One pot or separate accounts?

Georgiegirl256 · 26 March 2014 at 8:59PM

Woolwich_Kim wrote: »

That's nice.

Isn't it therefore easier to just have one pot?

I know now with internet banking it's easier to transfer money over and all that but you could just have 1 pot and be done with it.

Not really. Like you say, it's easy enough to transfer money between accounts.

tattycath · 26 March 2014 at 9:07PM

anotheruser wrote: »

I'm a bit like Tropez.

We both get paid into our own accounts, then transfer a set amount to our joint account, thus leaving us with our own spending money (for presents and such) but the joint account for bills, food shopping, clothes, presents from us to other people and everything like that.

This way we get the best of both worlds.

A bit like pocket money? :P

I sort of agree but then at the same time, having separate accounts (for me) doesn't seem like living together properly.

I insist that all bills be in both of our names. Car insurance, phones, magazine subscriptions, some things can't be helped but would you allow a house to be in one persons name? Do you not trust the person you are with completely?
For me, I simply see people who operate separate accounts don't trust their partner - but I can be very short sighted sometimes.

'A bit like pocket money sounds a bit condescending'

You insist all bills are in both names-surely if you have absolute trust it doesn't matter whose name the bills are in does it?
Mr tc and I have separate bank accounts-but it's all 'our' money at the end of the day.

Georgiegirl256 · 26 March 2014 at 9:12PM

anotheruser wrote: »

A bit like pocket money? :P

If you like! :rotfl:

For me, I simply see people who operate separate accounts don't trust their partner - but I can be very short sighted sometimes.

That is a very short sighted view tbh. I can assure you that there is NO lack of trust between me and my husband.

sulkisu · 26 March 2014 at 9:13PM

We have separate accounts but it amounts to 'one pot'. We are a family and we share bills and responsibilities - so our individual incomes make up the household income. We each pay a proportionate part of all bills depending on our incomes - e.g. I earn more, so I pay more. Having said that, we both have access to each others accounts , we just don't feel the need to have a joint account.

Woolwich_Kim · 26 March 2014 at 9:27PM

I think those who earn more will end up paying more regardless of set up anyway.

Those who have separate accounts, how do you compromise on disagreements? like, if you have children and you want to buy your kid a new coat but your partner doesn't think its necessary etc.

Another couple I know split things equally. The one who earns less (female) is more resentful as her boyfriend has a larger family and circle of friends so 'his people' are over more, using 'their' utilities and eating 'their' food etc. All his fault though as he insists on not paying more than he should as normally she would be laid back on these matters of 'his people'.

tattycath · 26 March 2014 at 9:31PM

Woolwich_Kim wrote: »

I think those who earn more will end up paying more regardless of set up anyway.

Those who have separate accounts, how do you compromise on disagreements? like, if you have children and you want to buy your kid a new coat but your partner doesn't think its necessary etc.

Another couple I know split things equally. The one who earns less (female) is more resentful as her boyfriend has a larger family and circle of friends so 'his people' are over more, using 'their' utilities and eating 'their' food etc. All his fault though as he insists on not paying more than he should as normally she would be laid back on these matters of 'his people'.

Surprisingly we don't disagree about anything really-when we argue (rarely) it's usually about the kids. We never argue over money and financial decisions.

sulkisu · 26 March 2014 at 9:31PM

anotheruser wrote: »

I sort of agree but then at the same time, having separate accounts (for me) doesn't seem like living together properly.

I insist that all bills be in both of our names. Car insurance, phones, magazine subscriptions, some things can't be helped but would you allow a house to be in one persons name? Do you not trust the person you are with completely?
For me, I simply see people who operate separate accounts don't trust their partner - but I can be very short sighted sometimes.

For me, 'insisting' that both of your names are on everything also suggests a lack of trust. If you trusted him implicitly you would be happy to have everything and anything in his name, even a magazine subscription. OH and I don't feel the need to see our names side by side on everything to feel like a real couple [smiling Smilie].

Morrismorris · 26 March 2014 at 9:40PM

Separate accounts. He pays the mortgage and food shopping I pay council tax , insurances kids clothes and buy things for the house. So spending is even.
I would hate to have a joint account. My money is my own as is his.

Goldiegirl · 26 March 2014 at 9:49PM

We have joint accounts. Our salaries and pensions go into that account and are treated as jointly owned money.

It doesn't matter who earns what, it's all ours.

We have similar aspirations and requirements so there's never any problems about spending.

To me it seems very complicated having separate accounts and working out who pays what - I'd hate it.

Woolwich_Kim · 26 March 2014 at 9:55PM

I don't think either set up shows a lack of trust, unless one is coercing the other, just makes this more secure (hmmm I'm now wondering if there's much difference).

Would anyone here be happy or feel secure if your joint home was in your partner's name only?

One pot or separate accounts?

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