Re: Joint or separate accounts?

ROMARY · ‎04-28-2010

Yes, seniorcitizen! Finances must be discussed before marriage. Even if one is going to marry someone with tons of money. I know, it would be taking a chance, 'rocking the boat', but nobody wants to be controlled and/or 'out in the dark' regarding marital finances.

'More or less', 'Right or wrong', 'In general', and 'Just thinking out loud ' (as usual).

Oostende · ‎03-14-2010

When we married, we were 22 and 26.

Everything we have, we earned together. We have shared our lives, our children, our pain, our joy, and everything else that has come our way.

When we married, we always saw ourselves joining something bigger than either of us individually. Our marriage and our family enjoin our strengths together, to become a whole, that is greater than the sum of either of us individually.

We own everything jointly. Money is no exception. We are a team. We've been married 28 years and it works for us.

Marienkaefer2 · ‎03-09-2010

I think.it depends upon the individuals, and also the age you were married, etc. I can see people who get married when they are in their 20s and just starting out having a different view than than.those who.get married later. For example, I was in my 30s, had a career and had built my own.house. When.people have had more time to.build up.their individual assets and live independent of another person, then they probably see it differently. I agree with Ford. Joint for household, separate for personal.

If you have a garden and a library, you have everything you need.--Marcus Tullius Cicero

HisElk · ‎09-30-2012

On 2/21/2015 tansy said:
On 2/21/2015 lulu2 said:
On 2/21/2015 tansy said:
Back 43 years ago we opened up a joint account. I don't even remember discussing the possibility of separate accounts.

Logistically, it seems easier to reach agreed upon financial goals if the money's in one pot. For whatever reason we don't argue about money.

We've been married almost 44 years and money has never been an issue between us.

I've always been the person who wrote the checks and paid the bills. Periodically I'll write out all information about our accounts and go over it with my husband. I fear if I die first, he won't have a clue what to do.

LOL. I quiz my husband periodically to make sure he knows where all of the accounts are located. He's much better at math than I am but I was always the one interested in handling the money and investing.

LOL, tansy, we have that in common.

ROMARY · ‎04-28-2010

I believe that the situation that Steve Harvey's guest were in was about each of the spouses spending way too much money, heavily in debt, etc. I don't recall 'for sure'), but in this instance, Steve's idea regarding four accounts seemed like a good idea at the time. The audience seemed rather impressed, too. Well, a 'different path' was in order for this particular couple.

'More or less', 'Right or wrong', 'In general', and 'Just thinking out loud ' (as usual).

LilacTree · ‎03-25-2012

On 2/21/2015 Oostende said:
When we married, we were 22 and 26.

Everything we have, we earned together. We have shared our lives, our children, our pain, our joy, and everything else that has come our way.

When we married, we always saw ourselves joining something bigger than either of us individually. Our marriage and our family enjoin our strengths together, to become a whole, that is greater than the sum of either of us individually.

We own everything jointly. Money is no exception. We are a team. We've been married 28 years and it works for us.

Did you ever work outside of the home?

Formerly Ford1224
We must always take sides. Neutrality helps the oppressor, never the victim. Silence encourages the tormentor, never the tormented. Elie Wiesel 1986

muttmom · ‎11-28-2012

Joint

I remember how exciting it was getting our first set of checks and savings passbook with both our names on it.

Other than a Christmas club, there was never a reason for us to have separate accounts.

I'm another wife who has always taken care of the bills and I quiz my husband on finances.

september · ‎03-09-2010

We have joint, as well as separate, accounts.

goodstuff · ‎03-09-2010

All our accounts are joint. We're married, and we make money decisions for our joint life and joint household together. Always have. This has worked well for us for 39 years now, as we're always aware of what's happening with our money and share knowledge and responsibility for it. We meet with our financial advisors together, too. Joint accounts won't work if you don't trust each other, or if one of you is controlling, deceitful, secretive, or irresponsible. In which case you have bigger, broader problems than how you set up your financial accounts, anyhow. If you and your marriage partner can't trust one another with money, how can you trust one another with anything else?