I have been pondering this for a while now. And haven't come across any thread opened to answer this question. Pls feel free to contribute, couples, singles like me , everyone really.

first to comment

As for me o I neva marry but if I do, I don't think I can allow my spouse to have access to my bank account. Even if she has kids for me. Just my own opinion

nurey: As for me o I neva marry but if I do, I don't think I can allow my spouse to have access to my bank account. Even if she has kids for me. Just my own opinion

This is strange friend Why won't you marry dear?

If couples are truthful and committed to their relationship,i don't see why they can't access each others account.If you are married to end times spouse,please don't try it .

HELL NO.

It is not advisable especially if one is not financially responsible. There are decisions u don't take driven by sentiments and emotions. The ideal model is:

1. -20% of each person's salary - Separate accounts for their personal needs (fuel, minor car repairs, makeups, clothing, restaurants, etc)
2. -30% of each person's salary into joint family account (requires joint signatory but managed by the wife, or a stay-at-home dad) for family expenses such as feeding, bills, family supplies, house maintenance, furniture, emergencies and medicals, etc.
3. -20% of each person's salary into a long term investment account they never touch such as a fixed deposit (cannot be withdrawn)
4. -20% into a college fund, where they pool funds for the kids' education (requires joint signatory)
5. -10% for charity and donations (requires joint decision)

All other accounts require a joint decision and joint signatory except number 1. (if u're stock in the middle of the road, u don't need to have a meeting to get out money to fuel ur car). In the past, some unreasonably parties have taken undue advantage of single joint accounts to frustrate each other. Therefore, it's increasingly becoming unpopular in families.

Well It depends on d Richer party, if it's d man I'm definitely up for it otherwise ...

Woged2005: It is not advisable especially if one is not financially responsible. There are decisions u don't take driven by sentiments and emotions. The ideal model is:

1. -20% of each person's salary - Separate accounts for their personal needs (fuel, minor car repairs, makeups, clothing, restaurants, etc)
2. -30% of each person's salary into joint family account (requires joint signatory but managed by the wife, or a stay-at-home dad) for family expenses such as feeding, bills, family supplies, house maintenance, furniture, emergencies and medicals, etc.
3. -20% of each person's salary into a long term investment account they never touch such as a fixed deposit (cannot be withdrawn)
4. -20% into a college fund, where they pool funds for the kids' education (requires joint signatory)
5. -10% for charity and donations (requires joint decision)

All other accounts require a joint decision and joint signatory except number 1. (if u're stock in the middle of the road, u don't need to have a meeting to get out money to fuel ur car). In the past, some unreasonably parties have taken undue advantage of single joint accounts to frustrate each other. Therefore, it's increasingly becoming unpopular in families.

Good idea
I ll make that 40% fixed deposit/ saving
40% joint account
20% personal account

Chinwem:

Good idea
I ll make that 40% fixed deposit/ saving
40% joint account
20% personal account

I'll suggest u don't neglect 10% or more to charity. It's important to give back to the society. That's what keeps US and other developed countries richly blessed - Charities (people giving back to the society through foundations, NGOs, donations, and volunteer opportunities). Unfortunately, in Africa people setup businesses & churches milking these good-hearted people with frivolous NGOs and requests for donations. Well, you can see who is on top. The givers have remained on top for years because the hands that give will always remain on top of the hand that receives.

byvan: If couples are truthful and committed to their relationship,i don't see why they can't access each others account.If you are married to end times spouse,please don't try it .

I see a point in ur post but being committed these days is a little far-fetched....

iyke926: HELL NO.

May I know why?

Chomzy19: Well It depends on d Richer party, if it's d man I'm definitely up for it otherwise ...

Choi! "The love of money..............." I believe u can complete it..

Woged2005: It is not advisable especially if one is not financially responsible. There are decisions u don't take driven by sentiments and emotions. The ideal model is:

1. -20% of each person's salary - Separate accounts for their personal needs (fuel, minor car repairs, makeups, clothing, restaurants, etc)
2. -30% of each person's salary into joint family account (requires joint signatory but managed by the wife, or a stay-at-home dad) for family expenses such as feeding, bills, family supplies, house maintenance, furniture, emergencies and medicals, etc.
3. -20% of each person's salary into a long term investment account they never touch such as a fixed deposit (cannot be withdrawn)
4. -20% into a college fund, where they pool funds for the kids' education (requires joint signatory)
5. -10% for charity and donations (requires joint decision)

All other accounts require a joint decision and joint signatory except number 1. (if u're stock in the middle of the road, u don't need to have a meeting to get out money to fuel ur car). In the past, some unreasonably parties have taken undue advantage of single joint accounts to frustrate each other. Therefore, it's increasingly becoming unpopular in families.

