When a man and a woman decides to get married, they automatically become one. Meaning they’re expected to live, share and do everything together.
However, there’s the case of joint finance. I’m a bit jittery over this aspect. I was informed it’s liable for married couples to have a joint bank account. That it breeds unity, showcase transparency and improves communication.
Nevertheless, I’m still not completely sold out to the idea. So I have decided to throw the question out.
Would you have a joint account with your spouse?
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If you give all of you to other part - then u can’t share your fiancé with him !! Sure I agree to join there account
ReplyDeleteAnd all your financial transactions will he from the account right?
DeleteStill skeptical. Trust is a dual edged sword o
DeleteTrust is a stake in joint venture
DeleteSo how come people trust each other, pull their resources together to create a join business venture. But such trust is missing in marriage ? Something is definately wrong then
DeleteSo how come people trust each other, pull their resources together to create a join business venture. But such trust is missing in marriage ? Something is definately wrong then
DeleteI strongly believe in financial independent and self determination of properties. I am of the opinion that couples should have separate accounts, no matter the level of love or trust , so has to enable each partner total control over his/her wealth.
ReplyDeleteAnd each other will play roles in the family finances
Delete@sabith you then don't fully trust your partner financially then
Delete@educated Mallam. How about savings towards a business or future goal
Deletesaving for a future goal as a joint affair by the couple is a good goal that must be mobilised.
DeleteSo only for futuristic goals you approve of ?
DeleteI will like my partner to handle her expenditure and spendings without depending on my consent. Besides, am a phylantropist too. She won't consent to some things am doing for generosity
DeleteMay I ask why you won't carry your wife along in your philantrphic dealings ?
DeleteFinancial Independence yields more marriage life span and while joint finances leads to the path of divorce
ReplyDeleteI don't agree with that. Joint finances don't always lead to divorce. and financial independence can also breed divorce . It's verse versa
DeleteExplain
DeleteI'm Saying that people divorce for so many reasons.
DeleteI'm Saying that people divorce for so many reasons.
DeleteAs a couple we'll have joint accounts but also have separate personal ones.
ReplyDeleteThis is the best, introduction of individual accounts
DeleteThis just sounds like lack of trust
DeleteWhich more strong ? Trust of business or trust in relation ? In business there is sharing of finance how come for relation should be separate !!! Sure should be rules of that sharing for both case ( business or relation ) - this sharing must to make life going on
ReplyDeleteMaybe as business partners are accountable to one another with documents backing them up and coupes aren't. You can't sue your wife for spending a crazy sum of your money but you can do so with a business partner.
DeleteThis what I said - should have rules for this sharing same there is rules for business - but you can’t run business or relation without this sharing ( very simple example - it’s kind of contract both have to follow ) but still this sharing is must - again it’s matter of trust if no trust then not need to have such relation or that business
ReplyDeleteSo in conclusion, you are saying if you don't trust your partner with your money, then that relationship is doomed ?
DeleteNot only for money for everything
ReplyDeleteAlright then
DeleteI posit that individual is best to avoid conflict, i derive joy in giving than receiving. Most ladies are not happy with their hubby spending. Therefore, let her rule her account while i run Mine.
ReplyDeleteMmmm. Probably if you explain to her, she might understand your perspective. She too might join your givings
DeleteI think he may change his mind if she more rich than him 😂😂😂😂
ReplyDeleteHmmmm
Delete
ReplyDeletefor the sake of happiness, the household strongly agrees to financial statements into one account
If both parties agree
DeleteWe are all humans that can behave in a very unpredictable way at some point in time.
ReplyDeleteHaving separate accounts does not mean there is no trust or unity and having a Joint account will not eventually mean transparency. There is no standard rule to how these things play out.
But for me I'd prefer separate accounts because, these gives the couples freedom to do what freely comes to their mind that would have probably caused issues between the two of them.
Remember, two became one, that doesn't change the fact that they are still two different persons.
Mmmmmmm. Strong point
DeleteI've had the opportunity to listen and read from people over the years why couples don't want or like joint accounts with their spouses.
ReplyDeleteBefore you got married, you had your separate accounts! When you dated or where in a relationship, you may or may have not discussed it. Truth be told, joint account is a system that can work, works for some and doesn't work for others.
Joint account doesn't mean you'll have to stop funding or close your personal account, it only means
1. You want to set aside certain amount for a project; short, medium or long term.
2. You want to use it to be accountable to yourself and your spouse in terms of commitance to a cause/process the both of you have ascribed to.
3. Joint account can save you and your family during a very tough time when one person is out of cash.
4. It's not a system to prove that one person is richer than the other, but to help one another scale hurdles easily.
5. Trust can be developed through this process. And Trust is a major heartache for most in this case.
6. Joint account also means having joint signatories. Trust here is very easy and can be managed and proceeded better.
7. You can cut down your lavish spending lifestyle and reduce your unwanted costs by letting someone be as a guide or a check to you. This way you'll be more responsible with finances.
I'll live all these here for now
Thank you for this. I agree with you.
DeleteIt depends on the level of trust. I see no reason why couples should not keep joint accounts if they trust each other and are very responsible with their finances
ReplyDeleteTrust and being responsible.
DeleteMy take on this is skeptical.
ReplyDeleteWaiting to hear it
DeleteFor me, it depends on the partner. But it is always vital to have a personal account irrespective of your joint account as couple if you go with it.
ReplyDeletePoint taken
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