Is it a wise idea when you get married to get the same bank account as your spouse?

When you get married, would you rather have a joint bank account account with your husband or just keep or you own bank account and don't merge accounts? Keep in mind of being a stay at home mom after years of working at a good job, and divorce?Is it a wise idea when you get married to get the same bank account as your spouse?
I am happily married and do not comingle with my husband. We have separate bank accts, credit cards, etc. The only thing with both our names is the mortgage which he pays and I pay for all other household bills. We each pay our own credit cards (one each) and it works out great.





If I want to go out and buy 18 pairs of shoes, as long as the other bills are paid - he can't say a word! Not that I would ever buy 18 pairs of shoes ;) just an example!





By remaining separate - we never and I repeat never fight about money. This is a huge reason why most marriages fail like the other answers say.





I think the decision to comingle and have joint accoutns is one that has to be made on a case by case basis. Should you feel like you want to remain independent with your money than go ahead.





Just come up with a plan/budget on how to tackle the monthly household expenses.





Good LuckIs it a wise idea when you get married to get the same bank account as your spouse?
It is a wise idea to have a combined bank account, not to merge both of your accounts together. Finances could get a good marriage to a divorce if the couple do not speak the same language. So it is good to have an account for everything for the household, and separate accounts for personal stuff.
I believe have a joint account .Also in case the marriage fail have a secret saving account.
1 joint account to pay bills. Keep your 'She Money' in high interest bearing savings account.





Are you a working stay at home mom (home biz) or is he the primary bread winner? If you don't currently have an income, you may not be able to contribute to the joint account but our names should both be on it as perhaps you are the one who pays the bills.





You BOTH need a retirement savings account together too. You should manage it wisely - studying the market - speaking with your financial advisor etc





Read the Automatic Millionaire by David Bach in our spare time.





E-mail me if you need a legitimate home business.
I would have 1 joint account and 1 savings account only in my name. That way if things don't turn out right, I would still have my own money
I am no expert, but the best option may be to have a house account for regular monthly expenses (mortgage or rent, utilities, etc.), then decide if each party wants to have a separate or joint account for incidentals. Although, 2 people running around with separate debit cards for the same account sounds like an overdraft waiting to happen.





It is easy enough in this electronic age to do a split direct deposit of your paycheck, with a fixed amount to the house account, and any remainder to another account.
If you DON'T merge all your finances with your spouse, your marriage will fail.





Despite what people generally believe, more marriages fail because of financial problems than because of infidelity; be open %26amp; honest in all your money-dealings with your spouse, and happiness will follow!








And mjgreele is mistaken....by LAW, half of what is in her ';hidden'; accounts belongs to her husband. In the event of a divorce, she could go to jail on a fraud charge if she tried to withhold half that money from her husband!

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