Pros and Cons of Joint Account

FBaby

I personally could never have been bothered with the faffing about working out how much each person pays into a joint account from their own single account.

OH pays all the bills, I just transfer a set amount to his account every month. We worked out the amount when we first moved in together, based on our income and individuals outgoings (which are quite different), so that what was left as disposable income was more or less the same.

Air_Cooled_75

pollypenny wrote: »

When we married, a very long time ago, OHS earned more than me, then I was a SAHM for seven years before doing a degree.

We had many, many years when we've had to count every penny and that made us budget together, it was simply easier with one account.

We have always had a joint account since when we got married in 1996 but my husband did have a student one too. For many years I was the breadwinner so paid for nearly everything (in the days before direct debits etc.)

I'm a SAHM mum now and the joint account still stands, we are both more than happy with this but I understand not every couple thinks this way.