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  1. #51
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    Default Re: Do you have separate bank accounts as your spouse?

    Quote Originally Posted by Elijahs Mum View Post
    we have so many accounts - mortgage, personal, business but all joint
    Same here.

    Sent from my HTC Sensation Z710e using BubHub

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    Default Do you have separate bank accounts as your spouse?

    We have separate accounts but only because I am a sole trader and hubby is employed by me so we keep it separate for business purposes. We have total access to each others account and consider it all our money, but whatever is in his account is for his personal loan payment and his spending, what's in mine (the business account) is for our bills and business expenses.
    Just makes its all easier for tax & running the business.

  3. #53
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    Default Do you have separate bank accounts as your spouse?

    We have separate accounts but it's one pool of money.

  4. #54
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    Wow I'm very surprise by the response I would have thought most people had joint accounts (mostly because my parents did so I'm going with that example). I agree separate with access (which we did until we bought a house and got married) is a totally different thing than having secret accounts. I read an article which was posted on a SAHM website, a financial expert was urging SAHMs to do just that, open a secret account and skim off the family expenses and save just in case... I found this very disturbing, like I love you but I don't trust you... I would feel betrayed if my DH save his bonuses (never telling me he got them) putting them on a secret account so he could spend as he pleased.

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    Default Do you have separate bank accounts as your spouse?

    We have two joint accs right now. (baby's acc and bill payment account) when bubs arrive my fiancé will put his pay straight into the joint bill account and I'll pop any additional savings into his acc ( he has a couple of personal loans and we have separate personal savings and chq acc). I have a mortgage from a house I brought 9yrs prior that I have an account for too.
    We are saving for a wedding too but we do this individually which I may need to change to a joint savings acc.
    My partner is not the best with money but I'm giving him the benefit of the doubt and believe ea should be allowed to have their own savings and chq acc to buy small things. I also am a better saver as my partners finishing his apprenticeship so will most likely but the family car when bubs is near. This is what works for us now.
    Last edited by chances; 20-01-2013 at 07:04.

  6. #56
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    Joint accounts for us. I manage all the money which suits us perfectly

  7. #57
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    Default Do you have separate bank accounts as your spouse?

    Haven't read all the replies but DH and I have separate bank accounts, we're just to lazy to open a new one but we both know what's going in and coming out of each others account. It works for us at the moment and as a pp said I also can't be bothered dealing with centrelink to change my bank details too!

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    Default Re: Do you have separate bank accounts as your spouse?

    We have a shared account, it makes it so much easier to budget and know exactly where our money is going.

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    Default Re: Do you have separate bank accounts as your spouse?

    I wonder if it's more common to go joint accounts when you get a mortgage? I can't imagine having separate accounts when you have a mortgage and need to put every cent in an offset or redraw.

    We have joint everything since we bought our house because it made financial sense to kill the interest on the mortgage. I used to manage all the bills but, now that DH is a SAHD, he manages it all and he's welcome to it!

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    Quote Originally Posted by ciaomamma View Post
    I read an article which was posted on a SAHM website, a financial expert was urging SAHMs to do just that, open a secret account and skim off the family expenses and save just in case... I found this very disturbing, like I love you but I don't trust you....
    I don't think it's about distrust at all. You never know what the future holds. You can still love and trust your partner and maintain your financial independence.

    Also, having joint accounts doesn't rule out dishonesty. My mother was very shocked to discover an abundance of secret bank accounts and even assets in her name she knew nothing about, upon her divorce from my step father after being in a 13 year marriage.

    I think it's up to the individuals in the relationship to do what works for them.


 

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