I saw a little blurb about this is Redbook and I'm curious where you all stand on this, separate bank accounts and to take it one step further, secret bank accounts from your spouse.
I'm just going to put it out there. I don't get it. We have one checking and one savings, in both our names. Ok, well we have other accounts too, cripes, some I don't even pretend to care about. His job is to make the money and one of my jobs is to make the money go as far as it can.
But all in all, what's his is mine and whats mine is his.
Course, jokes on him, I don't bring a whole heck of a lot to the financial side of this relationship.
I am a SAHM, my paycheck mainly comes in the form of sloppy hugs and kisses, the occasional hand picked dandelion, or an "I love you mom". All of these I will take over a conventional paycheck. And none of this makes me nervous about my financial well being.
We really do firmly agree in this house that his money is not my money but OUR money. I don't stash money away so that if God forbid he left me I would have money of my own, I don't fear that he's going to "cut me off", I don't worry that I'm not an equal partner.
Even when I was working it all went into one pot. None of this, he pays the rent, I pay the household bills, that's too confusing to me. In it all went. And when I stopped working I didn't feel like I had to hoard some stash for safety.
Flyboy and I look at it this way, if we trust each other implicitly with our hearts and souls, if I trust him to provide for our family and likewise he trust me to raise his children (and given some of my post, really that's a full time job) then why would we need to keep our accounts separate?
Hey I trust you with our kids but I'd like to keep our money separate. That wasn't a message that we wanted to send to each other in our marriage.
I get that to each their own, I get that there are situations (ie abuse) where it is smart for women to have money set aside, I get that for some couples separate bank accounts work very well.
I don't make it a habit to poll my friends to ask them about their financial set ups, so who knows maybe I'm in the minority with my thinking. I've been told before that sometimes I can be a bit old school. I know that anything can happen, that even the best marriages go sour, I have faith in not just in my marriage but in my husband.
That and if he ever thinks he's getting out of this setup alive, I'll take the poor bastard to the cleaners.
So anyone care to give their 2 cents? Not that we have to open a joint account or anything.