The benefits of a joint bank account

I’ve been a stay at home mum for a couple of years now. I love the fact I’m able to spend so much time with my children, attend School events and take them to their swimming lessons. I wouldn’t be able to do it without the support of my husband.


We’ve been together for 11 years this year and one of the first things we did after we moved in together was to take out a joint account. Fingers crossed we’ve always tried to be savvy with our money. We’ve paid the mortgage, bills, food and then any leftover goes on luxuries, children.

Surviving on one income is tough but we have kept our joint account since I stopped working. I think the benefits of a joint bank account outweigh any negative points for us –

  • both of us are able to see what money we have and monitor our monthly spending
  • we can make payments for joint bills easily
  • it makes life simpler

You can find out more about switching bank accounts here.

Having a joint account has really helped us keep tabs on our spending. Pre-children, with the luxury of two incomes, we had some wonderful adventures. We crossed some places from our bucket list including Bruges, Ghent, Brussels, Paris, Oslo, Bergen, Trondheim, Stockholm, Malmo, Copenhagen and Amsterdam.

buildings in Trondheim

We’ve had some lovely holidays in the UK since the children came along but we can’t wait to take them abroad as soon as we can. Hopefully with some careful money management this will be sooner rather than later!

What is your experience of a joint bank account? Do you think it’s a great idea or would you rather manage your own money?

Disclosure – I have been compensated for this post.

1 Comment

  • Reply
    April 12, 2015 at 8:38 pm

    I agree it’s really important to look after your finances. I’ve always kept my own bank account too, just for a little independence.

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