think there should be a joint account for household items as well, and seperate accounts for your personal use, divide the extra money up after everything has been taken care of in the household. That way I cant mess up my mate, and he cant mess up me when it comes to spending money.

[MilitantWombMan]

Originally Posted by AdriansMommy

I dont think Id be happy if I found out about a secret account. Its deceitful to me, and u cant have a marriage survive with underlying deceit. At the same time, how could it really be secret, with mail coming to the house as far as bank statements go and such. I think there should be a joint account for household items as well, and seperate accounts for your personal use, divide the extra money up after everything has been taken care of in the household. That way I cant mess up my mate, and he cant mess up me when it comes to spending money.

You wouldnt have to keep it in secret at all....the other account

[Chelbe]

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

[MilitantWombMan]

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.

My sentiments exactly

[HoOdPrInCe]

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

Agreeee! 100%

[naskiecenye]

I would have seperate accounts just because im not married now and the seperate ones we have now are fine. When i need his money i can take his atm card and get it and when he needs money he can do the same. (of course after asking) And it works for us. We dont hide money from eachother and when we want to do something like vacationing we use what we have together

[saraphen]

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

That's the way Tinkertoy and I do it.

In my first marriage, we had all the money in one account, and I managed everything. That worked for us.

I know couples who divide up the bills, husband pays certain things, the wife pays other things. It works for some people.

Regardless of how you do it, there has to be trust. Don't marry somebody that you can't trust with your money, your health, your life, your future.

[Sess20]

Im Not Married So I Don't Know Anything About This But Im Not Shocked