My husband and I practise the joint account system.
It all started years ago after we got married. He was a Junior House Officer in the Uk and I was following him , happily abandoning my legal career indefinitely in the process.
So the first week there, I was basically incomeless and had no cash ler.
Anything I want, I can ask my ahem- husband (teruja sangat dapat title baru)
But I found, asking for money , to be an unpleasant process. It is never refused but it is often accompanied with "Why?"
So I told him, I need access to your account.
Mula mula face reluctance..tapi eventually the wisdom of it prevailed.
Hence, the joint account.
Obviously all the expenses come out of the account and there was no issue as to what my contribution was because I was not working- but I paid inkind lah...heheheheh. Eh, I used to iron mamat punye baju adalah 20 helai sehari ok..I cooked all the time and was basically the isteri mithali. Yang I herannye now, how come I was not bored? I was happy as a bee.I had no friends of my own, my world was basically him and his friends - oh yeah, and our existing friends yang dok UK. (this was the early years of course.) After a while I took French, and got a clerical job (Eh duit gak tu) which did not last too long as it was too clerical lah. (masa tu sombong sikit...sekarang doing the same clerical job but under different name, ok je)
But I managed his finances le. I would be paying all the bills, tukar credit cards, arrange for his taxes etc.
When we got back , he and I continued the joint account process. Still sole breadwinner . After a while, I got work too and the moolah went to the same account.
Anyways, When both of us worked, we never sat down and discussed- you pay this and I will pay that. E-veh-ry thing came out of the same account. Keluaaaarje. I didn't have the thought that Rmxxxx out of that is mine and I can splurge.
Even when I had to open a different account in a different bank (following the company policy) the account would be joint.
The upside is, we don't quabble about money. Always no money tu biasa lah.
The upside is, we always tell each other about our expenditure. (usually me lah since I yang belanja benda merepek selalunye) . One time he forgot to tell me he had taken money out up to the daily limit and I was in Johor Bharu and when I went to the ATM I could not take money out-erks!! So this telling each other is verrrry important.
The Downside is...neither of us has any money of our own! Although I have another account which I try to put some saving into- he knows this ler but at the moment account ni macam dah nazak je.
So when I give money to my mom, she thinks its my money and when he gives money to his mom she thinks its his money, but actually , they are wrong as it is OUR money hehehehe
Tu lah ceritanye......