I agree that having joint accounts doesn't rule out dishonesty. I have a "friend" who got herself a credit card and racked up a $6k debt without her husband's knowledge. She was a SAHM at the time so no means of paying back the debt so got her dad to get a loan to pay it off. She told her DH that all her shopping were ebay bargains. Two years on and he still doesn't know but they both brag about how they have the best relationship ever.
Having a joint account makes sense to us as we have a mortgage and the more money in the offset account, the more interest we save on the mortgage. We both have a weekly cash allowance to do with what we please, and we always talk about big purchases that we both want to make.
I think each couple just does what works for them.
I know a few women with secret credit cards or bank accounts. Their DHs have no idea. Personally I could never lie to my DH like that
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Last edited by Boobycino; 20-01-2013 at 08:17.
We have desperate accounts that our pays go into, and have had a joint account since we moved in together, df has a direct debit set up which covers all the rent, bills and his contribution to savings, & I transfer my savings contribution to that account. He pays rent and bills I pay for food, as I earn considerably less. We each pay for our own petrol and car maintainance.
When we have a mortgage we will probably get our incomes deposited into our joint account and then pay an allowance to our personal accounts.. But we'll decide that When it comes to it! Right now this works for us
Joint accounts. It is what works for us, especially with a mortgage (having as much money in the offset as possible). We discuss major purchases but otherwise use the money freely, no allowances etc.
We have two joints accounts. One for mortgage and bills and one for savings. We also each have our own account. We have a joint credit card and I also have my own credit card. We know what each other earns and has. My money is mostly put into our joint saving and for me to buy myself things, pay for my petrol and train tickets etc. DHs mostly goes into the joint account or credit card to pay mortgage, food and bills. He also puts some in our joint savings and has money in his own account to spend. Seems to work perfectly for us. I wouldn't like not having some money in my own account personally.
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