Joint bank accounts

[Salazar]

Do you have joint bank accounts with your wife? It seems like more and more people are getting away from doing that these days. I have a joint checking account with my wife, but I guess I'm lucky because she's really good with money.

 

[matt456]

A joint account is not a bad idea after all. We do not have an ATM but any of us can draw the money from the bank. It is a matter of trust but I know it does not work for everyone.

 

[Paul40]

We do and I also noticed that some of my friends don't. I can't figure it out really. All of our money goes in to 1 account and we use it for bills and whatever else we need.

 

[Seven]

It works out better for us to have separate accounts. We tried the 1 account route for awhile, and it just didn't work out. It's just one of those things.

 

[McGregor]

We have our own savings accounts since we haven't got married. Now we also have a joint savings account for emergency fund, so we won't withdraw money in the account unless we really need it.

 

[Jeff]

We have joint accounts but also each have separate savings accounts we just never bothered to close becuase they are in separate towns from us. My grandparents had separate accounts and I couldn't understand it either, becuase it is easier to pay bills and know what you have if you have it right in front of you.

 

[Salazar]

Jeff - That's my thinking. But at the same time I guess I'm not smart because my ex took me for the financial ride of my life and then I turned around and opened an account with my wife. That said, she really is better with money than I am. And she doesn't complain about my spending...she has a way of lightly reigning me in when it gets to be too much.

 

[MilwaukeeJoe]

We do have a joint account, but my wife handles the books. Things are much easier to keep track of now that online access posts everything so quickly.