Joint Account

Stolly · 1 Dec 2009 at 23:49

We have seperate accounts. She moved in with me, everything was already setup to use mine, we had seperate incomes etc and she just paid her part of the bills into mine.

8 years later she has effectively left work to care for the kids and therefore has almost no income, in fact i now pay money into her account.

Can't see the point of a joint account that only one person pays into.

[DOD]Asprilla · 1 Dec 2009 at 23:53

Stolly said:
Can't see the point of a joint account that only one person pays into.

I hate doing banking; I pay the cash into the joint account and Mrs Asprilla pays all the bills and such. Also it means we can both pay for shared items from a single dedicated account.

If I wanted to I could do the banking but I don't, especially as it's with LloydsTSB who staff their call centres with syphilitic chimps.

Stolly · 1 Dec 2009 at 23:58

[DOD]Asprilla;15439453 said:
I hate doing banking; I pay the cash into the joint account and Mrs Asprilla pays all the bills and such. Also it means we can both pay for shared items from a single dedicated account.

If I wanted to I could do the banking but I don't, especially as it's with LloydsTSB who staff their call centres with syphilitic chimps.

I hate banking too, which is why everything was setup for my account when i originally bought my first house way before i met my missus and i can't be buggered to change it now, especially since it would make no difference as to who supplies the money to pay the bills.

Gaz1988 · 2 Dec 2009 at 10:06

Only a joint savings account as we are trying to save for a house.

[FnG]magnolia · 2 Dec 2009 at 10:25

We have 3 joint accounts : current, savings, and term deposit. We just find it easier to have this than the multitude we had before.

aln · 2 Dec 2009 at 10:41

If you've got yourself a housewife, then you need to share your money in my opinion. Where as, if shes working, you should both be able to keep your own money and split the bills evenly, but in this case you should also split the house work.

How you split this over joint and personal accounts is up to you, but I personally think for a working couple you earn your own money and pay evenly into a joint account. If one of them earn more, then good for them. I don't really subscribe to the opinion that you should pay more because you earn more.

Sawell · 2 Dec 2009 at 10:44

I was going to get a joint account once.

We broke up though, so I guess I'm glad I didn't.

platypus · 2 Dec 2009 at 10:46

We pay our bills and costs out of our joint current account, we have a joint holiday account, a joint savings account, and then I have my own savings and current accounts.

ntg · 2 Dec 2009 at 10:50

KaHn said:
Because what I earn is none of anyone elses business and that even if I did agree to have a joint account I wouldn't have all my wages go into it.

KaHn

So you are prepared to live all your life with someone, dedicate yourself to the fullest and take care of them and defend them with your life - but as far as money goes it's none of their business!

Interesting...

Narziss · 2 Dec 2009 at 10:55

JohnnyG said:
joint account is for bills and stuff which we both pay in to and what's in our own accounts is ours to do with as we wish

This

mrbios · 2 Dec 2009 at 11:01

Sole account for my to be paid into and have some bills i pay myself go out of
Joint account which me and my missus pay into to pay some bills which we both pay towards
ISA for savings

ntg · 2 Dec 2009 at 11:05

msm722 said:
Agreed. I wonder if anyone sticks with the 50/50 split for bills despite earning different amounts?

No, that is nonsense. If you are married with someone you keep a joint account regardless of what they earn (or even if they don't earn). They are supporting the marriage in their own way (perhaps non-monetary one) - if they didn't you shouldn't be with them.

Jez · 2 Dec 2009 at 11:15

Everybody i know in a shared position generally has a joint account purely for bills, and then their own seperate accounts for everything else. This seems the ideal way to run things to me.

The joint account is then fed with proportionate agreed payments.