How much Should One Disclose?

@Kandae11 (57233)
April 23, 2022 8:20pm CST
I heard the story of a man who almost fainted when he found out that the person he was paying rent to was actually his wife.! Many married couples hold joint accounts and are aware of each other's financial status- but there are others who are left in the dark. When couples enter into marriage , should they have personal accounts and assets that their spouse knows nothing about? Would doing that indicate that the marriage isn't quite solid and there is a lack of trust? What do you think? Is it a good idea to disclose one's full financial status? Pixabay image
26 people like this
25 responses
@LadyDuck (502148)
• Italy
24 Apr 22
For us was joint account as soon as we got married and we have no secrets. Secrets spoil a marriage.
5 people like this
@Kandae11 (57233)
24 Apr 22
Especially when they are eventually revealed.
2 people like this
@LadyDuck (502148)
• Italy
24 Apr 22
@Kandae11 - I could understand that if the couple had separate jobs, they could decide to have two accounts and to keep their salaries separated. That does not means that the other had not to know.
2 people like this
@ptrikha_2 (49753)
• India
24 Apr 22
This can seem like a fairly simple but there could be factors like trust and how each partner approaches the Finances. But yes the case you told about was still shocking and I am not able to make out why the husband couldn't know that he was paying the rent to wife. Well that is life. Plus the saying : Fact is stranger than Fiction.
4 people like this
@Kandae11 (57233)
24 Apr 22
It seems she was into real estate, owned a number of properties and had secret accounts. He did find out eventually.
3 people like this
@ptrikha_2 (49753)
• India
24 Apr 22
@Kandae11 Well if it was that complicated then definitely it would have taken time to figure out.
2 people like this
@allknowing (153544)
• India
24 Apr 22
It should be joint account with either or. Why should a wife or husband hide their financial activity?
2 people like this
@ptrikha_2 (49753)
• India
24 Apr 22
@Kandae11 And there could be cases where wives are too much into spending and Husbands won't be comfortable sharing all details!
3 people like this
@allknowing (153544)
• India
24 Apr 22
@Kandae11 I am referring to couples that have total trust in each other.
2 people like this
@Kandae11 (57233)
24 Apr 22
I hear some women saying they feel more secure when there is money put away that the husband doesn't know about. Seems like those women are unsure of the husband's commitment.
3 people like this
@RebeccasFarm (91299)
• United States
24 Apr 22
In my experience, nothing, I would not share anything anymore.
3 people like this
• United States
24 Apr 22
@Kandae11 Well that is true Kandase. I am glad I do not have that worry anymore.
2 people like this
@Kandae11 (57233)
24 Apr 22
In some cases, couples share then things go wrong and one party ends up with nothing.
2 people like this
@Kandae11 (57233)
24 Apr 22
@RebeccasFarm Sometimes its less stressful being on one's own, doing things one's own way without fear of repercussions.
2 people like this
@1creekgirl (44560)
• United States
24 Apr 22
Financial disclosure is a must before marriage. Some people do well having separate bank accounts after marriage, but we've always had a combined account. But we do have our own personal stash to spend as we like.
3 people like this
@Kandae11 (57233)
24 Apr 22
There could be a joint account, but as you say, it is also necessary to have a personal stash to spend as you like.
1 person likes this
@Babino (5756)
• Morocco
24 Apr 22
I'm not comfortable with having a joined account. I think both partners should give the same percentage of their salaries to contribute in the house stuff.. but they're free to do whatever they want with the rest of their money. It's not about secrecy but it's privacy !!
2 people like this
@Kandae11 (57233)
24 Apr 22
I see what you mean. A decision should be made about who should pay which bill - each contributing to the upkeep of the household. What is left is yours to spend anyway you desire.
2 people like this
@Kandae11 (57233)
24 Apr 22
@Babino That would depend on the circumstances. Personally, there are some passwords l would not want to share.
