Reasons Why Every Woman Needs Her Own Savings/Checking Account

Reasons Why Every Woman Needs Her Own Savings/Checking Account

A savings/checking account gives one independence.

Independence is nice. Feeling a small bit of independence gives you the satisfaction of knowing you don’t need to answer to anyone. This is why every woman needs her own savings/checking account.

But some may feel when you are in a partnership like a marriage everything should be shared. You should have no secrets. This account isn’t about secrets. This account isn’t about going off to the bar and doing bad things. This account is about the freedom to splurge on a bright pair of red shoes and not hear your husband ask you why you need a third pair of red shoes. This account is about being able to feed a bad moment with a shiny new tube of lipstick just because you can. This account is about doing these things without dipping into your family’s budget.

Yes, financial experts often tell married couples that are perfectly all right for both to have separate accounts for splurges. This allows both the freedom to purchase those small things they want. This also allows them to purchase them without asking or telling their partner about the purchase. Many couples will even budget a small amount each week toward these accounts. As long, as the accounts are not overdrawn and no real sins are committed with this money, there should be no reason that these accounts could hurt a marriage or a partnership. In fact, they may help the marriage and partnership. They can give each party the freedom to know that they can purchase that shiny new lipstick or video game without watching the other one’s eyes roll. They can then enjoy the purchase and the independence the account gives them.