A Joint Bank Account Strategy for Couples

I’m a feminist (of the Cathy Young brand of equality feminism, not the cuckoo-for-coco-puffs Andrea Dworkin or difference feminism brands of feminism).  Sometimes I’ve grappled with the best way to divide expenses within a romantic relationship.  As an ideal, splitting the costs evenly seems to make sense, but I’m certainly aware that often two people will differ in their disposable income or earning potential.  The actual mechanics can sometimes be difficult, with each person thinking they’ve paid more or becoming amateur accountants trying to balance the various expenses.  In the past, I’ve typically taken a generous view and offered more than strictly half (and have never come to regret it), and have had the good fortune of having mostly dated women who insisted on keeping things fairly divided.  Read More…

This article has 5 Comments

  1. Roland Vredenberg

    I knew a couple that were dating for about 3 months before deciding to go for a joint account. Bad idea right? Right! 6-months in and there big fight ended up with one of them clearing out the account and disappearing.

  2. Halley C

    I think most couples have joint bank accounts and for the most part have never experienced any issues. It is another level of trust that only comes over time. No strategy needed there, just time.

  3. Darell

    I always say when you are in a marriage to always have separate accounts but another as a joint account for daily expenses. This way any personal things you want to do is your business.

  4. Moses

    Bad idea. What if the man decides to use the money in the account for cheating. There is no legal course against it and so the victim would have to suck it up and move on.

  5. Alden W.

    A joint account by couples is good and bad. Good because the funds can be used for family purposes, bad because it can be open for abuse by one or both. I am in a join account with my partner and although things have been fine i do wonder at times.

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