Major things couples should know about joint account

4
Account

For this (marriage) reason, a man shall leave his father and mother and be united to his wife, and they two shall become one flesh,” is the usual statement when a man and woman are to be joined together.

Even though it’s a biblical phrase, it seems to capture the whole essence of marriage – two becoming one.

By custom, when people get married, they are expected to do things together with their spouse, without reservations, after all, according to the popular saying, love covers all things.

To a large extent, people have done this, like sharing their happiness, thoughts, and worries; eating from the same plate; sharing same bed; bathing together, without feeling shy or ashamed, etc., but one area that some have yet to agree on is whether it is better to have a joint account or not.

While some are disposed to it, as it helps to show that they have nothing to hide from their spouse, some feel when it comes to money, the details are better kept in the mind. But going by a popular saying, anyone who hides what is in their bank account would hide other things as well.

No doubt, there are advantages of operating a joint account. According to Think Money, a company that offers help and advice to people with money worries, these benefits include the fact that it makes it much easier for couples to pay bills, thereby saving them the hassle of sending money to each other and eliminating the worries of raising money for regular bills.

Also, it has been found to help couples to keep track of their joint monthly spending, budgeting for regular costs and saving for the future, such as a wedding or a holiday and other financial commitments.

No doubt, these advantages are appealing and somewhat more convincing, especially when couples are (reasonably) free to spend what is left of their income the way they want.

No doubt, there are advantages of operating a joint account. According to Think Money, a company that offers help and advice to people with money worries, these benefits include the fact that it makes it much easier for couples to pay bills, thereby saving them the hassle of sending money to each other and eliminating the worries of raising money for regular bills.

Also, it has been found to help couples to keep track of their joint monthly spending, budgeting for regular costs and saving for the future, such as a wedding or a holiday and other financial commitments.

No doubt, these advantages are appealing and somewhat more convincing, especially when couples are (reasonably) free to spend what is left of their income the way they want.

Source

 

 

 

 

Have a story to tell, or images to share on a breaking news story? Send them to Shakarasquare WhatsApp or call [07039514950]

ShakaraSquare TV

4 COMMENTS

LEAVE A REPLY