Pause for a while! Take a sip of coffee ☕ and Let's quickly read this short story of mine!
Okay! So, there was this day my mother-in-law was supposed to give me some money, she called to let me know she was giving the money to my hubby so he could give it to me. You needed to see how I was boiling with anger ...Why on earth will she give him my money? because I know for a fact that, that money will not reach to me complete 😂 She could not help but asked why I was angry because yes, the man in question is my husband but NO! Hell No! I don't want my money to be connected to him in any way. 🤦😂
She asked me "what if my husband would suggest that we open a joint account" you needed to hear the way I was shouting "NO WAY"! Why will he even suggest that? I know who my husband is and that's why I will not second to any joint account. LOL!
Why am I sharing this?
Before couples can decide to go into having a joint account. They must have first of all known each other very well. Knowing what your partner is capable of, especially when it comes to financial aspect is very important.
Also, there are 4 very important things when it comes to having a joint account with your partner, they include
- Trust
- Understanding
- Communication
- Discipline
You see these 4 things, whenever money is involved, if their presence is not noticeable, then expect everything sour there.
In as much as these 4 things are needed, to be sincere, Having a joint account is not safe for both parties. See! Whatever that involves money is sensible which is why couples have to think twice before getting themselves involve in anything joint account. God forbid but what if the relationship ends, it becomes a problem for both parties, one party might decide to clear the money in the account leaving the other party devastated. But this can never happen with your personal account except anything otherwise.
Having a joint account means you don't have financial freedom.
Yes, scratch that! Like, knowing that you have to take permission before making withdrawal or you will have to explain what the money is meant. That's financial bondage. And that is why it is not safe for couples to have joint accounts so every couple can have their freedom when it comes to money. Moreover, there are many other ways to grow financially as a couple, it mustn't necessarily be through a joint account.
Pardon me! I know I should have carried you along on the topic of discussion right from the onset but, it is never too late right! Take a peek 👇
Financial stability is one of the goals of many couples, and to achieve that, we have seen couples adopt the use of a joint account to monitor their finances. Just as it has helped many couples, it has torn many apart. What's your take on couples having a joint account? Is it safe or dangerous?
All rights, that's it
I hope you enjoyed reading through
All photos are mine! Created on Bing.com and edited on Canva
