I think it’s really healthy for each of you to have some money you don’t have to discuss or account for.

No we share our money equally and don’t have separate accounts !

This is a very interesting one and I know many people who have separate accounts from their partners and for different reasons, all of which seem to work for them. As long as both people inn the partnership agree and are on board with the idea then it really isn’t an issue.

We have two seperate and we are happy about it

All our accounts are joint and we can see what each other spends. I would love separate treat accounts but hubby isn’t a fan of the idea. It doesn’t upset me enough to have a debate with him about though.

I have always had my own account but we also have a shared one for bills etc.

Yes we have seperate accounts we have shared account for house etc but our own savings and credit card accounts we are open and access all accounts as necessary it just makes life easier

Whatever works for you both. I like to have my own….imagine if I couldn’t purchase a special gift for him every now and again without him knowing…

A very interesting article and loved reading other moms views. Believe everyone is different and what works for some many not work for others.

My husband and I both have our own and a joint account that we transfer into for non-every day expenses like car registration etc. and that has always worked for us. When I had our daughter and wasn’t getting any paid parental leave or anything, it was extremely hard for me to be completely financially dependant on some one else, even though my husband and I have been together for 9 years so I definitely agree that it is better to have separate bank accounts.

I think its a good idea to have a joint then your own. You need to have control over your own money, especially if your partner is not great with money.

I think it depends on the couple how things work best but you need something that works for both of you and you both need to know what’s going on with your finances.

It really depends on the couple. Good article to read.

We have a joint account for bills, shopping and the home loan, but seperate for everything else. I like my own money and not feeling guilty if I want to splurge on something

We have a shared account but I think I may also open an individual account. I love the shared account but it does take the surprise away for gifts as I notice charges on the card leading up to my b’day etc and get an idea of what I’m getting.

I don’t know what the laws are now. I do know that a few years ago in SA if one partner died and the account is in joint names the account would be frozen until Probate was granted. I don’t know if other states have Probate or not. Also if it is a cheque account, one person signs a cheque as people with joint accounts can do. If not banked quickly enough and a person dies a few days later the cheque will automatically be stopped by the bank even if not signed by the person who died. if a relationship breaks down you can / could ring the bank and freeze a joint account. I know somebody who did that just in time. Lucky she did or she would have been “broke”. You need to have at least some money in your own account (no pin given to partner) in case of an emergency.

I have my own account but we also have shared

I’m not sure about saving marriages, mine didn’t work out and we had separate accounts, but it certainly doesn’t hurt to have your own finances in case.

Do the same, just started off that way and never changed.

It is an issue that all families deal with differently and everyone should be able to access their money. Being on the same page with financial management and goals is important.

• • 
  • • mom93821 replied
    • 02 Aug 2019 , 5:58 am

  ---

  Women should have independence which includes financially – individual goals and joint goals.