Guys what do you think:

A couple is planning to get married. Both of them have accounts at different banks. After they get married should they have:

1. a joint bank account
2. seperate accounts
3. keep their accounts but open a joint account to pay off the bills

well if there was we, i would consider choosing a bank which keeps money at the highest yield. so our money can grow.

well if there was we, i would consider choosing a bank which keeps money at the highest yield. so our money can grow.

for this reason u dont have to keep only one account. Use one with the highest yield for savings and investments of the family funds and other accounts for other purposes

Guys what do you think:

A couple is planning to get married. Both of them have accounts at different banks. After they get married should they have:

1. a joint bank account
2. seperate accounts
3. keep their accounts but open a joint account to pay off the bills

A joint account has advantages and disadvantages. Ideally, a couple shows unity and trust by opening a joint account. However, when dealing with such accounts there is always "not enough authorization" in order to deposit and/or withdraw money. Notwithstanding, it is much easier to budget and keep track of the spending with a joint account. This is not to say that one will be controlling the other, the idea is to assess family spending and projections for savings and investments.

My personal choice is to have a combination of both types, where one master account is used for the day to day spending and the rest for the investments in the individual separate accounts.

A joint account has advantages and disadvantages. Ideally, a couple shows unity and trust by opening a joint account. However, when dealing with such accounts there is always "not enough authorization" in order to deposit and/or withdraw money. Notwithstanding, it is much easier to budget and keep track of the spending with a joint account. This is not to say that one will be controlling the other, the idea is to assess family spending and projections for savings and investments.

My personal choice is to have a combination of both types, where one master account is used for the day to day spending and the rest for the investments in the individual separate accounts.

i agree with you 100%

I like this question. I think both should keep their own accounts and open a joint account also. But it really depends on the individuals and the level of cooperation and understanding between both people. If they are the type to always consult each other regarding significant purchases or expenses, then one single joint account would be fine.
Generosity, sharing and most of all trust are all very important for a healthy marriage.

Generosity, sharing and most of all trust are all very important for a healthy marriage.

Generosity? Are we still talking about marriage or the conversation suddenly moved to the charity and donnations? :sign69:

Generosity? Are we still talking about marriage or the conversation suddenly moved to the charity and donnations? :sign69:

Well atleast now I know that I'm surely discussing this with TRUE Bukharians :).

Well atleast now I know that I'm surely discussing this with TRUE Bukharians :).

And you had doubts about that :tongue12: :tongue10:

such a fixation on the word "bukharians". :)

Well atleast now I know that I'm surely discussing this with TRUE Bukharians :).

My preference would probably be to have a combination of both:

1) the joint account since it's one family and decisions are probably best done jointly on strategies, investments, priorities.
2) the personal accounts to afford certain freedoms for both to make decisions independently [which can be done with joints too, but one of the ideas of a joint for me is to share in the decision-making/responsibility].

Guys what do you think:

A couple is planning to get married. Both of them have accounts at different banks. After they get married should they have:

1. a joint bank account
2. seperate accounts
3. keep their accounts but open a joint account to pay off the bills