I actually didn’t want to say anything more here, but now I do:
What on earth does the choice of account have to do with the partnership? I don’t get it. What’s the difference between a joint account and two or more accounts with mutual power of attorney? Can someone please explain that to me? Am I too dumb? I don’t get it...
We decided on a joint account because it seemed more practical to us than everyone having their own account and on top of that a shared household account. We were annoyed every time we went out to eat, having to figure out who was paying today.
We find it practical this way and have had this joint account since the end of last year. Before that, we had separate accounts for almost 10 years – but nothing about our partnership changed due to the change in our account situation. But maybe we are the exception, who knows...
We didn’t even have mutual power of attorney (we just forgot – we would probably have done it in the course of the joint home financing).
My brother and his wife have been married for over 12 years, three kids, almost 20 years as a couple. They still have separate accounts today because they like it that way (why, I don’t know, we’ve never discussed it – it’s none of my business either). But I can’t say they have a worse partnership because of their account situation.
Chacun à son goût!