- My Forums
- Tiger Rant
- LSU Score Board
- LSU Recruiting
- SEC Rant
- SEC Score Board
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Married couples and joint/separate bank accounts
Posted on 2/13/16 at 8:17 pm
Posted on 2/13/16 at 8:17 pm
My friend and I were discussing this a couple weeks back and he was very firm in his belief that a joint bank account was the only way to go because it was an affirmation of unity and trust as a couple, and that anything else was undermining the concept of trust and love that you married each other for in the first place.
I countered with the fact that we're just human at the end of the day, and that i've seen plenty of marriages on the verge of being on the rocks by virtue of chronic monetary disagreements..how to handle x money, why is he/she spending this money when we agreed on this, why should he/she be allotted this amount of money, etc. I hypothetically proposed that if I as the main source of income for my household, I would arrange an allotment of money be given to my wife for paying a certain amount of bills--be it the phone/car payments and groceries..or similar. A fair amount proportioned based on the amount that she was contributing but also giving her a small amount to spend each week if she was taking care of kids at home, etc.
I feel like separate bank accounts do not undermine my trust for my wife and only further add to the peace of mind and respect for one another as adults that we. Much like any prenuptial agreement, it is only "insurance" and takes a lot of the headache out of budgeting.
Maybe I am thinking about it the wrong way..Would like to hear your input
I countered with the fact that we're just human at the end of the day, and that i've seen plenty of marriages on the verge of being on the rocks by virtue of chronic monetary disagreements..how to handle x money, why is he/she spending this money when we agreed on this, why should he/she be allotted this amount of money, etc. I hypothetically proposed that if I as the main source of income for my household, I would arrange an allotment of money be given to my wife for paying a certain amount of bills--be it the phone/car payments and groceries..or similar. A fair amount proportioned based on the amount that she was contributing but also giving her a small amount to spend each week if she was taking care of kids at home, etc.
I feel like separate bank accounts do not undermine my trust for my wife and only further add to the peace of mind and respect for one another as adults that we. Much like any prenuptial agreement, it is only "insurance" and takes a lot of the headache out of budgeting.
Maybe I am thinking about it the wrong way..Would like to hear your input
Posted on 2/13/16 at 8:28 pm to Mullet Flap
Sounds like marriage might not be the way for you
Posted on 2/13/16 at 8:33 pm to Tigerpaw123
Not at the moment anyway
Posted on 2/13/16 at 8:37 pm to Mullet Flap
If you have similar income, I don't see how it would be an issue to have separate accounts
Posted on 2/13/16 at 8:42 pm to Mullet Flap
You do whatever is right for your marriage.
I could have gone either way.
Marry someone who is self-sufficient and not a moron (and you do the same), and it will most likely work out for you.
I could have gone either way.
Marry someone who is self-sufficient and not a moron (and you do the same), and it will most likely work out for you.
Posted on 2/13/16 at 8:45 pm to Teddy Ruxpin
I have known many couples with separate checking accounts.
They are all divorced.
They are all divorced.
Posted on 2/13/16 at 8:48 pm to Mullet Flap
We have joint accounts. We have lots of discussion and some disagreements. That's part of being married - you just work through it.
Posted on 2/13/16 at 9:13 pm to matthew25
quote:
I have known many couples with separate checking accounts.
They are all divorced.
Sounds like they should have chosen better mates.
I have a joint account with my wife. I just remain unmoved by personal observations such as that
This post was edited on 2/13/16 at 9:15 pm
Posted on 2/13/16 at 9:14 pm to matthew25
You're friends must be idiots like yourself
Posted on 2/13/16 at 9:15 pm to Teddy Ruxpin
Joint checking accounts?
You need separate accounts.
You need separate accounts.
Posted on 2/13/16 at 9:17 pm to fatboydave
quote:
Joint checking accounts?
You need separate accounts.
Maybe we should. My point is that you should decide what is best for YOUR marriage.
