Bank Accounts, Joint or Separate? :: essays research papers

IntroductionThe topic I chose to discuss is if couples have name cuss accounts and if they have arrived at this solution after(prenominal) trying to go for a single account or if this was their first attempt at martial checking. I chose this topic because I al styles had the notion that a married couple should have a joint bank account, message that their finances just like them were intertwined and inseparable. After I was married to the beloved of my life, I noticed the concepts and methods we practiced regarding the calendar monthly budget and our finances were vastly different and at times conflicting.She was brought up in a domicile where her parents never discussed budgets or savings, they just spent their currency on whatsoever they wanted and when the money ran out, they would barrow to continue spending. I was brought up in a poor household where we had to scrimp and save to make ends meat. Im sure you can figure that this was the source of a circularize of confl ict and hard ship in the first years of our marriage.We had time-tested many different techniques to settle things, but no matter what we seek conflict still arose on how the money was spent and when it was spent. Finally after researching the topic and talking to mother married couples who I knew and respected, I came to the stopping point that no matter what my personal opinion on how the finances should be, my married woman and I were never going to agree on this and that I should notion for another solution instead of trying to indoctrinate her with my philosophy. One of get together of advice I was prone was to split up the family budget in any(prenominal) ratio is necessary and allocate the money accordingly. This resulted in my wife beingness put over the groceries, clothing, and school needs for the family and I was put over the rest of the bills (mortgage, insurance, phone, etc.). I also tried to find a way to tuck a little money away each month into a savings accou nt. Since the inception of this solution we had two separate bank accounts which has resulted in my less conflict and we have been able to put money away for the future for the first time in our marital history.I wanted to research if this problem was common or not given the diversity of financial backgrounds now in society.