(Closed) Joint bank account

posted 6 years ago in Money
  • poll: Do you have a joint account
    yes a joint account that our pay goes into AND a joint savings account : (84 votes)
    48 %
    yes a joint account that our pay goes into : (13 votes)
    7 %
    yes a joint savings but our own seperate account that our pay goes in : (43 votes)
    25 %
    neither : (34 votes)
    20 %
  • Post # 3
    Member
    4352 posts
    Honey bee
    • Wedding: August 2013

    Benefits from separate are:

    1. The other person doesn’t know exactly how you spend your money
    2. Gifts are still surprises
    3. You don’t have to guess how much is in your bank account because you’re the only one who could have spent money since the last time you checked your balance
    4. If you break up your finances should be simple to divide

    Post # 4
    Member
    2254 posts
    Buzzing bee
    • Wedding: October 2012

    We have only joint everything. For us, it worked out best this way.

    Post # 5
    Member
    2831 posts
    Sugar bee
    • Wedding: May 2014

    We don’t and I am so scared to join accounts. He is not good with his money and will be worried about our balance all the time. Once we start saving for the wedding (next few months) we will have a specific savings account for that but he probably won’t have access.

    He was never taught basic money managing skills so I am still trying to teach him. Poor BB.

    Post # 7
    Member
    3771 posts
    Honey bee
    • Wedding: August 2013 - Brookfield Zoo

    @asscherlover:  Agree with all of these!! 

    Fiance and I share a joint checking account for bills and joint expenses, and also one for wedding expenses.  I am also under one of his credit card’s which we use to accumulate mileage points (hoping to take care of honeymoon airfare!!).  We also each have our own individual checking and savings accounts, though.

    Post # 8
    Member
    189 posts
    Blushing bee
    • Wedding: November 2012

    We have joint and separate. Joint, we put most of our pay into, but we put some into our single accounts too. We use those for things that aren’t shared… Like if we go out with our friends on our own, if we want to buy some pants or something just for us. Anything shared comes out of the joint.

    Post # 9
    Member
    4070 posts
    Honey bee
    • Wedding: September 2018

    Nothing is joint yet.

    Post # 10
    Member
    652 posts
    Busy bee
    • Wedding: October 2013

    We have both – a joint account for our joint bills (rent/groceries/internet/laundry/date nights/etc) and then separate accounts for everything else. We like it since it allows us to save together but also spend to our own liking… say if SO wants to buy a new video game or I want to splurge on my 50th cardigan.

    Post # 11
    Member
    9483 posts
    Buzzing Beekeeper
    • Wedding: October 2012

    We have our own personal and a joint bank account.  No problems in the last 1.5 years.

    Post # 12
    Member
    4352 posts
    Honey bee
    • Wedding: August 2013

    @Pokemon:  I meant like if you decide you each get $100 bucks a month to spend however you want, he doesn’t know you spent it all on a pair of shoes and you don’t know that he spent all of his on video games. You know (probably because you tell each other things or live together), but its not staring at you when you look at the bill at the end of the month. It drives me nuts when my Fiance buys certain things, even if he can afford it. I think its silly. I would be way more aware of it if we had one account. For the record we are combining soon, we just haven’t gotten around to it. You asked what the benefits are so I listed the big ones. ETA: I didn’t think you were rude. I kind of assumed you would take offense to the last one more than the first since it implies you are your SO could break up.

    Post # 14
    Member
    246 posts
    Helper bee
    • Wedding: September 2012

    I have been tossing this idea around also   Initially I was afraid we would fight about money if we had a joint account, but now I am wondering if we will fight more if we don’t share money!  This is a shameless bump.  The more opinions the better!

    Post # 15
    Member
    11752 posts
    Sugar Beekeeper
    • Wedding: November 1999

    Not yet.  We’re in no rush to go there either. Our current system keeping it separate works for us (he pays mortgage and i pay the bills) and we each know generally what the other spends and how much $ they have. 

    The topic ‘Joint bank account’ is closed to new replies.

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