Skip to main content

Is It Necessary To Have A Joint Account With Your Spouse?

I was going to post something different until something happened. I was supposed to transfer a certain amount of money to someone but she declined saying she shared a joint account with her husband and she didn't want him thinking she had money. It got me thinking about a lot of things like why she didn't have a separate account. Even if you want to have a joint account with your spouse, is anything wrong with having another personal account for personal reasons? Surprisingly, I know her spouse and he's not the faithful kind, don't ask how I know. I'm sure he must have been using the money in the joint account more than she who co-owns it #justsaying.


Personally, I don't like anything joint and if I have to be involved in anything joint, it definitely won't be money related. I can be sure of how I want to spend but might not be sure of the other person and when unsolicited spending becomes a norm, it becomes questionable which can lead to arguments and more arguments bla bla, you know the drill. I believe there should be love and trust in a union but nothing stops us from owning our private bank account though we might have a joint one. If there has to be a joint account, there should be a reason for it and that reason should be spelt out at the initial stage. No one wants to be receiving alerts for withdrawals they didn't make. In most cases, both parties might even have to sign before any withdrawal could be made but I've heard of cases where one has to force the other to do so.

I don't know what you feel about it. This is only my opinion. In as much as I might still feel the need to do so, I don't think it would stop me from having an active personal account. It doesn't mean the spouse wouldn't have the password to your ATM cards or anything, as long as the trust is there. It would just reduce plenty explanations that might arise from a withdrawal that wasn't discussed or agreed on by both partners. That said, what do you think? Do you think it's necessary to own a joint account with your spouse or nah?


Facebook - Odusola Aanuoluwapo
Twitter - @odusolar
BBM - 2BC07AB1

Comments

Popular posts from this blog

My Marriage Story...So Far

I get to be asked about how marriage has been a lot by some of my unmarried friends. I’ve not even been married for long enough to be qualified to answer that question. From my little experience, marriage, like any other phase in life isn’t all smooth. It has its ups and downs. There’s an extra respect you get as soon as you get married. I get to be called MA a lot by people who wouldn’t ordinarily call me that and I’m wondering why. I guess it’s just the way the society has made it. Oh and I lost some friends as soon as I got the MRS title. Some people don’t care about how serious your relationship is, they’d still be on your ‘case’ but as soon as you say “I do”, they’d forget you like you never existed. This was good and bad for me because I considered some to be great friends but then, I guess I was wrong. Then there’s the pressure to get pregnant, I got lucky to get pregnant earlier than I thought though I wasn’t even ready. But before my body began announcing it, I still...

Dunsin's Kitchen - Second Year Anniversary

I’m not a fan of long WhatsApp posts hence the need to write, post and just share the link on one WhatsApp/Instagram post. I’m a bit rusty (writing-wise) sha but I’ll try. I want to talk about how Dunsin’s Kitchen (DK) started because it’s our second anniversary today. I never imagined being a cook at this time, not with banking and family stress. I’ve imagined selling food a couple of times and it was inspired by one boli and beans seller in Asaba during my NYSC in 2014. I told my friend Osaru then that I’d love to start a place like that and call it Boli Kitchen. We just used to laugh about it then plus I’m not really a fan of beans though I could cook it well if I wanted to. Fast forward to 2020, we had a guest- my husband’s colleague who I served jollof rice and she kept talking about how good it was. One day, she said she would love to buy if I could make it for her so I agreed. Then I decided to ask others if they’d like to buy so I wouldn’t be making a small portion and some agr...

My End Of The Year Note

Dear OTTH Readers, how are we? I'm very fine and I can smell 2016 already afterall it's just some hours from now so I guess I'd just use this medium to say merry Christmas in arrears and happy new year in advance. I hope we all "shouted out" to our uncles and aunties, class teachers, lol, don't mind me. I'm sure we remember those Christmas funfairs where kids shout out to their loved ones where some even cry while talking, it's very hilarious watching them. Okay, now to the reason we're here. This year wasn't so bad for me though it didn't start so well but I have a lot to be thankful for and I'm going to share them with you. Let's start with the negatives so the story can have a good ending. For about half of the year, I was jobless which means I was frustrated, broke, you know the drill. Recently too, I lost my school's Vice Chancellor, Mrs. Esther Tchokatcheu who played a very important role in the process of my being a gr...