'Do you have a joint bank account?' poll discussion

ForumName_2

Married people who dont have a joint account are living with the wrong partner.

Marriage = Sharing.

sk240

ForumName wrote: »

Married people who dont have a joint account are living with the wrong partner.

Marriage = Sharing.

I dont think this is the case, certainly in my circumstance my partner is not very good with managing money.
If we were to have a joint account we would be broke!
Not all people are equal looking after money im afraid

dorsetlady

When I was married everything (belongings and money) was shared and we had joint current and savings accounts. Now I am living with my partner (and have been for eight years) and everything is separate. His money and belongings are his and mine are my own. I find living with someone is completely different to being married - when I was married if my husband bought something like a new camera it was ours but when my partner buys one it's his!

tattycath

Married separate bank accounts.
I disagree that if your married you shlould always have joint accounts-what if one of you has been made bankrupt-before getting married? or what if one of you is being hounded by the CSA for your bank statements? The CSA have no right to know what an NRPs partner/spouse is earning.
We have separate accounts but both share bills and spends-If i need more money one month a transfer is made into my account and if my spouse is short one month I will reciprocate etc etc.

puffinmuffin

Engaged and co-habiting but we don't have a joint account. This has nothing to do with the state of the relationship but because he has a default on his credit record ffom a while ago so i am unwilling to be financially linked to him until that is cleared (next year)

soccermom

Married and bank accounts are joint for everything.

u109230

tattycath wrote: »

Married separate bank accounts.
I disagree that if your married you shlould always have joint accounts-what if one of you has been made bankrupt-before getting married? or what if one of you is being hounded by the CSA for your bank statements? The CSA have no right to know what an NRPs partner/spouse is earning.
We have separate accounts but both share bills and spends-If i need more money one month a transfer is made into my account and if my spouse is short one month I will reciprocate etc etc.

I agree, my OH cannot arrange finances to save their life!! I pay all the bills & OH pays me a fixed sum per month.

minerva_windsong

Cohabiting and no joint account, purely for reasons of not wanting to be financially connected (just in case things went awry and it's more likely to be him that's affected).

ForumName_2

sk240 wrote: »

I dont think this is the case, certainly in my circumstance my partner is not very good with managing money.
If we were to have a joint account we would be broke!
Not all people are equal looking after money im afraid

So whats his is yours, and whats yours is also yours.;)

Gordon_the_Moron

I'm single and have no joint accounts with anybody.

If I was married I would do whatever suited the circumstances best, anyone that says you are married to the wrong person if you don't have a joint account is in my opinion misguided. If I were to marry someone totally financially responsible and organised I'd have no problem having joint accounts, however if I married someone with problems managing money but right for me in every other way, they'd be the right person for me, no two ways about it. I would then have 3 accounts, 1) their current account (in their name) 2) my current account (my name) 3) an account for paying bills (joint or in one or others name, probably wouldnt matter) which money would be paid into to cover bills. If I earned more than the other partner I would give her half the difference so we both had the same disposable income each month, that would make us equal financially and prevent any 'what did you spend this on... ?' conversations/arguments. It would also save messing about hiding things when buying presents which would be an added advantage.