Separate or shared bank accounts?

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Posted by shaw on Jul-17-2006 22:49:

...kinda...different purpose, though.

Posted by igottaknow on Jul-17-2006 22:53:

you're just a bunch of idealists. who cares if you get divoriced? its not like the end of the world. if you get 5-10 good years its worth it. it be like saying you should stay with your first bf for the rest of your life even if some where along the line you fall out of love. just listen to yourselves. you sound ridiculous.

Posted by Zewad on Jul-17-2006 22:56:

quote:
Originally posted by igottaknow
who cares if you get divoriced? its not like the end of the world. if you get 5-10 good years its worth it.

absolutly... its worth the pain (to some extent) and the money (easily, that shit can be made back) knowing you got 5-10 years of happy marriage in life...

+ 1

Posted by shaw on Jul-17-2006 23:15:

bah. That just means you're either bad at reading people or bad at maintaining a relationship.

Posted by RandomGirl on Jul-17-2006 23:59:

quote:
Originally posted by RandomGirl
Isn't it kind of stupid to plan for divorce? If you think you're going to get divorced, why get married at all?

You're already setting the marriage up for failure by assuming that it wont work out.

No wonder the divorce rate is through the roof.

quote:
Originally posted by Slylee
the whole attitude like, "well if u get divorced, then bla bla bla" so non-challantly, like it's more of a "when" and not "if" is disturbing to me. no wonder the divorce rate is so high. it's sad.

Woah... that was freaky!

Posted by asfdz on Jul-18-2006 02:31:

quote:
Originally posted by Inconspicuous
It's still afact though. I'd rather be prepared for it & then not have to deal with that than not think about it and get slapped in the face by it.

+1

I would probably get a joint account w my man w just our extra spending money, just to let him feel special or as "one" or whatever, but any other money will be something only I can touch

Posted by Moral Hazard on Jul-18-2006 11:40:

quote:
Originally posted by Azia
keep everything separate.
weigh the pros and cons btwn separate or joint accounts and you'll see.
think in terms of if u split, and if you don't think in those terms, that's just being in denial and dumb.

As mentioned earlier, seperate accounts mean nothing if you divorce... the funds in those accounts will be added to the collective net worth and distributed equally (in community property jurisdictions... so most of the US, Canada, and most of Europe).

Posted by Moral Hazard on Jul-18-2006 11:43:

quote:
Originally posted by Azia
+1

I would probably get a joint account w my man w just our extra spending money, just to let him feel special or as "one" or whatever, but any other money will be something only I can touch

So what you're saying is that you would a) not trust your husband with money and, b) not want to be accountable to him regarding money. If that is the case then you shouldn't be marrying that person. Marriage is a total partnership that requires trust, anything less then that is a false marriage and you're right to assume it will end in divorce as you have already set the ground work for it.

Posted by riskytrader on Jul-18-2006 13:41:

Always keep separate accounts but also have a joint account for joint expenses like the mortgage, utilities etc. This way you can easily keep a track of spending and not have to determine who's spending what where.

Posted by riskytrader on Jul-18-2006 13:45:

Oh and to add onto that it also helps having a separate account because you'll know how much is in your individual account always but can't always know how much is in your joint account because what if your s/o makes a big purchase at the same time as you. I've heard this happen to friends and it can become embarrasing.

Posted by Moral Hazard on Jul-18-2006 14:27:

quote:
Originally posted by riskytrader
Oh and to add onto that it also helps having a separate account because you'll know how much is in your individual account always but can't always know how much is in your joint account because what if your s/o makes a big purchase at the same time as you. I've heard this happen to friends and it can become embarrasing.

Ideally one would advise their partner of a significant purchase prior to making said purchase. Especially since each of the purchases would need to be more then 50% of the balance of the account as is necessitated by your premis. I would suggest your friends need to communicate better.

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