So, I’ve got friends who are married and some of them share their bank accounts (or merge it as one) but a few of my friends who are married don’t share their bank accounts.
The couples who don’t share give the reasons below:
1. They are happy with keeping accounts seperate.
2. They don’t need to know their spouses income (it’s a personal thing according to them).
3. They prefer seperate accounts so that they can manage their finances e.g one of them pays the bills one week, the other one pays the bills the following week etc etc.
4. One couple said that they were raised from backgrounds that never had to depend on their family members, so they’re comfortable of keeping it that way with their spouse.
The couples who share bank accounts:
1. When you’re married, it makes life easier when you join accounts to manage the finances.
2. Easier to keep track of what’s coming in and going out.
3. It’s makes sense to merge bank accounts with your husband/wife.
Sooooo, would you or would you not share (merge) your bank account with your spouse?
Personally, if or when I get married, I would. I think, for me it would make managing of finances/income easier. But that’ll have to be discussed with my future husband if he agrees lol.
And if you’re currently married, or dating someone, you can share your experience/thoughts as well.
What is his is mine and what is mine is his. 95% of what we own is ours. (He can keep his undies, and I'll keep mine.
We share everything including the money. As for doing bills every other week? I'd be tempted to figure out how to make mortgage-payment/insurance payment week his every time. And, fortunately, both always come at the beginning of the month.
I enjoy doing the bills because it makes me feel less anxious. I know how much money we have until the next paycheck. He hates doing the bills because he is worried he'll screw it up, and worries we don't have enough after paying them. But I don't enjoy doing the bills enough to want to do them every other week. It's not fun to do bills, so why do it more often than necessary?
And I saw Miri was worried about needing to explain buying a pocketbook. It's not a problem. We figure out how much we are free to spend without asking permission. And what we are free to spend takes into account how much income and outgo we have. When we were doing well, the number was higher. Now that we're not making as much, the number has lowered.
Think about it. Would you want him to buy a car without checking with you first? It's a big tab. But would you be upset if he bought a bike? It all depends on how much the two of you make, doesn't it? If money is tight, then buying a bike might be frowned on. If it isn't, so what?
We've never asked each other if we can buy personal things. I've never asked for a new pocketbook, new clothes, new shoes. I've told him I'm buying them. And he's told me the same thing.
And we tend to tell just to make sure the other one wasn't planning on using the money for something we needed in the meantime. After all, those months when the car insurance is due, as well as the car needs to be fixed, is not a good time for a new pocketbook and shoes. They can wait until next month.
Besides, even if he bought a pocketbook, he'd never use it.