When would you financially bed your partner? Poll Results/Discussion

Badger_Lady

rachel_c_2008 wrote: »

(Besides - if all your money is joint, how can you buy each other amazing presents?!)

We didn't... my 21st birthday gift from Him was a set of camping cutlery :rolleyes: You know, a fork, spoon and knife that all clip together?

I made him a scultpture of a rose once for Valentine's Day (along with a witty message) and he thought it was from someone else! :rotfl:

Martinslovechild

I've never had a joint account and never will.

We maintain separate accounts as I'm a higher-rate taxpayer - my OH's basic-rate and therefore pays half the amount of interest on her savings as I do. I can't think of one good reason to combine our separate accounts into one joint account - from a tax point-of-view, it's completely senseless!

All my savings are therefore in my OH's name. As far as I'm concerned, I'm not going to let Gordon get his grubby hands on my hard-earned cash...

cazrobinson

okay, if one person relies on another entirely for household income, that person is vulnerable...

Marker_2

cazrobinson wrote: »

okay, if one person relies on another entirely for household income, that person is vulnerable...

Vulnerable?? I cant see how it makes you vulnerable. If a JOINT decision is made for one to stay at home and the other to go out to work I cant see how that would make either one more 'vulnerable'. Vulnerable is not the right word at all as that implies 'weakness'. Weakness because you choose to stay at home?

My OH earns more than me at the moment, so WE rely on his income more so than mine, I dont feel vulnerable or weak because of it. I'm in charge of the money mind, but even if he had the head for money it certainly wouldnt make me feel vulnerable.

If anyone does feel vulnerable i would say that was more to do with their personality than who earns the income!

MrShed

Of course it makes you vulnerable. It puts you in a weaker financial position SHOULD the worst happen. I fail to see how you can possibly argue against this.

Marker_2

MrShed wrote: »

Of course it makes you vulnerable. It puts you in a weaker financial position SHOULD the worst happen. I fail to see how you can possibly argue against this.

I dont think I would like to be in a relationship where I feel vulnerable and am constantly worrying about the what ifs! Contingencies should be put in place!

MrShed

Well thats exactly the point.....

count_rostov

It always amazes me when married couples keep their finances seperate. We have an account each and a joint account but we use them to 'piggybank' so his is for his business costs and tax, joint is for housekeeping, insurance, diy, my car etc, and mine is for mortgage, utilities, debts. We live day-today and save off his earnings and use mine for utilities, debts and mortgage - none of it's ever withdrawn. I would find it too confusing to pay everything into and out of one account as we'd both draw cash at the same time, but likewise it would be a nightmare keeping everything seperate!

gorcol

Been with my partner 32 years and we've never had a joint account.Never felt the need.We know all the money is "ours" and that's enough.

Charis

Every woman should have her own bank account, her own passport and her own driving licence. If it were possible to predict the future there would be no divorce courts.

I'm all in favour of people taking responsibility for themselves, including planning for the unthinkable. Lots of people have had the shock of finding themselves alone again for a variety of reasons, including death.

No reason why you can't have a separate joint account from which the household bills are paid. Well, maybe one. If your OH has a bad credit record.