Should Couples Have a Joint Savings Account?

[pousinha]

Last year I watched a Mexican movie (very probably based on the local reality) showing a rich woman losing half of her properties during the divorce, despite the husband was the only guilty part: he stopped to work after marriage, living on his wife's fortune as a good-time Charlie. Not satisfied, then he found a lover, gifting that woman with his wife's dresses and money. In an European country, the judge would have condemned such a husband to leave the marriage penniless, but not in Mexico, cause joint account and properties.

 

[BeeRoyal13]

I don't know how i would have felt if someone's else's blood taking my hard cash money that I worked for thats terrible,he found a woman on the side wow such disrespect at the end we don't know who we marry.

 

[SilverLance]

It’s shocking how someone can take advantage like that. This shows how important it is to protect yourself financially in a marriage, because sadly, you never really know how things will turn out.

 

[BeeRoyal13]

Truly things can turn bad if protection is not considered in a marriage, people must avoid problems while there's still honeymoon phase.

 

[SilverLance]

Taking steps early on to protect and understand each other can really help prevent bigger problems later.

 

[BeeRoyal13]

Not all couples struggle with is but its unfortunate that some fall victims to this.

 

[Augusta]

Yes they should and it should be done in such a way that there's no signing out of money without the other knowledge

 

[BeeRoyal13]

I don't understand why married couples should have a joint account it's best handling alone

 

[pousinha]

Cause human flaws, trusting people 100% isn't that big deal. Even trusting 100% a spouse isn't always that big deal. We must get financially safe, avoiding joint account (even cause tax and financial laws of this or that country that result in serious prejudices in the case of widowhood).

 

[Augusta]

Joint bank accounts allow couples to manage budgets together, monitor spending and save for shared goals

 

[Min George]

The experiences that people have with insincere partners while operating joint accounts has made the entire thing unattractive.

 

[BeeRoyal13]

Cause human flaws, trusting people 100% isn't that big deal. Even trusting 100% a spouse isn't always that big deal. We must get financially safe, avoiding joint account (even cause tax and financial laws of this or that country that result in serious prejudices in the case of widowhood).

Yes you can open your heart in trusting your spouse but take responsibility when things get sour people love money in a bad way.

 

[Augusta]

Here, most couples have joint account. It is used to manage household finance. That said, other than having a joint account, each partner usually also has his or her own account.

Yes they need to have to help them manage their finances better. Especially for the welfare of the family

 

[Trush Jodie]

My parents never had a joint savings account. But my father and mother had a fair knowledge of the earnings of each other and how those earnings were spent.

 

[Tray59]

There is nothing wrong for couple to have joint account because it's bring mutuality and help keep understanding between the both parties so there is nothing wrong having join account with your partner but there must be trust

 

[SilverLance]

Definately, trust is the foundation for such arrangements, without it, things can easily get complicated.

 

[Sanjeev]

No it doesn't matter if they have a joint account, what matters is the their understanding towards each other.

 

[Augusta]

Couples with joint accounts were more likely to enjoy better relationship quality versus declining quality over time.

 

[BeeRoyal13]

Couples with joint accounts were more likely to enjoy better relationship quality versus declining quality over time.

What quality is there if one of the spousal is filled with greed forgetting the quality of the relationship that was build first before money?

 

[Starmix]

Exactly my point. Some men don't care about the family. So they can afford to throw money around than caring for the family

If the husband has a small salary compared to the wife, it is best not to open a joint account. Husbands are getting lousy and weird this time.