How common is it for married people to have separate checking accounts?
Dude32 asked:
My aunt and uncle both have separate checking accounts. They’re both successful in their own right. My uncle is a lawyer and my aunt is an accountant. I wonder how this works like which checking account are the bills paid from and stuff? It just seems wierd to me
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My aunt and uncle both have separate checking accounts. They’re both successful in their own right. My uncle is a lawyer and my aunt is an accountant. I wonder how this works like which checking account are the bills paid from and stuff? It just seems wierd to me
March 7th, 2009 at 1:09 pm
This day and age…very common!
March 8th, 2009 at 8:48 pm
It protects your assets in case your spouse decides to stray.
March 11th, 2009 at 6:03 pm
Most people don’t do that. Marriage is not a thing to be separate on things. When a couple starts having things separated, then other things will become separate and that is not good.
However, some people are very successful with this and if that is what floats their boat, then row, baby row. It is just not normal.
March 13th, 2009 at 6:59 am
hmm I’m not married but I don’t know how I’d feel if I had to share my account with anyone. because then arguments might start about “well you spent money on this and it was dumb” etc. It’s like make your own money, be responsible for it & how you spend it on your OWN and then when it comes to bills, just split it I guess..? You don’t think it’s more weird to have them share one? I’d feel really awkward!
March 14th, 2009 at 12:21 am
if it aint broke dont fix it. must work for them. whatever it takes to make a successful marriage. sounds like they are very independant people. perhaps this is one way to keep from fighting over finance. and they may have an account that they both pay into for the household. sounds great that they have come to a mutual compromise
March 17th, 2009 at 1:53 am
I think it is fairly common. My husband and I both have separate accounts. As far as checking accounts go, it is much easier. Neither has to worry if the other wrote a check or bought something that will make us over draw on our account. We each pay certain bills so they come out being close to even. It works well for us. My parents had separate accounts as well and then one where they would each put some money into to save for vacations or major expenses.
March 18th, 2009 at 4:23 pm
you should always have an account with your own money that only you have access to.
March 19th, 2009 at 10:27 am
A lot of people have seperate accounts and also one joint, in which the bills get paid out of. (its very normal… )
it also allows individuals to buy their own things with their own “saved” money without creating fights. (this is how i do it) Also have a joint savings in which some money every month/pay goes in toward joint savings.
March 21st, 2009 at 4:00 pm
very common. they have a joint bill account they deposit into . but also have person accounts .. he don’t as to see hers an she don’t ask to see his . simple ..
March 24th, 2009 at 12:13 pm
I feel this day and time, everyone is out for themselves. I don’t understand it either. I feel it isn’t right and i wished couples understand they become one when they get married, that includes the finances.
March 26th, 2009 at 10:17 pm
common doesnt make it right. marriage is about being one not separate. finance is a big huge deal and if there needs to be separate accounts, the main reason is because there’s a trust issue somewhere.
March 28th, 2009 at 3:04 pm
i think it’s better,
March 31st, 2009 at 4:41 pm
My partner and I both have our own checking and business and CD and retirement accounts–because she owns the house, her business is a nonprofit, mine is a costly startup, she has no children and I have two grown kids. We are both retired and developing second careers. Many couples have a separate account for mortgage/utilities/household expenses because they own things jointly, I am on her deed as beneficiary only, so she pays the mortgage and I pay for improvements and utilities. Our arrangement is quite informal.
March 31st, 2009 at 10:27 pm
It is rather common. Both your aunt and uncle set good example for married couple to manage money matters on different portfolios with separate accounts. It is wiser this way to forestall hindsight overdraft due to over spending from a single account. As a single account is monitored by both;hence there is a controversy of different opinion in spending. Separate account means easy management as the key matter.
April 4th, 2009 at 4:24 am
we have same account but different credit cards.