How can married couples successfully manage joint bank accounts?

Question : How can married couples successfully manage joint bank accounts?

joint bank accounts

Best answer:

Answer by mrs_g
He’s terrible with money, so I do all the managing of it. If he writes a check, he just tells me right away so I can take care of the checkbook.

This entry was posted by admin on October 30, 2010 at 11:39 am, and is filed under Banking. Follow any responses to this post through RSS 2.0.You can leave a response or trackback from your own site.

Comments (14)
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#1 written by Snarky's Wife 1 year ago

We have a joint account and we’ve never had problems. We rarely use checks, except for certain mail out bills, and most of the debit card transactions hit instantly. Having online access makes it easy to keep on top of things. Then again, my husband and I discuss our budget and neither of us spend outside of it.

My ex, on the other hand, made sure to write hot checks and overdraw every joint account we’ve ever had.

Hopefully you’ve chosen a mature person as a spouse and don’t have to worry about people like my ex. Boy was I stupid.

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#2 written by Trevor 1 year ago

Every month do a budget and agree on how much each partner can spend on their own wishes.
I AM IN THE PLAYPEN WITH SWEET MILDRED…CRAWL IN AND JOIN US

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#3 written by laplandfan 1 year ago

easy
Put the Woman in charge and just give him some pocket money for being a good boy every so often

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#4 written by goo_head_83 1 year ago

Marry someone from the Midwest. They are the most honest with money.

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#5 written by trigger 1 year ago

My wife is better with money than I , so she has the check book. When I get a check from her I let her know the amount I wrote it for fast. We haven’t had a bad check since she took over the account 25 years ago. It works for us.

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#6 written by Leigh B 1 year ago

Have an “allowance” for each person to be able to spend on whatever they want. It’s also easier if only one person deals with the budgeting and bill-paying, but both should check in regularly and know where the finances stand.

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#7 written by someonesmsright 1 year ago

Trust and good communication

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#8 written by Stacey 1 year ago

I manage the money for the household, but I make sure he’s aware of our financial situation so that we can decide together when to make major purchases.

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#9 written by kaycee 1 year ago

My fiance and i joined our bank accounts. And i shop way to much so he tracks my credit card online. And i have to ask him before i buy anything over $ 200. He takes care of bills and stuff like that cause he is amazing with money. He hates spending it. So yall need trust.

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#10 written by Jane Marple 1 year ago

The common checking account should be used to pay house expenses like utilities and groceries. You both put a established amount in there each month. You should also have a saving account in which you both save for emergencies and trips and fun stuff. If there’s anything left on your paycheck it’s yours on your personal account.

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#11 written by jonesdela 1 year ago

don’t have joint accounts. Have a joint account for when you and your husband pay bills. Then each of you have an individual accounts for your personal expenses.

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#12 written by eqaddix 1 year ago

What? Someone mentioned a checkbook? I bet you still write checks too, wow.

Anyways, it really isn’t that difficult, just have a budget and keep each other informed of purchases, how hard is that?

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#13 written by Gwen 1 year ago

Make sure you don’t spend more than you make. Sit down and look at your expenditures together and create a budget.

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#14 written by Happy-2 1 year ago

All it takes is trust, monetary self-discipline on both spouses’ parts, and shared financial values.

We’ve been married for 23 years, we’ve always had a joint account, and since the above paragraph is true for us, money has never been a problem issue in our marriage.

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