I’ve held joint bank accounts with a few different people that I’ve been in relationships with over the course of my life.
Full disclosure: My ex husband and I actually still share a joint bank account, that we use to transfer money to one another on occasion. I’m actually going to be closing that bank account down soon. I’ll be discussing my finances with my ex husband eventually, but that’s another blog post for another day.
(Man, when did life get so complicated??)
In any case, opening a joint bank account with Todd wasn’t that much of a big deal to me, since it was something that I’d done before. He and I actually previously had a savings account together, when we were saving up for the wedding, but after the wedding ended up shutting it down.
When we made the decision to combine finances, we decided that I would have Todd added to my bank account, and we would use that going forward for everything. I’m currently a happy banker with President’s Choice Financial, mainly for the lack of bank fees and the free groceries. Score!
He was actually a little nervous going in to get this done, since this was all new territory for him (our previous joint savings account notwithstanding). In fact, I daresay that he was more nervous about getting that joint bank account than getting married. This is all unchartered territory for my lovely husband, as he has never before had complete financial transparency with someone he was in a relationship with.
So that’s kind of big step. I mean, he’s been married before, for goodness’ sake, so he knows what that’s all about. But full financial transparency? THAT is the scary stuff. For both of us, really. Because now I’m no longer going to be able to hide the depths of my coffee addiction, or my thrift store shopping habits.
And truth be told, we actually had to sign more paperwork for that bank account than we did when got married.
What’s up with THAT? I guess when you stop to think about it, getting a divorce is actually a whole lot less complicated than untangling yourself financially from someone else. Still.
Until next time,