Money is the most important thing for humans, and to earn money, people are working hard continuously. Money is the thing that is the solution to most problems, but at the same time, it is the reason for many problems. Many people become so desperate to earn money that they won't hesitate to do the wrong things, as everyone is not ready to work hard for money. Doing the wrong thing or doing an illegal thing can help a human make money with less effort, although others need to suffer from it.
Money is the kind of thing for which anyone can change within a second. The greed for money makes a trustworthy person to break trust without any hesitation. I think we can understand it easily if we look at or observe the ongoing incidents in recent days. For the money, one brother is betraying another brother. In fact, killing brothers for money occurs in recent days. So trusting anyone in the case of money is very difficult.
Let's talk about the wife, who is also known as the life partner. I think sharing every little thing with a wife is very natural, and it's also necessary because at least someone needs to know about finances in detail, and I think a wife is one of the best options to share. But it is unfortunate that in the current time, trusting a wife is also difficult because there are many incidents where the wife runs away with all the assets of the husband. In recent times, trusting a wife completely is not impossible but difficult. So should husband and wife have a joint account? It's really complicated to answer because many things need to be considered before making such a decision.
First of all, the age of marriage matters a lot. Obviously, it's not a wise idea to open a joint account and share all the financial data with wife at the beginning. Nobody knows what will happen next because, after a certain time, emotions can change based on the situation. After crossing more than 5 or 6 years, it's enough to understand the nature of the wife, and if she is trustworthy after that time, then creating a joint account is not an issue, and I will support it in that case. At the same time, second thoughts come to mind about the joint account. Is it necessary to create a joint account after having enough trust in your wife? I think no. As a solution, a separate account can be created, and the husband can fund that account, which can be the best possible thing.
Depending on the husband's nature, a joint account can be necessary. If the husband has the nature of spending money recklessly, then the wife can monitor it and stop it because wives ask for each transaction from the husband, and I think it's not bad either because it's beneficial for both.
If the wife has the mentality of savings, then a joint account is not a good thing. Everyone is not the same, but many wives are very good at management. They spend their husband's money very wisely and can save some money. Most of the time, wives hide it from their husbands and keep it in an account without informing them. They save it to help their husband when it is needed. If the wife keeps it in the joint account, the husband can easily see it, and he may not hesitate to withdraw the money for various purposes. In that case, having money in times of emergency can be difficult. It's because spending money becomes natural when one knows he has a lot of money.
So whether he has a joint account or not, he is highly dependent on the nature of the husband and wife. In my case, I don't think I need a joint account, but I will share my spending and transactions with my wife. At the same time, I will create another account, and I will try to give funding there as much as I can, but I will do it after several years when I'll be able to completely trust her.
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Some women get married only to loot their husbands of their hard-earned money and then run away to lavish the money however they wish. Such situations make it hard for a joint account to be created by such couples.
But for wives who are very good in management, creating and maintaining a joint account becomes possible and also useful to the family in the long run.