Married with separate checking accounts

shel90

shel90

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Married With Separate Checking Accounts | Bankrate.com

With my ex-hubby, we had a joint bank account and we ended up arguing constantly about money. We ended up spending money without each other knowing about it and end up being short on cash. It just became too confusing to keep on each other's tabs.

With my current hubby, we have a separate bank account and not once we have argued about money. Instead we argue about other things like cleaning up the house. lol

Some people say that it is awful for a married couple to have a separate bank account and that it means that they don't trust nor love each other. I don't understand that theory.
 
My wife and I have separate accounts. Married for over 10 years now and very few fights about money. We also have a joint savings account though but money just goes in not out.
 
I think it's a good idea for a married couple to have their own checking account just encase the marriage does not work out. I have seen women get into a abusive relationship and the guy has control of everything , money , car, etc and this a woman trapped . If is works for you and your husband you should not worry what other people think.
 
I would support the idea of having two bank separate accounts. We both have two banks but our both names are on each of banks. LOL
 
shel90 said:
Married With Separate Checking Accounts | Bankrate.com

With my ex-hubby, we had a joint bank account and we ended up arguing constantly about money. We ended up spending money without each other knowing about it and end up being short on cash. It just became too confusing to keep on each other's tabs.

With my current hubby, we have a separate bank account and not once we have argued about money. Instead we argue about other things like cleaning up the house. lol

Some people say that it is awful for a married couple to have a separate bank account and that it means that they don't trust nor love each other. I don't understand that theory.
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how does it work like who pays for grocery and bills? 50-50?
 
I think that's stuff you just have to work out. Plus with my wife and I we don't really see it as her money and my money so much as having separate accounts make it's easy to keep track of.
 
If either spouse is accounting, you won't have problem with it. :)
 
We had a joint checking account, but I also had a separate savings account.
Today, with Internet banking, it's easier to keep tabs on a joint account. Heck, you could find out that "He went to Jared's" the same day he went.
 
shel90 said:
Married With Separate Checking Accounts | Bankrate.com

With my ex-hubby, we had a joint bank account and we ended up arguing constantly about money. We ended up spending money without each other knowing about it and end up being short on cash. It just became too confusing to keep on each other's tabs.

With my current hubby, we have a separate bank account and not once we have argued about money. Instead we argue about other things like cleaning up the house. lol

Some people say that it is awful for a married couple to have a separate bank account and that it means that they don't trust nor love each other. I don't understand that theory.
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I don't understand it either. My wife and I have separate checking accounts too.

The only thing that should be "joint" should be a family account. One where household bills are paid with, that you both contribute to.

Maybe even setting up a trust for your children that you both contribute to as well. So when grandma or grandpa, or Uncle joe gives them money, it goes in the trust and neither of you can touch it.
 
One thing I've been thinking I need to do is add my wife to my account so if anything ever happened to me she would have access to it.
 
jonnyghost said:
One thing I've been thinking I need to do is add my wife to my account so if anything ever happened to me she would have access to it.
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We have accounts set up that way.

We have separate accounts, especially since Hubby's is also his business account. I can access and sign for his account but I never have. It's available if I must but so far, I've never needed to.

For keeping track of spending and income, it's better if we have separate accounts. They are also separate banks.

After over 37 years of marriage, it's worked for us. :)
 
jonnyghost said:
One thing I've been thinking I need to do is add my wife to my account so if anything ever happened to me she would have access to it.
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Yea, that's a good idea. I should do the same as well.
 
Never saw a need for it. We had several accounts for different purposes but they were all joint accounts. We had great communication though. We saw marriage as "becoming one" so there was no need to separate anything. I actually found it enjoyable sitting down and discussing finances, plans and purchases. :dunno:
 
We do discuss large (and not so large) purchases together before making them.
 
We discuss most all purchases other than normal everyday things like gas and food. It's not like because she paid the internet bill it's her internet. It's all ours.
 
Mine and my wife's we have a joint account, all money goes in one account. We have not fought a lot over money. I know strange but it works just fine for us. To each their own, yes?
 
We have always had a joint account also, and really no disagreements either.
 
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