Financial stability is the goal of every individual, we all want to be financially stable as singles and couples.
Financial stability for me simply means to be able to afford once needs and wants with ease and not struggle.
For me I prefer not having a joint account with my spouse for some reason which I will share with you all but first let me set some things straight, as it is in my own opinion not to have joint account with my spouse, doesn't mean it is right or wrong but it's what I wish to do, and not having a joint account with my spouse doesn't mean she doesn't have access to my account.
These are some reasons why I don't want to have a joint account with my spouse.
I wouldn't want a situation where I will need to talk to my wife over some things before using money from an account because I believe for you to have a joint account it demands some level of agreement on what and how to make use of money from the joint account, which I'm not ready for. I would like everyone to have freedom to use their money when they wish without giving an explanation for how or why they spend the way they did.
2)Some persons can be unreasonable sometimes, though the person is your spouse but he/she can still make some irrational decision when it come to money and like they say money changes man, so when he/she sees that probably the money in the account looks large or plenty they start to spend carelessly which is very bad and for someone like me I hate it when someone misuses my effort or sweat, and this may lead to serious quarrel.so I don't buy the idea of having a joint account.
3)Most of us men like to be secretive about our earning, having a joint account will definitely or probably ruin that for most of us so i also don't buy the idea for this reason too.
For me it take two to agree but when it comes to financial issues I think I'm better off handling it myself and where I'm finding it difficult I can swallow my pride and ask my wife but other than that I prefer doing most things for myself, and not to add to the fact that when women contribute to the financial needs of the house some of them feel entitled to many other things, not like I like dominating the house but at least some level of respect is required but I guess when women start knowing your income and start supporting they just feel automatically entitled which is bad.
Most times having a joint account can be very nice but for most cases I think it brings more horrors to some homes than peace and support.
Well my advice for those wishing to have joint account with their spouse is these,
1)Make sure your partner has the same goals as you.
2)make sure your partner is not the one who can't control his or her spending habits. If not, you are only enhancing their reach.
3)make sure you have a separate account. You save money for your personal use if not you might end up becoming deprived of your own money especially if your partner is authoritative.
I believe with these few steps it will definitely help you manage having a joint account with your partner but of all make sure you study your partner spending habits this is very very important.
Well for me joint account is not my thing and will not be my thing because I see it as a very risky play.
