Do or Don't: Joint Bank Accounts

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  Posted by Leah Mon Oct 5, 2009 1:22pm PDT

  my boyfriend and I have seperate accounts. Since he pays the bills, I write him a check every payday for our 'common' bills (ie. rent, elect, water ect...) and we each take care of our own bills (ie. car, insurance, cell phone ect...). It works out great for us.

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  Posted by urassismine2 Mon Oct 5, 2009 2:03pm PDT

  Joint bank accounts are a recipe for trouble. Someone alway messes up the money flow sooner or later.

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  Posted by jayla Mon Oct 5, 2009 8:27pm PDT

  My boyfriend is a bank manager he has his employee account and then we have joint checking account where all my money goes he takes out what he needs for bills and leaves thr rest for me in my account...

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  Posted by kelly Mon Oct 5, 2009 8:30pm PDT

  I think it depends on the type of situation and the people involved. If one person is going to be taking care of the bills and handling the money in a relationship/marriage, I think there's nothing wrong with a joint account. A joint account simply means running big purchases past your significant other before doing any spending. I think that regardless of having a joint or separate accounts, big purchases/finances should be discussed within a relationship anyway. I think a joint account is better so that there is no tally of whose money a couple has been using more.

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  Posted by Kate154 Mon Oct 5, 2009 8:31pm PDT

  My hubby is bad with money (his own admission), so I control over joint account. He is able to look in anytime. We always consult each other about purchases. I works for us but it is not for everyone.

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  Posted by linda Mon Oct 5, 2009 8:54pm PDT

  I think is all about thrust, if you don't thrust each other with each other's money. Then since the begining of the relationship this should be simple each person should pay there own billls.

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  Posted by Mysterious Gryphon Mon Oct 5, 2009 8:57pm PDT

  My fiance and I just opened a join account when we started receiving engagement gifts in the form of checks. We both have our own personal accounts, too, but once we are married and living together we plan to use the join account for shared bills like rent, electricity, and groceries. We will decide how much we need to have in that account each month and contribute equally to it each month. The rest of what we earn will be kept separately.

  This works pretty well as long as we are earning about the same amount. Once he's out of school (in about 6 years) he'll be out-earning me by quite a bit, so we will have to re-evaluate our money situation at that time.

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  Posted by KittyKat Mon Oct 5, 2009 9:00pm PDT

  Separe counts cuz joints are asking for trouble.

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  Posted by Who's Next???????? Mon Oct 5, 2009 10:52pm PDT

  My fiance and I have seperate accounts. We pay our own bills and we split rent (he pays cable, internet and electricity b/c he makes a lot more.) Once we are married we plan on opening a joint savings account and both contributing an equal amount to it but we still plan on keeping our own checking and savings accounts.

  One of the main arguements between couples is money. He has his money and I have mine. We never fight about money and it works great!

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  Posted by The Mims Mon Oct 5, 2009 11:31pm PDT

  If you're not married, you have no need to share much of anything. Married couples are different.

  But I don't believe this story anyway.

  They make $50,000-$75,000 per episode, with TLC paying for many of their basic living expenses. Not to mention payment for personal appearances AND her books-- Where's all the money?

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