1 person likes this
@Babino (5756)
• Morocco
24 Apr 22
@Kandae11 yeah !! I like privacy .. I'm not hiding anything you can check whenever you want but still .. some things are mine and some things are yours. What you think about couples sharing passwords and stuff ?
2 people like this
• United States
24 Apr 22
My husband and I have separate accounts. But we both know what amounts we have in those accounts and where they are kept.
2 people like this
@Kandae11 (57233)
24 Apr 22
There shouldn't be any problem there.
2 people like this
@snowy22315 (208746)
• United States
24 Apr 22
When you marry you should fully trust your spouse, otherwise why bother? I would think sharing and full disclosure comes with the territory.
2 people like this
@snowy22315 (208746)
• United States
24 Apr 22
@Kandae11 I think it depends in part on the length of the relationship and how well you know the person. Some people dont have a dishonest or witholding bone in their whole body.
2 people like this
@Kandae11 (57233)
24 Apr 22
@snowy22315 That's true.
2 people like this
@Kandae11 (57233)
24 Apr 22
Some want to fully trust, but there is always that little voice in one's head saying "be careful".
2 people like this
@sjvg1976 (42727)
• Delhi, India
24 Apr 22
Yes, when you are married your partner should know the financial status each other. It doesn't matter if they have a joint bank account or not but they should know.
2 people like this
@Kandae11 (57233)
24 Apr 22
That is the way it should be, but some couples can be secretive about some things.
1 person likes this
@jstory07 (148701)
• Roseburg, Oregon
24 Apr 22
He should not have to pay rent to his wife. He should have told him the house was their's they were married after all.
2 people like this
@Kandae11 (57233)
24 Apr 22
It seems she had properties he knew nothing about when they got married. - and she did not enlighten him.
2 people like this
@NJChicaa (127116)
• United States
24 Apr 22
I absolutely would not be in a long-term relationship let alone marry someone who kept separate finances and the details secret. Hell no.
2 people like this
@ptrikha_2 (49753)
• India
24 Apr 22
@Kandae11 But things could be different in India. Often girls marry from houses where they are used to be totally away from financial matters and often they are dependent on their husbands or fathers for things like Bank Accounts, Tax filing etc. My sister is still dependent on our father for many financial matters. So was my mother and to some extent my wife too. I think women folks should themselves make efforts to be more financially aware and know how to operate things. And things could be even worse for Rural womenfolks, although there is a gradual change. Yet on another extreme was the case of one of my uncle. His wife asked about all his accounts after marriage and instructed him not to spend a single penny without her knowing about it. I won't have such extremity of Controlling as well !!
2 people like this
@ptrikha_2 (49753)
• India
24 Apr 22
@Kandae11 Yes there are divergences and so we cannot compare two different scenarios.
@Kandae11 (57233)
24 Apr 22
If l knew about it l won't marry him either.
1 person likes this
• Nairobi, Kenya
24 Apr 22
You should be able to trust your patner to disclose those information.
2 people like this
@Kandae11 (57233)
24 Apr 22
I think so too.
2 people like this
@Sojourn (13833)
• India
24 Apr 22
Not much of a problem with the women in my country. Majority of them here don't even know how much their husband earns, let alone having a joint account.
2 people like this
@ptrikha_2 (49753)
• India
24 Apr 22
@Sojourn Yes you are right. In some cases, it can be a joint decision making process but yes often it is not joint.
2 people like this
@Kandae11 (57233)
24 Apr 22
I understand.
2 people like this
@CarolDM (203396)
• Nashville, Tennessee
24 Apr 22
Many opinions on this one, as it should be. We are all different and have personal reasons for the way we want a relationship. We should all live and learn for sure. Trust is so very important. Without it, I don't see a strong bond existing.
2 people like this
@Kandae11 (57233)
24 Apr 22
It is awful when trust is betrayed, but we can't go through life not trusting anyone.Like you say - we should live and learn.
2 people like this
@CarolDM (203396)
• Nashville, Tennessee
24 Apr 22
@Kandae11 Exactly. No situation is perfect. But without trust I am skeptical.
