What I learnt from having a joint bank account with my partner
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5 replies to “What I learnt from having a joint bank account with my partner”
Very interesting post but I must politely disagree. My husband and I have been married for over 27 years. We have never had a joint account. We lived together for a couple of years before we got married and just left things the way they had been. We’ve rarely had disagreements over money. We’ve discussed combining things financial a few times but decided to leave things as they are. We don’t hide anything. I can see his financial statements and he sees mine. Now here is the number one reason why we have separate accounts. Several years ago his account was hacked and we had to close his checking, savings, everything, and open a brand new account. This took a couple days and everything went smoothly, but still he had no access to funds until everything was set up. Fortunately my account was fine and we carried on with no problems. If your account is hacked or there is fraud activity it could really cause some headaches. Just my opinion based on our experience.
I’m in Suzie’s camp. We’ve been married for 45 years and we’ve never had individual accounts, except where the law requires for certain retirement programs. Even a large inheritance from my family immediately went into a joint account. I feel like everything I’ve earned or inherited is hers as much as mine. We pledged to be a team for life and that’s what we are. We have multiple accounts so being unable to access our money is not a concern. But all of them are joint accounts.
Just finished reading your post on that joint bank account experience, and I totally vibed with it! It’s real talk about how money matters can really shape a relationship. I appreciate how you broke down the pros and cons so clearly; it’s not just about saving money, but about building trust and communication. Loved the part where you mentioned setting financial goals together—such a great way to keep both partners aligned!
But it got me thinking: do you think having a joint account might actually lead to some unexpected fights? Like, if one person spends a bit too much on avocado toast or something? I mean, managing finances is one thing, but juggling individual spending habits is another beast altogether. I’d love to hear your take on balancing personal freedom with shared financial responsibility!
Very interesting post but I must politely disagree. My husband and I have been married for over 27 years. We have never had a joint account. We lived together for a couple of years before we got married and just left things the way they had been. We’ve rarely had disagreements over money. We’ve discussed combining things financial a few times but decided to leave things as they are. We don’t hide anything. I can see his financial statements and he sees mine. Now here is the number one reason why we have separate accounts. Several years ago his account was hacked and we had to close his checking, savings, everything, and open a brand new account. This took a couple days and everything went smoothly, but still he had no access to funds until everything was set up. Fortunately my account was fine and we carried on with no problems. If your account is hacked or there is fraud activity it could really cause some headaches. Just my opinion based on our experience.
I’m in Suzie’s camp. We’ve been married for 45 years and we’ve never had individual accounts, except where the law requires for certain retirement programs. Even a large inheritance from my family immediately went into a joint account. I feel like everything I’ve earned or inherited is hers as much as mine. We pledged to be a team for life and that’s what we are. We have multiple accounts so being unable to access our money is not a concern. But all of them are joint accounts.
Just finished reading your post on that joint bank account experience, and I totally vibed with it! It’s real talk about how money matters can really shape a relationship. I appreciate how you broke down the pros and cons so clearly; it’s not just about saving money, but about building trust and communication. Loved the part where you mentioned setting financial goals together—such a great way to keep both partners aligned!
But it got me thinking: do you think having a joint account might actually lead to some unexpected fights? Like, if one person spends a bit too much on avocado toast or something? I mean, managing finances is one thing, but juggling individual spending habits is another beast altogether. I’d love to hear your take on balancing personal freedom with shared financial responsibility!