Salient points...

Far fetched,maybe but some are still committed like that.

Permission to adopt your model?

Woged2005: It is not advisable especially if one is not financially responsible. There are decisions u don't take driven by sentiments and emotions. The ideal model is:

1. -20% of each person's salary - Separate accounts for their personal needs (fuel, minor car repairs, makeups, clothing, restaurants, etc)
2. -30% of each person's salary into joint family account (requires joint signatory but managed by the wife, or a stay-at-home dad) for family expenses such as feeding, bills, family supplies, house maintenance, furniture, emergencies and medicals, etc.
3. -20% of each person's salary into a long term investment account they never touch such as a fixed deposit (cannot be withdrawn)
4. -20% into a college fund, where they pool funds for the kids' education (requires joint signatory)
5. -10% for charity and donations (requires joint decision)

All other accounts require a joint decision and joint signatory except number 1. (if u're stock in the middle of the road, u don't need to have a meeting to get out money to fuel ur car). In the past, some unreasonably parties have taken undue advantage of single joint accounts to frustrate each other. Therefore, it's increasingly becoming unpopular in families.

They should, in case of emergency. That's why they are married, they should plan together.

bukatyne: Permission to adopt your model?

Permission granted! As long as it works for ur family's goal.

One size doesn't fit ALL.

Nuff said.

Different strokes for different folks.

Are you responsible with your spouse's finances? If not, don't expect your spouse to be responsible to yours.

My Lady and I do all things together. Our pay goes into the same account to which we both have stand-alone access. But our responsibility to each other has ensured no friction for the three years we've been married.

So, to each his own.

I am so free with my wife. she has access to all my passwords and codes even ATM online banking etc. the theory is 'she ruins me, she ruins her family even her children'
all d serious cash we make from the biz she's handling for us goes into my account while may monthly pay goes to my salary account. shes even more prudent than I am being an accountant by training.
guys always remember not to keep evil tots against ur spouse.

Woged2005:

Permission granted! As long as it works for ur family's goal.

Thanks

Will discuss it with him when next we see

Should they? Depends on whom you married
As for me, I 100% believe they should unless one or both of them cannot (for whatever reason) be trusted with access

byvan: If couples are truthful and committed to their relationship,i don't see why they can't access each others account.If you are married to end times spouse,please don't try it .

This got me laffing....


Post..This topic has many variants on the family sekson.. search

In the absence of financial irresponsibility, I do not see anything wrong with having unrestricted access to bank accounts/finances. What is this money money money people are so protective about? the same money that you will leave behind when you go six feet under and by then, you would not have control over who spends it and how....

Two years ago, when I wanted to travel abroad to have a baby, because I was going to be away for a while,out of my own volition,I transferred all my cash to our joint account and changed the mandate to 'ANY CAN SIGN'. Meaning that if he decided to clear the account while I was away, he could. I really don't care.

I dont have joint account with my wife,but my ATM card is always with her to use.

Why not? Unless one of them has proved not to be trusted with such thing.

iyke926: HELL NO.

Why "HELL NO" and not "HEAVEN YES?"

Yes I can no big deal but if she misuses the opportunity then I will deny the access.

jaz: I am so free with my wife. she has access to all my passwords and codes even ATM online banking etc. the theory is 'she ruins me, she ruins her family even her children'
all d serious cash we make from the biz she's handling for us goes into my account while may monthly pay goes to my salary account. shes even more prudent than I am being an accountant by training.
guys always remember not to keep evil tots against ur spouse.

jaz: I am so free with my wife. she has access to all my passwords and codes even ATM online banking etc. the theory is 'she ruins me, she ruins her family even her children'
all d serious cash we make from the biz she's handling for us goes into my account while may monthly pay goes to my salary account. shes even more prudent than I am being an accountant by training.
guys always remember not to keep evil tots against ur spouse.

jaz: I am so free with my wife. she has access to all my passwords and codes even ATM online banking etc. the theory is 'she ruins me, she ruins her family even her children'
all d serious cash we make from the biz she's handling for us goes into my account while may monthly pay goes to my salary account. shes even more prudent than I am being an accountant by training.
guys always remember not to keep evil tots against ur spouse.

; I love your last line. The biggest problem is evil thought against the spouse thats why all this excuses why they can't do things jointly.

faakay: Yes I can no big deal but if she misuses the opportunity then I will deny the access.

What exactly will you adjudge to be a misuse crime on her part?

greatgod2012:
Why not? Unless one of them has proved not to be trusted with such thing.

How?