People who are married / live with long term partner do you still have a seperate saving accounts ?

lisyloo

We have both joint and separate.
People still Need some privacy even if it’s just for presents, but even close couples have different attitudes to spending that needs to be respected.
Whilst Im a “heart” person we’ve still got our company split 49/51.

pensions should be separate, it’s highly unlikely 2 people share the same expected longevity or even spending expectations.
i have lower spending requirement than my other half so I don’t need as big a pension pot to retire.

i think respecting difference is a cornerstone of a successful relationship.

if he wants a nice car and I want a banger who’s to say that’s not ok??

sheramber

During 53 years of marriage joint accounts except for taking advantage of interest pay8ing current accounts where we had single and joint to maximise the interest payments.

68ComebackSpecial

I'm a SAHM with zero earnings whilst my husband is an additional rate taxpayer so it makes sense that all taxable investments are solely in my name. After 15 years of marriage it makes no difference whose name is on the accounts/ investments.

Tigsteroonie

Our accounts - savings and current - are separate; but it's not for want of trying. We both hold all our accounts with the same Bank and yet, to open a joint account (or add one name to the other's account) they want proof of identity. Given that they closed all local branches, it seemed more trouble than it's worth. 

CapricornLass

We have both single and joint savings and bank accounts.  Bills as a rule are paid from joint bank accounts, though.The main point for us is if one of us dies, the other has enough in their sole accounts to manage regardless, at least in the short term.  Having sole accounts gives a feeling of independence, too.

I think the choice is really down to how good and trustworthy your partner is with shared money.  My son's girlfriend flounced off taking all the available hard cash that was lying around the house.  As he said himself, if she had had access to any joint accounts o, she would have taken everything in those as well, and left him with nothing.  They are back together again, but he will not consider a  joint account with her.

maman

Tigsteroonie said:

Our accounts - savings and current - are separate; but it's not for want of trying. We both hold all our accounts with the same Bank and yet, to open a joint account (or add one name to the other's account) they want proof of identity. Given that they closed all local branches, it seemed more trouble than it's worth. 

Yes, it's a crazy system brought in (I believe) because of money laundering regulations. My DH tried to open another account for a hobby group he belongs to. It was in his own bank where he's been a customer for 50+ years. They said they needed ID and to ask some questions 'to get to know you'. 🤣

comeandgo

Yes we have separate and joint bank accounts but my husband does know about them.  With my previous marriage I did have a secret run away account.  It helped that I run the payroll where I worked so was able to split wages into payments into joint account where  ex husband expected them and rest into my secret account.  

strawb_shortcake

We have joint and sole accounts, but in the 20 years we've had the joint account its typically me that has managed the finances. My Husband often earns a bit of fun money through ebay/car boots and that's his money to do as he pleases with and my earnings are to pay bills and spend/save as I see fit. 
Our "emergency" fund is in a joint account which only one needs to sign to access. 
We also have the max in premium bonds but that's in my name. 

We both have separate savings accounts I know how much he has but I don't think he has a clue what I have, it's not a secret but he doesn't really care about the money as long as we aren't in debt.

AskAsk

yes, we have separate bank accounts and assets.  we have always said that if we get divorced, we would just keep our own money.  i would never entertain having a joint bank account with anyone, even if they were a billionaire.

Littlestars_2

Yes, It's my money after all and I worked hard for years to save.