How much Should One Disclose?
By Kandase
@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
@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
@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

@RebeccasFarm (91299)
• United States
24 Apr 22
In my experience, nothing, I would not share anything anymore.
3 people like this

@RebeccasFarm (91299)
• 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
@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
@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

@ElusiveButterfly (45941)
• 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
@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


@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.

@Hildasalom (953)
• Nairobi, Kenya
24 Apr 22
You should be able to trust your patner to disclose those information.
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




@Marilynda1225 (91013)
• 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

@Marilynda1225 (91013)
• 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


@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





















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.


