Comments on: Did You Say Joint Account?

By: telly

telly — Thu, 15 Nov 2007 18:10:08 +0000

While my husband and I do share accounts, we also give ourselves a cash allowance each pay period to be spent however we like. If we go out to dinner, we split the bill. It feels like we’re dating again.

So I’m sure, somewhere, someone has heard me say, “I owe you $20″. But we’re definitely not getting into a brand new Mercedes!

By: The Financial Blogger

The Financial Blogger — Thu, 15 Nov 2007 01:14:27 +0000

Stefan, I completely agree with you.
When I was young, I used to work in a Dollar Store. Once, a couple in the 40′s come to pay. The husband is paying the bill ($8 or so) and tell his wife ” you owe me $4″. I watch them leaving the store to get in their car… a brand new Mercedes…

By: Stefan

Stefan — Wed, 14 Nov 2007 15:57:33 +0000

It drives me crazy when i hear a married couple or people in a serious relations living together talk about their money as “my money and your money”, and of course they each have their own accounts. I have friends who always say the other is spending too much on something, but its ok because it “his or her” money now mine. What? when your together I think the money should be pooled together, then you both set your goals about what you want to do with the money. You make a budget for what you can spend on frivilous things. When you save, you are both saving together, not “you save $50/mo in your act and I’ll $50/mo in mine”, how the heck does that work? Have one savings acount again that you pool you money into together. Having so many seperate accounts is also a nightmare when it comes time to organize everything.

If you can’t trust your partner not to “steal” all you money in a joint account, then why are you with this person in the first place? Money is a tool we use everyday to live our lives and plan for the future, it is something that you do together, not seperately.

Just my opinion…