Want More FREE Finance Tips?
Like what you just read and want to get more great content from Financial Highway? Just enter your email address below and you'll automatically get Financial Highway posts sent straight to your inbox.
We hate spam just as much as you

Comments

  1. says

    Our life was made so much easier once we opened a joint bank account (prior to getting married – about 2.5 years ago). We had very different incomes (Mrs. SPF was completing her degree). While we paid differing amounts of the household bills (balanced as per what we contributed to the total income) it was a real pain to go through all the bills and calculate who owed whom what amount. Big fan of combined finances and the points you make about assessing compatibility are great ones.

  2. says

    When my fiancée and I were dating, we opened our first bank account together. Wasn’t the best idea then; we weren’t emotionally ready. After a big argument, I closed the account and took the money out (since I contributed to it the most). When we moved in together, we opened another one to handle household expenses. It’s working great now :)

  3. says

    The Mrs and I have had a joint account for about 2 years now, mainly because she works for the bank and it’s free for me :), we have never had problems. We both make about the same amount. On pay day we pay off whatever bills we have (which is usually just a credit card) and then transfer the rest to a joint savings account. We each contribute to our individual RRSP accounts as well as employer sponsored pension and ESOP. At the end of the day we are working together towards the same goal…..financial independence.

  4. says

    As a single income family, we don’t use a joint account for everything. It’s mostly my account – I pay all the bills from my account. It would be easy to make it a joint account, but I am more of the budgeting type so I had to keep it that way to control spending. Our joint account is used to cover the groceries and kids expensive that my wife takes care of. She still manages to save money from it too :) In a way, it’s almost like she is an employee when it comes to the accounts and money. I think it works well because it’s about being in the positive every month and not in the negative.

  5. says

    If you open a joint account, you are just asking for trouble. What if one spouse writes a check for $100, the other writes a check for $200, but there is only $250 in the account? Both spouses think there is plenty of money there, but guess what? It gets real ugly in a hurry.

  6. says

    I don’t believe in joint accounts. What is mine is mine, and what is his is mine too!

  7. stella says

    i think joint account is good among couple. It has its way of keeping couple close, as long as u agree on no withdrawer without the consent of the other, except in the case of death.

Trackbacks

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>