₦airaland Forum

The question “should couples have a joint or separate bank account is a compelling question often raised by married couples and soon-wed couples. This question is often driven by the desire of such couple to obtain what is identified as ‘financial unity.’ Many couples, however, wants well-structured family finance, hence they are curious to know.

Well, this article is not written to exonerate or downgrade any form of accounts couples resort to making, but we will be leading you to see few pros in whatever form you have taken with a close and brief conclusion leaving the choice into your hand.

Therefore should couples have a joint or separate bank account? Examine the pros and then infer your choice.

Joint Account’s Pros

1. Foster’s Unity: Running a joint account breeds unity among couples. There is no secrecy in the use of money. When matters relating to money comes in form, there will be smooth. There is no secrecy in the use of money. When matters relating to money comes in form, there will be smooth “sit-talk.”

2. Splitting Bills Comes Pretty Easy: How do you think it will sound if you are not transparent about your spouse’s account, and you are making a move to split bills? It might not just work out; conflict would certainly arise. Splitting up bills when couples run a joint account, there would be no conflict.

3. Improves Communication: Financial discussion needs to be clear and direct between couples. Thus a joint account encourages constant discussion relating finances.

4. Attaining Financial Goal: I am not inferring that without a joint account couples cannot attain the financial goal, but with a financial goal, there is a more strong inclination to work as partners in accomplishing financial goals. but with a financial goal, there is a more strong inclination to work as partners in accomplishing financial goals.

5. Money Treated as Our Money: Household income in a joint account will often be treated as our money, not “mine” or “yours.” When money is treated as our money there is a sense of joint ownership.

Pros of Separate Account

1. Privacy Maintained: When operating a separate account, there is an ability to maintain individuals privacy about spending.

2. Independence Spending: In a joint account, you possibly cannot be independent whilst there is a need to speed, your spouse will surely be aware. But in a separate account, you can be independent.

3. Easy to Make Surprises: Some individual might want a surprise, therefore if you identify that your wife or husband appreciate surprises, a separate account would afford you to surprise your spouse with gifts.

4. Specific Saving Goals Can be Attained: Unlike in a joint account, where joint goals are subject to concern while running joint specific goals might not be feasible. But in a separate account, you can confidently attain specific goals.

Conclusion
After having an overview of the two types of account couples can run, what can we conclude? The intentions may govern which form a couple will result in operating.
However, I strongly feel that the best way to go is a joint account. Hence if you consider your intention basing your conclusion on what has been reviewed, you will make the best choice.


http://askgloriawems.com/couples-joint-separate-bank-accounts/

Good question, but ask your self why should they? When they dont have joint stomachs, they have seperate stomachs with different appetite one of them must be a glotton.

[quote author=jwals post=65393301]Good question, but ask your self why should they? When they dont have joint stomachs, they have seperate stomachs with different appetite one of them must be a glotton. [/quote

well, I believe it's a matter of choice .

I can run a joint account but we must agree on d percentage I am to contribute. I can't give my entire salary, mayb 30%, then I will keep my personal account, pls keep off that account. he nor concern u

gloria34:
I can run a joint account but we must agree on d percentage I am to contribute. I can't give my entire salary, mayb 30%, then I will keep my personal account, pls keep off that account. he nor concern u

LoL u have a point

Yes l support the Joint account of a thing but you should also have your personal account.

And when couple decided to go onto joint account, the husband should contribute the highest percentage so as to control the his woman because if you allow woman to be in control of finance (not all though but the truth na)sorry na your name.

Look up at gloria34 post to confirm am ohh

ifyan:
Yes l support the Joint account of a thing but you should also have your personal account.

And when couple decided to go onto joint account, the husband should contribute the highest percentage so as to control the his woman because if you allow woman to be in control of finance (not all though but the truth na)sorry na your name.




Look up at gloria34 post to confirm am ohh

I concur

Try joint account with the wrong person na die,
You have used your hands to kill yourself.

As for me, I will take to my mother's advise, she said, she will personally kill me, if I try it.

She had one with her sweetheart and he ran away with all the money and his new babe.

She was so 'pained', because she contributed 80% of the money

Couples should be one. While this does not mean that they should have 'one' of everything all of the time. It does mean they should plan, budget and keep thier couple goals in focus everytime they spend or earn.

My Husband and I don't run a joint account physically, but we sat down spoke about our sources of income and planned our progress as a couple, what to save, what to spend on household management and utilities, what to give and what percentage to invest. Based on our earnings, we also both have our individual pocket money-spendable as you desire.

Note: my husband is a business man so his earning is irregular, sometimes lump sum, sometimes nothing for a while. But we looked over the past 2 years and Drew up a lower monthly average and stick with that, and God has been faithful.

Of course na different type of couple we get in Nigeria and not all couples mean well for each other or are happy in thier marriages.

Op, no try am o biko

Under no condition or circumstances will i operate a joint account with my wife.By the grace of God,in a year or two from now,i should b married. I have consistently at different marriage seminars for spinsters and bachelors spoken against joint account for couples. I don't like it for any reason in the world,it has the capacity of affecting one's relationship with his/her family. For example, its not everybody i give money to that my wife should be aware of.Also,its not every family member or friends my wife give money to that i should be aware of.For me,there are more than a thousand ways of fulfilling the biblical two shall become one,other than operating a joint account.

Jorussia:
Under no condition or circumstances will i operate a joint account with my wife.By the grace of God,in a year or two from now,i should b married. I have consistently at different marriage seminars for spinsters and bachelors spoken against joint account for couples. I don't like it for any reason in the world,it has the capacity of affecting one's relationship with his/her family. For example, its not everybody i give money to that my wife should be aware of.Also,its not every family member or friends my wife give money to that i should be aware of.For me,there are more than a thousand ways of fulfilling the biblical two shall become one,other than operating a joint account.

Kai you harsh ooo