Joint accounts – good or bad idea?
When it comes to relationships, money can be the sealer or the deal-breaker. Yet some couples have managed to mix business with pleasure, sharing joint bank accounts and making it work.
But how good of an idea is it to pool finances? Some readers share.
Ann-Marie:
My husband and I started saving together before we got married. We were thinking of doing business together and investing together. Despite everyone telling us it was a bad idea to mix business with our relationship, we both have respect for money and for years we have been successfully saving to the point where we don’t borrow money from banks. I suggest that young couples do this and please ignore the naysayers. Once what you’ve got is real, money will only add to it, not take from it.
Yvonne:
I do share a joint bank account with my partner and I must say, it was the best decision we made together because two is a powerhouse. We could pull on our funds to take care of bills and even pay tuition for our son. I encourage couples to build together. That is what is missing from today’s generation – love and commitment. Money exposes the fake from the real.
Latoya:
When my man and I decided to save together, truth is I was very afraid because I grew up in a house of predominantly women and the advice was always, ‘don’t trust men’. So you can just imagine how terrified I was at this idea. But I saw the meaning of it over the years and we had it to fall back on in urgent times.
Aneka:
Not only do my husband and I share a bank account, we own and operate several businesses together. I think it is wise when couples invest together and it is even more powerful when the interests are the same. For my husband and I, we love cooking so it was only natural for us to open restaurants.
Jennifer:
I know a lot of women would say it is crazy saving together with a man who is not even your husband, but I have done that with my man and right now it is the saving grace for my children because from it, I send them to school and buy books.
