Do you support operating a joint account with your spouse?

Nigeria
January 15, 2007 5:20pm CST
In today's world,every thing is changing.This means that the world is dynamic.More and more people are finding it difficult to secure a good job.The issue of join account should not come up in a home where one of the spouses is not working,it will surely impair the relationship between the husband and wife.In case both of them are working then they can operate three accounts,one for the husband,one for the wife and the last can be joint.
11 people like this
65 responses
@spreadout (127)
• Nigeria
16 Jan 07
I support in totality a couple operating a joint account,because it has a lot of benefits: 1.It strenghtens the relationship,bcos each partner will have a say in drawing up the family budget and maintaining the budget. 2.It shows maturity and transparency which is very good in cementing a relationship
3 people like this
• United States
16 Jan 07
Even though I do not work right now I have for the past 15 years and durring that time my partner and I have our 3 accounts. I have one, he has one, and then the house has one. I have just kept my own personal account as it was already set up. We just find it easier this way. My partner has his paychecks deposited in the house account and that is how we pay our bills. Our personal accounts is where we put our own money that we do with what we want. I agree that it is very good habit to work it this way.
2 people like this
@kgwat70 (13398)
• United States
16 Jan 07
If I get married, this is how I would want our accounts to be as it gives the two people more options and the ability to pay their bills from one account and buy what they want with their own accounts. If you have just one shared account, the two could be limited to what they can busy for themselves.
• United States
16 Jan 07
I have been with my husband for four years and we have been married for only one of them. My husband and I have had a joint account for all four years. I think it is a show of faith and you have to be able to trust your partner to be able to spend the rest of your life with them. I also disagree with what you said about no joint account if you aren't both working. I was employed when we were dating and I got hurt and couldn't work but we still had a joint account and now I babysit but I don't have a nine to five job like most, my husband is a marine and we still have a joint account. I think that if you personally feel comfortable with a joint account then go for it. If you do not feel comfortable then write out a contract with your spouse just in case or have separate accounts but I know a lot of people that have joint accounts.
2 people like this
• United States
16 Jan 07
I think that if you are married things should be 50/50. I'm a stay at home mother but we have everything in both of our names.
2 people like this
• United States
16 Jan 07
I operate a joint account with my spouse. In our marriage, money that we each make is considered "our" money not "his" and hers. Other ways may work for other spouses, but we choose to make it a completely team effort!
• United States
16 Jan 07
Well i don't see nothing wrong with having a joint account, even in a household where only one is working. In a typical marriage it's usually the guy that works and the woman should stay home and take care of the house and the kids. Me and my husband have had a joint account even though we've only been married for 2 months, and it's never caused us any problems!
2 people like this
@lonewolfnan (4367)
• Canada
15 Jan 07
I am fortunate in that as a couple,we work together to increase our money.We allow ourselves an "allowance' that we can do what ever we want with AFTER all bills have been paid for the month.We both have an account in case we want to save some of that allowance,plus we have our joint one should we need it.
• United States
15 Jan 07
I believe it should be one joint account and both mates are responsable for the account there is nothing wrong with honesty in the relationship there is no need for separate accounts
@riyasam (16578)
• India
16 Jan 07
you still believe tthat.
1 person likes this
• Ireland
16 Jan 07
penny i think you are right. A relationship is about doing things together and being resposible together. One partner not being in work shouldn't be a issue. if kids are involved someone has to take care of them and the home man or woman. And before anyone comments looking after a home and children IS work and some people just cant afford to pay childcare or would be working just to pay for childcare and miss the best and most important years of their kids lifes.
1 person likes this
• United States
18 Jan 07
I agree with you 100%
• Philippines
16 Jan 07
whatever circumstance it may be, it would be much better for you and your spouse to take care, especially money matters together.
1 person likes this
@nandans (1161)
• India
16 Jan 07
i support operating a joint account whether spouse is working or non-working.. Its a kinda security and easy operatability. Rather you should nominate it also. Thanks
1 person likes this
• United States
16 Jan 07
I had a joint account with my ex-husband, but if I get remarried I will keep seperate accounts. The only reason is that it's much easier to keep track if you're the only one using it. My ex always used to overdraw the account because he'd buy things and forget to tell me.
1 person likes this
@hazeter (671)
• Philippines
16 Jan 07
it is ok to have a joint account with spouse but i think it is good also if we have our own bank account. it is easier for us to have it. And also i think it is very good to have both accounts like you have your own and also you have joint account. Atleast somehow you have private
1 person likes this
• India
16 Jan 07
Joint account with either or one operating shoule be opened. The joint accounts not only create confidence in the couples but is also convenient, especially when the spouse is travelling and there is an urgent need to operate the account. Joint accounts also are important when one of the spouses die and the other need not run helter & skelter to get authentication to operate the account. Joint accounts must be there and in addition having individual accounts may also be useful.
@wmg2006 (5386)
• United States
16 Jan 07
I have never liked a joint account even when both parties are working. It makes for nothing but arguments. It is best to split the bills and each pay for the ones they can afford. I like having my own independance and knowing I have funds at the end of the day. e\Everyone is different about finances so it works best to split everything and everyone have their own financial freedom.
1 person likes this
@burieks (127)
• Philippines
18 Jan 07
i support joint account regardless if only one partner is working. it shows maturity and trust in the relationship. my husband and i are fortunate that both of us are working and we have a joint account where we get expenses for the house and for our baby, but we also have separate accounts for things that we need to buy for ourselves.
@missyd79 (3441)
• United States
18 Jan 07
i wasz burned more then once from my ex husband with our joint account, i mean by him cleaning it out and all my checks bounce. so with that lesson learned i will never have a joint account with anyone every again.
@nehakalley4 (1919)
• United States
17 Jan 07
I dont think there should be aproblem in thisof you have trust on each other. I am on a dependent visa in US and therefore cant work here but still I have a joint account with mu husband over here in US. I didnt need it as such but I added my name too for mylot.
• United States
16 Jan 07
I am with the joint account for spouses, separate savings accounts though
@hcromer (2712)
• United States
16 Jan 07
No, at least not in my present situation. My boyfriend will not get a job and has a huge spending problem that I am expected to support. If one day he gets a truly amazing job and is making a lot more money than me, I will think about it. He has yet to earn my financial trust. I have enough fincancial problems on my own, I can't afford to take on his too.
• Canada
16 Jan 07
I like the 3 account idea. I know people who ONLY have a joint account, and I could never do that.