Joint Account

Have a single and joint account, me and the wife pay in 1k to the joint account each month and all bills are paid from this account.
 
Funny this thread should crop up. I'm due to receive my joint HSBC account details today. Signed up with the GF as we have bought a house and will be contributing into the account from our current accounts to pay all bills.

Similar to showboat, do you pay 1k EACH or just 1k between you? I think we are looking at around £1.5k a month between us for where we live and our bills :(
 
We have a joint account which is used for day to day spending, and an account in my name used to pay all the bills. Also several savings accounts in our own names.
 
Lead_Head said:
Bit of a bump... but can anyone recommend a good bank for joint accounts? Me and my partner are looking at opening one up but not sure who to go with.

I'm currently with HSBC and want to keep my own bank account. My partner has savings with Halifax and a current account with Barclays.

Will one of us need to move banks in order to open a joint account, or can we just go to any high street bank and open a joint account there and then?
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You can have you account where you want. They may put conditions like a certain amount of cash has to pas though it each month though.
 
I just tell the gf she owes me £300 a month for rent + bills, so each payday she pays that into my account, then ~£600 goes out of my account

No point making a new account just for that
 
Knubje said:
Funny this thread should crop up. I'm due to receive my joint HSBC account details today. Signed up with the GF as we have bought a house and will be contributing into the account from our current accounts to pay all bills.

Similar to showboat, do you pay 1k EACH or just 1k between you? I think we are looking at around £1.5k a month between us for where we live and our bills :(
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Depends really. I earn a lot more than my fiancée so wouldn't expect her to contribute the same amount towards bills. So the way I work it is I pay for all the bills and the remaining goes into the joint account, then she pays all her wages into the joint account. The money in there is then used by us equally.
 
msm722 said:
Depends really. I earn a lot more than my fiancée so wouldn't expect her to contribute the same amount towards bills. So the way I work it is I pay for all the bills and the remaining goes into the joint account, then she pays all her wages into the joint account. The money in there is then used by us equally.
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Makes sense! I earn very slightly more than the MRS take home. Hence the proportions to the total amount we are thinking will be more for me and slightly less for her. Leaving us around the same in our current account each month, each!
 
Exactly. Otherwise my missus would end up with no spare cash while I'm minted :)
 
McManicMan said:
Joint account for last 18yrs, don't see the need for any other accounts or having seperate unless you hiding something or planning to leave your partner, lol
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See, to me this is bizarre. Joint account for all joint transactions make sense. But what do you do if you want to purchase something expensive as a surprise present for her birthday or christmas? Kinda ruins the surprise somewhat if the other half can see what you've spent. Or if payments to a credit card have gone up!

There's always occasions to hide from your partner, on a bi-annual basis at a minimum!
 
joint account - each pay an equal amount in per month for mortgage, bills and food etc

seperate account each - spend/save what we like (what is left from our income)
 
Me and the missus have just 1, joint account.

I have heard all sorts of ways couples do their finances. Anything but joint account is a bit strange (to say the least) if you ask me ..

'I trust you to love me forever, to not cheat on me, and I commit my life to you, in fact I trust you with the most important thing I have -- bearing and raising my children and owning my heart. But I don't trust you with my money - screw that .. do you think I'm mental? Make your own darn money - and no .. I don't care if your standard of life is worse than mine .. if you can't afford something you want -- tough luck .. get a better job or wait until Christmas and you may get lucky .. lol.'.

I mean -- seriously .. WTF?? Bizarre way to want to live and run a relationship ... money just isn't that important .. stop being so darn *****!
 
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Nathan said:
joint account - each pay an equal amount in per month for mortgage, bills and food etc

seperate account each - spend/save what we like (what is left from our income)
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Do you earn similar amounts? I can only see this working if you do. As mentioned above, in my situation, my missus would be short for money while I would be minted.
 
I have a Joint Account + my own personal Savings Account. Wife has her own Account + her own Savings Account.

I pay 2/3rds of the bills + the joint Mortgage and she pays one third of the bills and also pays for house repairs + improvements.

Any remaining money in the Joint Account is mine to spend as I please and the same goes for her account. We will pool money from both for big things like Holidays or go 50/50 on household goods.

It's complicated but works a treat.
 
I have a joint account with my wife, it just makes life so much easier.

the only downside i've yet to see is at xmas time its too easy to see what the other one has bought off the net etc for presents.
 
msm722 said:
Do you earn similar amounts? I can only see this working if you do. As mentioned above, in my situation, my missus would be short for money while I would be minted.
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Agree. I'm off out for beers then to the cinema then a nice meal -- all by myself -- because she can't afford it!!

Sounds rubbish .. and ripe for abuse (as in .. I'll give you the money if you do something I like when we get home ... the choice is yours).

'Orrible ..

I've got friends who have got wives and with their betrothed they have conversations like

'Can you lend me a tenner?'

'No way, you still owe me £17.60 for the petrol when we drove to Birmingham'

'But the petrol was less than that'

'Yea -- what about 'wear and tear' on the car?'

'Fair enough -- but I bought the kids a Macdonalds yesterday for £9.60 so you owe me £4.80'

'Well take it off the money I had to put into the electricity meter .. '

And it goes on and on. It's horrible!
 
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See I can understand wanting your own money to spend aside from your partner, but when you own a house together/married I see it a lot differently. Combine the income, put money into 1 account for bills, and what is left over goes into a joint account for both to spend. Very simple.
 
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