It is none of my business how you do your checking accounts. I disagreed with the poster above that the fact his anecdotes included people with separate accounts meant anything.
I think it really doesn't matter how you do as long as it is the best decision for your marriage and more importantly, you choose the right mate to begin with.
Choosing the right mate is the most important decision you can make.
This post was edited on 2/13/16 at 9:19 pm
Posted on 2/13/16 at 9:18 pm to Mullet Flap
All your stuff is each other's when married. Doesn't matter if it's separate
Do separate accounts but make sure you can see everything
Then divide up bills
But have a budget and plan
Do separate accounts but make sure you can see everything
Then divide up bills
But have a budget and plan
Posted on 2/13/16 at 9:34 pm to HailToTheChiz
Wife and I have separate checking accounts and credit cards. Somehow we are married after 10 years...:eyeroll:
Posted on 2/13/16 at 9:38 pm to Mullet Flap
Money disputes are one of the leading causes of divorce but that fight is going to happen whether the money is in one account or two. Marry someone who you can trust. Marry someone whose values mirror yours. Marry someone who doesn't spend more than they can afford on bullshite. Beyond that, who cares? My wife and I have separate checking accounts because we don't care to combine them and all spending goes on our Amex anyway.
This post was edited on 2/13/16 at 9:42 pm
Posted on 2/13/16 at 9:45 pm to Mullet Flap
We have a joint account to pay for joint expenses (bills, grocery, gas, etc), and a separate account to pay for personal items (basically an allowance account). It works for us, because we basically split our disposable income every month. We also have a joint savings.
Posted on 2/13/16 at 9:56 pm to HailToTheChiz
quote:
All your stuff is each other's when married. Doesn't matter if it's separate
Do separate accounts but make sure you can see everything
Then divide up bills
But have a budget and plan
Sound like quite a hassle to me.
Posted on 2/13/16 at 10:33 pm to Mullet Flap
Best solution I've ever heard and it works incredibly well for us...
Have a single "house account" where both the husband and wife's paychecks go into. Each have their own personal allowance account. Every month, both the husband and wife get a spend allowance automatically transferred out of the house account into their spend account. This allowance account is for when I want to buy guns/fishing stuff and she wants to buy purses/clothes. Everything else gets paid out of the house account (bills, gas, groceries, entertainment that includes the both of us, vacations, dinners, etc).
Neither of us can get mad at the other for buying something one of us thinks is stupid since we have our own personal allowance.
Have a single "house account" where both the husband and wife's paychecks go into. Each have their own personal allowance account. Every month, both the husband and wife get a spend allowance automatically transferred out of the house account into their spend account. This allowance account is for when I want to buy guns/fishing stuff and she wants to buy purses/clothes. Everything else gets paid out of the house account (bills, gas, groceries, entertainment that includes the both of us, vacations, dinners, etc).
Neither of us can get mad at the other for buying something one of us thinks is stupid since we have our own personal allowance.
Posted on 2/13/16 at 11:27 pm to HailToTheChiz
quote:
All your stuff is each other's when married. Doesn't matter if it's separate
Do separate accounts but make sure you can see everything
Then divide up bills
But have a budget and plan
I agree with this completely. I just see separate accounts and each person being responsible for an allotment of bills and/or extraneous needs each month while having the comfort of knowing that it's our money.. to be more flexible and taking a bit of hassle out of the process by leaving it up to the individual to fulfill their obligation without the need to convene as much during the month.
Sorry, maybe I'm not explaining it in as much a transparent manner as I'd have liked
Posted on 2/13/16 at 11:29 pm to Epic Cajun
quote:
We have a joint account to pay for joint expenses (bills, grocery, gas, etc), and a separate account to pay for personal items (basically an allowance account). It works for us, because we basically split our disposable income every month. We also have a joint savings.
Good plan, it sounds like
Popular
Back to top
Follow TigerDroppings for LSU Football News