No, I think it's a great idea for husbands and wives to have separate bank accounts. Granted, your husband could be spending money on things you don't know about or approve, but at the end of the day, you have to protect yourself as well. Having money in separate accounts allows each partner to know what is being done with their own portion of the contributed income. Here's a great idea though. Have 3 bank accounts: 2 separate for the husband and wife and 1 joint account to pay your joint bills/expenses. Have your paychecks deposited individually into your separate accounts, then transfer your proportion of income for bills to the joint account. Then, you both are paying the bills while earning your portion of income and spending or saving the excess how you please. It's always important though that you're both aware of what's going on in the other's accounts because in a marriage you shouldn't have anything to hide. Also, make sure you both contribute to the joint account for joint savings for retirement as well. As for your family and friends, next time they criticize you for having your own account, tell them to go to he** because it's not their business what you do with your money. That's my opinion. My bum father wasted my mother's hard-earned money on cigarettes, Pepsi, and lottery tickets, and we didn't have money for food at the end of the month. Separate bank accounts allow any one responsible individual to be responsible with their portion of contributed, hard-earned income.
Last time I had a joint account with my wife, she bought her father a new car. Then he drank away all the money from selling his old car.
We no longer have a joint account and I handle all the bills. I'm surprised he lets you have access to his account. I wouldn't.
since when is it your friends business on YOUR money? don't tell people about this. personally, unless it is an inheritance, all the money is joint while earned while married, just my opinion, however if you have a second job or if it is a gift from someone to you, you keep it separate from the joint account
No, as long as you and your husband have an agreement as to who pays what bills out of what account --- and that it's not causing any conflict between you and your husband over maybe a lack of trust as to why you set up a separate account.
Financial issues cause more marital issues and anything else. One cannot be "together but separate." Married with separate accounts?? Married with separate friends??
You didn't say how your husband feel about this, which is the more important thing here. Forget about friends, it is you guys who should be a husband and a wife!
Most of us married folk(unless one partner has spending issues) consider all money made between the couple to be joint property. I guess(for me) it is ok as long as you are not stashing money away from him.
what are your friends complaining about?
