ultrazone:
For some time now I've been thinking about this. I'd love to have a joint purse with my future spouse. I believe this will make issues like budgeting and resource allocation a lot easier. Listening to numerous opinions online and offline, many people believe that this idea may breed problems especially when partners' background and income differs.
Would you join purse with your partner? If you are currently into it, kindly share its challenges and how you were able to manage them? What is best way and in what situation should you run a common purse?
I'm eager to learn from Nairalanders. Please don't go away without putting in a comment.

justmag:
Not a good idea in d early stages of marriage. ..maybe with time

Islie:
we can have both joint and single account.....

but operating joint account alone is a no no for me.....

samflex:
Just pray she's not the materialistic type or the "aso-ebi" kinda woman. That's all...you know the rest

Kanwulia:
Yes!
But with only minus $50 dollars there!

Not in my life or DEATH time!
Especially if he is a NIGERIAN MAN!

ultrazone:

Wow! You must have strong reasons for this opinion. Feel free to share.

EfemenaXY:
It makes sense if you've got bills in both your names to payoff like mortgages, council tax, utility bills, etc.

ultrazone:

Hmm, you struck a point there but I feel this joint purse may come in handy to rescue a partner struggling with his/her commitments. This is useful especially when the other partner's demands are lesser. Besides, the knowledge that any financial commitment made by either party will affect both of them (joint purse) may help them prioritize well, giving preference to their needs over their wants.

LewsTherin:

It's a matter of understanding, maturity and most of all, it's a choice.

ultrazone:


Thanks for the insight Sir. I believe this arrangement can work in any relationship where those three factors exist. Nonetheless, I'm interested in knowing what challenges you've had so far. I find it difficult to believe that the going has always been smooth, forgive me.

alutacontinua:


I've watched my parents do the joint account thing all my life and they're perfectly fine with it
I ain't fine with it though cos there's no chance of taking from dad first, and then mum

LewsTherin:


Since no offence intended, no offence taken.

My Lady and I agreed to always be open with each other from our dating days. After we got married, we had some very rough financial times. I lost my job, and our hustle wasn't yielding much so we learnt to be clear with how much we had, how much we needed for daily living and how much we could spend on luxuries and date night.

Thank God, things have turned around. We run a joint account for savings and big spendings. My personal account does the rest. At first, she kept the ATM card while I kept the cheque book. But ALL expenses were mutually agreed on. My Lady is beautiful and looking good aint cheap! . When she realised that she was in danger of spending more, she gave the card back to me. So basically I can control spending. But I don't. I may hold the cash but she decides what we need. I love her looking beautiful so most of our purchases are for her. She does pressure me into buying stuff but I don't care anyways. I spend big though on electronic gadgets so in order to keep our finances balanced, I keep my purchases few and far between cos each single purchase of mine can add up to the last 10 purchases of hers!!!

Here's how we basically keep the peace. We go shopping together. Always. If for any reason the other isn't around, said other must be informed as quickly as possible. If one makes a personal expense, same must purchase something of silmilar worth for the other.

But I must make this clear. It is only possible because we discuss and deliberate on everything everytime. So personal expenses are never strange or unexpected. We always already have an idea of what the other wants and needs so when such expense is made even at no notice, none if us is surprised.

Has the going been always smooth between us? Strangely, yes. Cos sorry is never difficult. Please is always close. I love you is everyday. We pray together and know that God is the reason why we are.

It's a choice. We chose from the beginning to live like this. And it's been so worth it.

LewsTherin:

alutacontinua:
@lewstherin, beautiful!

I've watched my parents do the joint account thing all my life and they're perfectly fine with it
I ain't fine with it though cos there's no chance of taking from dad first, and then mum



If applicable, I'll do same with my partner

ultrazone:
For some time now I've been thinking about this. I'd love to have a joint purse with my future spouse. I believe this will make issues like budgeting and resource allocation a lot easier. Listening to numerous opinions online and offline, many people believe that this idea may breed problems especially when partners' background and income differs.

Would you join purse with your partner? If you are currently into it, kindly share its challenges and how you were able to manage them? What is best way and in what situation should you run a common purse?

I'm eager to learn from Nairalanders. Please don't go away without putting in a comment.

LewsTherin:
If one makes a personal expense, same must purchase something of silmilar worth for the other.

bigheart2013:

However joint account works only if a man is making more money, if the woman is making more money, she will never agree to joint account. Ask your dad!

Amuga:
My husband and i have a joint account, the alert goes to one number (which we all know is his). Few months ago i was so bitter with him, what he does is to send money to his younger sister, with her unending bussiness ideas that we have not seen any profitable one out of them all through that account and immediately delete the alert sent to his phone.
I wont advise my younger sister to operate a joint account.