A
female
age
41-50,
anonymous
writes:im in a relationship for a year now, my bf is great, he is intelligent and very responsible. One night while we're having dinner in a restaurant by the beach we've talked about bank accounts, anyway were both had a good salary from our works. the issue here is that his plan in terms of having bank accounts when we get to marry already is that he pointed out that its wiser for us to have our own bank accounts and have a joint account intended for all of our household budgets and emergency purposes.my question is , is this a good or a reliable idea? he's reasons for this is for us to feel free to buy anything we want without sacrificing our budget and the hassle of asking permission just to buy what we wanted. Reply to this Question
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male
reader, steve618  +, writes (15 October 2007):
 I've been married for over a year. We figured out our standard bills, set-up a joint account, and we each set-up our direct deposits to put in = shares into the joint account, and the remainder goes in our personal accounts. It's all a matter of preference, but we prefer it that way. The $ in our accounts, is "ours" and we can spend that $ any way we want. Also makes giving gifts nicer, since you're not taking $ from the joint account which is kinda silly. $ can be the basis for a lot of arguments, so not having to ask for purchases can help
A
female
reader, anonymous, writes (29 September 2007): I am 35 and have always had separate bank accounts. It is much better this way and helps you both feel more independent and can stop arguments forming etc. I don't see anything wrong in having one joint one but it could be just as easy to work out the bills and decide who pays what - which could be proportional to how much either one of you earns. For example I pay the food bill and for my own car, clothing and going out etc and my husband pays the mortgage and all other household bills plus for his own clothes, going out etc. He earns a lot more than me so this works out ok. Whilst on the subject you may want to consider other things like pensions, insurance and other things which you need to look at for yourself. Whilst I don't want to be negative in any way you never know what is round the corner and it is best to ensure that, as a person in your own right, you stand up financially and legally in case you live on your own at some point in the future.
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A
female
reader, anonymous, writes (28 September 2007): i recently joined accounts with my husband. for us its just easier, save more money together, paying our bills, paying our debts. he wanted us to have joint accounts before marriage but i refused because if we broke up and didnt get married, how do u split the money etc. its all about preference. do u want it?
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A
female
reader, stina +, writes (28 September 2007):
 Hi Anonymous,
My husband and I have our own accounts and do not have any joint accounts. Other people have told us to have a joint account, but this way is working just fine for the both of us.
This is how it works for us: one month I'll pay the bills, the next month, he will. As for the mortgage (since it's the biggest bill), we each just send in seperate checks. We haven't run into any problems doing it this way and it's so routine for us now that it's not any sort of inconvenience at all.
Everyone's different, though. You could always talk to someone at the bank/a financial advisor for more help.
Take care.
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A
female
reader, lovejunkie  +, writes (28 September 2007):
 I agree. It helps neither of you to feel "dependent" on the other for minor purchases, such a shoes or clothes or cosmetics. If you put ALL your money into a joint account, then one of you has to manage all the money, and the other one will start feeling like they've got to "ask" everytime they want to spend a little of their own hard-earned money. Split your paycheck in half. Put half into the joint account for monthly bills, such as utilities, rent, groceries etc. Then keep the rest for yourself. You'll always feel like you still have a bit of your independence and freedom. Good luck.
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