1 person likes this
@dodo19 (48119)
• Beaconsfield, Quebec
25 Apr 22
My husband and I have our own individual accounts, but we do consider it our money, whether it's in his or my account. We do talk about money.
1 person likes this
@dodo19 (48119)
• Beaconsfield, Quebec
26 Apr 22
@Kandae11 Yup basically. It falls on both of us.
@Kandae11 (57233)
25 Apr 22
I think that is the best way of handling it. You both decide how you will share the household expenses.
1 person likes this
@much2say (57760)
• Los Angeles, California
25 Apr 22
Oh my, was that a true story? Neither of us had that kind of money to hide so we never had that kind of problem. I do think if you fully trust each other, then there is nothing to hide - even about financial status.
1 person likes this
@much2say (57760)
• Los Angeles, California
26 Apr 22
@Kandae11 That is perhaps true of many celebrity types - the rich and famous anyway.
@Kandae11 (57233)
26 Apr 22
It all depends on a person's mindset. For some , money is their main focus and they will do anything to get it and keep it.
1 person likes this
• United States
25 Apr 22
Things are very different these days since 99% both partners work. Back in the "old days" when I got married I quit my job and my husband worked and did all the banking etc. It was my "job" to raise the kids. Today I would do things differently and would probably continue to work and earn my own salary. I do think it's important to discuss finances before marriage and hopefully you'll both be on the same page when it comes to money.
1 person likes this
• United States
25 Apr 22
@Kandae11 Women have come so far these days it's hard to remember that we basically left finances to the husbands
1 person likes this
@Kandae11 (57233)
25 Apr 22
@Marilynda1225 True. Things have changed so much that we have stay at home dads - while mom goes out to work.
@Kandae11 (57233)
25 Apr 22
Good advice. Some couples neglect to discuss their finances before they get married. If both work and bring home a salary, then both should contribute to the upkeep of the household.. True, back in the day less women were a part of the work force and earning their own salaries.
1 person likes this
@TheHorse (238268)
• Walnut Creek, California
24 Apr 22
I would think so. I tend to be pretty honest when it comes to money.
1 person likes this
@TheHorse (238268)
• Walnut Creek, California
24 Apr 22
@Kandae11 I agree. I sleep well.
1 person likes this
@Kandae11 (57233)
24 Apr 22
Honesty is the best policy- at least you will have a clear conscience and not have to worry about any secrets being revealed.
1 person likes this
@Kandae11 (57233)
25 Apr 22
@TheHorse Thank you .
@db20747 (43419)
• Washington, District Of Columbia
24 Apr 22
some things you can leave off. As long as joint accounts are kept open and full with money for use. If money was acguired before marriage, the spouse does not need to know everything. When they see money they many times want to control it. And money should not be the reason for break up of a marriage
1 person likes this
@db20747 (43419)
• Washington, District Of Columbia
24 Apr 22
@Kandae11 this is true, I look at the actress Dorothy dandridge. Her husband got hold of her money and she went from 2 million to 2 dollars in the bank.
1 person likes this
@Kandae11 (57233)
24 Apr 22
I agree, money and assets acquired before the marriage should not be squabbled over. If the owner of those assets wishes to disclose them , fine, if not - they are his or hers to do with as he or she sees fit.
1 person likes this
@db20747 (43419)
• Washington, District Of Columbia
24 Apr 22
@Kandae11 4got to add, now that if you get a divorce then you will have to know, you have to give your wife something. Especially if she has much less money than you.
1 person likes this
@porwest (112717)
• United States
26 Apr 22
I think one person should be in charge of all the finances in a marriage, and of course that should be left to the one who is most knowledgeable and responsible with money. In our house I control all of the finances.
1 person likes this
@Kandae11 (57233)
26 Apr 22
Please don't tell me your wife has to ask you for money whenever she wants to go shopping.!
1 person likes this
@porwest (112717)
• United States
26 Apr 22
@Kandae11 No. She doesn't. But, there are of course limits.
1 person likes this