How many bank accounts should a dually employed, married couple have?
By missjts
@missjts (8)
United States
May 14, 2007 10:01pm CST
Do you believe in couples having their own bank accounts? How do your finances work? Is there a joint and 2 individual accounts? Do you think there is harm in having individual accounts?
6 responses
@shannon76 (1232)
• United States
15 May 07
My husband and I only have a joint account. We don't believe it would be a good for us (or anyone) to have seperate accounts - it only causes tension, especially if one of the parties involved has more money then the other. For example, I am a stay at home mom. What if we had two accounts? Should my husband get more money then me because he is working outside the home? Not at all. I take care of the baby, cook, clean and on top of that, I work from home part-time. Should I get to save all the money I earn and horde it? Absolutley not. What's his is our's and what's mine is our's. We are "one flesh". As a married couple we no longer have seperate anything and that's the way it should be in my opinion. =)
@missjts (8)
• United States
16 May 07
A part of me agrees with you. Having one joint account and being "one flesh" is what was discussed during our premarital counseling. However, we have very different spending habits and this concerns us both. As it stands now, we have 3 accounts but I do understand your, and our pastor's, point.
@Lauraleigh99 (4718)
• United States
15 May 07
My hubby and I have our own accounts. It works good for us. Then all we do is split the bills down the middle and each pay our half. That way I can use my extra money for things i want and he can use his extra money for whatever he wants
@Marie2473 (8512)
• Sweden
16 May 07
We have one joined account and also one savingsaccount and we are not even married yet=) This is something that works great for us. We have never ahd a fight over money and I doubt that we ever will.
@noyida (795)
• Singapore
15 May 07
Why not?. It is better to have an individual account for safety reason. You can have a joint account for those household bills. Say like payment for insurance premiums for both, house repayment and other stuff that relate to your life as a couple. To have a personal account is to safe guard yourself. Especially if you are working and earning with your own hard work. At least you can save money and be ready should anything happen to the relationship. Think about it... normally 2 people who are passionately in love want to share everything, but have some personal thing yourself to protect or safeguard urself if the love turns to hate..hopefully it will never happen to you.
@sallyxu126 (1184)
• China
15 May 07
I am not married now,but I think 3 is good.
we should have our own one and a joint one.
then we can spend our own money in our own account and save some money for our futher in the joint one.
it is good for each of us, I think.
and now, we don't have a joint one as we don't get married now.
I hope I can have this asap .
what about you ? missjts?
@jmespinosa82 (498)
• United States
15 May 07
My husband and I have a joint account and we actually shared this account about 6 months before we even got married. It really does work better for us we tried the you pay this and I pay that thing when we first moved in together but it just didn't make sense because we were living together. We share everything else so why not accounts. I think a lot of people that do have seperate accounts have doubts about their marriage because they are trying to "play it safe" in case something happens. I think some people might be insecure about their relationship. I have a POA over my husbands accounts that are in his name only because I handle all of our finances and it works for us. Some people it don't but for us it does. Plus too my parents shared accounts until this day still and the same for my mother in law and father in law.
