Should Women Keep a Secret Money Stash?

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Ubczkocl of OR 5:21AM November 16, 2009

I plan on getting a joint bank account with my fiancée soon for the things we pay together like rent, groceries, holidays, meals out which most of my income will go into, but not all of it! I suspect he will want an individual account too. Obviously just in case we were to split up its good to have enough savings not to have to wait months before we move out... but there are some transactions I want to make in secret. His birthday presents for instance, helping my parents save for when my little sister goes to college and charity donations.

I don't think keeping the account itself secret is healthy though. If I found out he had an account I had no knowledge of at all I'd be very concerned.

Helen of PA 9:57AM October 06, 2008

My mother and grandmother both told me a woman should have her own money. Secret stash? Maybe, but I think that a couple should have "yours, mine and ours" money. If a woman is working in or out of the home, why should she have to ask for money? I think that couples should sit down and talk before they get married about who will be taking care of the home budget and when each person wants something, they should have their own money to buy it with.

Lydia M of MA 12:15PM August 22, 2008

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Alpha Consumer

Kimberly Palmer, senior editor for U.S. News & World Report, writes about making smarter financial decisions. She’s the author of Generation Earn: The Young Professional's Guide to Spending, Investing, and Giving Back.

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