When you get married will you want to have joint or seperate bank accounts?

Question

Money is usually the reason why divorce is so prevalent amongest our society.

And money is a big issue, who pays rent, who can spend how much, what's the first priorities coming up, should we move. . .but i'll break it down to a simple question. Seperate or joint?

Answer 1

Well, we have separate bank accounts.

Answer 2

We have a joint account, we didn't see any reason to have it any other way. We discussed finances before we got married, which helped a lot.

I'm now a SAHM, so he is the one who makes all the money to pay the bills, but he doesn't tell me what I can and cannot spend. I think we have a good balance.  

Answer 3

we have one joint bank account and all the bills go out of that and we share the rest. it doesnt cause arguments but neither of us are money obsessed or care a lot about material gain.

this wouldnt work for people were one was money grabbing but it has worked for us for over 4 years.

Answer 4

aside from a petty cash account all money should be held jointly.  

Answer 5

My daughter and her husband have 3 accounts.

His money, her money and they have a third account that they both contribute a percentage of their paycheck in weekly this fund if for paying all or any bills they might have.. it gives her the freedom to buy a few things without asking him and vice versa.

It's worked out for them for 10 years it was the one thing they used to fight over when they were living together once that was resolved to the mutual satisfaction of both they got married and live happy ever after.

Answer 6

All of the married people I know have one joined bank account, and they also have one separate bank account, most commonly at different bank than the joined accounts. I think thats a great idea.  

Answer 7

I think you should have a joint account for bills, car, morgage ect.

But I Think for you as a woman, you should have a seperate on for yourself. Just in case something happens you have something to fall back on. that's what we do

Answer 8

Seperate. He pays the bills and I pay the left overs

Answer 9

Like another person wrote about her daughter. My husband and I do the same.  We both put about 80% of our paychecks into a joint account.  With the 80% we take care of bills. With the left over 20% we are able to do what we please.  We do not use credit cards now, although we both  had a quite a bit of debt separately.  We have been able to diminish our debts better  together than separately.  We have been doing this system for a year, prior to that we had separate accounts, this way works so much better.

Answer 10

We will have joint accounts.  

Answer 11

both

we have a joint account that we both pay into,  that pays household bills , amenities etc

as he earns more than me he pays more in -it is done pro rata

and we each have our own accounts to finance personal spending , credit cards loans  (shoes or football etc)

we have another  joint account for saving for hols etc

Answer 12

In some ways getting married is like going for a cold swim, it takes a while for you to adjust to the new environment.  Some people like to step in slowly agonizing over every deeper step. Other people just dive in and get it over with.  The same can be true with marriage and things like separate/joint bank accounts.  I say; dive in with the expectation that you will be together until the end.  Anything less increases your chances for divorce.

Get a joint account and stop anticipating the divorce.