Is sharing bank accounts the right thing to do? There are numerous people who go through a lot of financial trouble after shadi especially girls. I dont like asking anyone for money not even my parents i guess over the years i have become pretty independent.
Or may be i can buy bonds and not have him know a thing about it. Then wont that be lying…
i am thinkign of having a straight forward conversation with him. i think we should have a joint checking and savings but have our own separate accounts for savings as well. You never put all the eggs in one basket.
People do leave you in middle of no where i guess i am afraid of not having in my hands if that happens. Yeah i knwo i am thinking negative and my life hasnt started yet. But i get scared when i hear and see all these women around me crying and with nothing.
how much of a risk am i taking with this shadi thing?
Throwing away all of my savings…
Having a talk with him about having a separate bank account is not a bad idea. It might not be the first topic you want to raise...might come across as a bit fiesty...but its an issue that should be raised, especially if you've got your own job from which you have a steady income coming in.
You give birth, he pays the bills. He need not dip into your savings to do that, right?
If you're comfortable with that. Personally, I think being barefoot, pregnant for 9 months multiple times, and then dealing with raising children is fair exchange for him paying bills, and house mortgage, etc.
You think those morons can last with raising kids for even a day? No. When its their turn to take care of the kids, you know what they do? They order pizza and play x-box with the kids.
I'm for seperate accounts. But using the money wisely and asking eachother before purchasing big items.
Like one can pay the rent, the other pays the bills. One can save for vacation and the other can save for a new home ect.. Make a plan of what u want in life and then go accordinly. I dont believe in secrets savings .. if I want to save just for myself then he should know what I'm doing. (it can cause misunderstandings, if he somehow finds out that you have a secret saving account)
Think from a immigration point of view, you need to have a joint Account.. I would like to have a separate account, don’t want to share my money, cuz I know she will all spend at shopping.
My parents had a joint bank account where the money my dad made went and they both had acccess to it.
My mother also had a second bank account in her name alone for the money he gave her every month and for money she made from her own job (during the 3 years she was working).
i don't have a job .....i have two accounts ....one only for saving ...n one for bills etc. this one is kinda joint ...coz even though its in my name ......its used for all bills n other payments ....its my duty to check if all the things are being paid correcly,...n its his job to fill it up from time to time :D
he doesn't care what i do with the money he gives me ....i never have to ask (Thankfully) n i try to spend it wisely n try to save at least 5% of whatever he gives me :)
The relationship between husband and wife is built upon trust. At this stage in life, both should be mature enough to handle their finances responsibly.
In most cases including my own, couples have a primary joint bank account which has what the husband makes, or it could also have wife's income IF she wants to. This is used for everyday expenditures as well as for paying all the bills. If the wife is working, she may opt to have a joint or separate savings account with an understading from both that it is her account and the money in there is for her to use any way she wants to.
My husband and I have a shared chequing account where both of our salaries go into it.
Then I have my own savings account which I have had since grade 8.
We pay all our bills (all household, grocery, car, insurance etc items) from the shared account; and in my own account, I deposit my overtime money from work or my birthday money/eid money from relatives and friends. I call it my diamond earings fund. I think this is a fair way to pay all bills from a joint account, and each keep your own on the side.
There is no right or wrong way of doing these things. Really depends on the couple, the income they get and the way they live.
In the west, unless the marriage is being annulled for some crime (domestic violence or infidelity etc. ) or the couple had a prenuptial, in most cases the money goes 50/50 even if both had separate accounts. I maybe wrong and it may also depend on state laws.
Though any relationship that starts with doubts usually ends in a disaster. Take marriage as learning swimming, you can tip toe your way in or jump in deep. And it is a fact that those who jump in deep learn quickly and are far better swimmers.
^ Yeah it depends on state laws. Some states are what is referred to as "anti-male", which means that in a divorce the female gets most of the benefits. Just because she's female, unless the circumstances are really extraordinary.
Do you know that a couple living together for 7 years is considered married, and their separation is treated as a divorce, legally?? :o
Just letting all the fellahs here know in case they decide to dismiss the option of marrying mummy's choice. :D
i don't see what the problem is about having your own personal account as well as a joint account. it wasn't an issue at all for me. besides girls are entitled to their own money and they don't have to share it with their husbands because it's the husband's responsibility to take care of her. so quite frankly, it's none of the husband's business how much money his wife has because he has no right over it.
I used to work in Revenue Canada for more than 4 years.
We used to seize bank accounts of people who owed money to the crown, but if the account was joint, and suppose the husband only owed money, we weren’t legally allowed to seize it because we are not allowed to blame the wife for her husband’s debt with CRA.
So if you have any doubts about your future with your significant other, then you should think about this.
My plan ... 3 accounts ... fair n' square ... err maybe equilateral triangle :)
one all your own
one all his own
one joint (each person put in 1/2 of their respective wages)
islamically if i am not mistaken... money earned by a woman is her money. the husband is supposed to provide food shelter. i think desi men could care less about their womans earnings anyways.
but there is a double standard where a man can get really screwed here. ya fellows catch my drift. the woman can use the islamic laws and say all my money is my money and all your money is our money.... but then hop over to american law if things go south and claim man's assets when she contributed nothing.
