Friday, September 03, 2010

Share the Wealth

After a recent discussion with a friend, I realized (once again) just how lucky I am.  We spoke about someone we know who lives in an apartment.  That person and her husband are stuck when it comes to paying their rent.  Before they moved in to the complex, every transaction had to be on a money order (which is not uncommon).  After they moved in, whoever wrote the first personal check to the complex has to write the rest of them.  So if he wrote the first check, he must also sign every subsequent check to the complex.  The wife cannot write a check or do business with the complex for any reason regardless if her name appears on the check and she's authorized to write checks from a joint account.

I think it's completely stupid.  Asinine really, but I didn't say it in the conversation.  My friend disagreed, saying she understood why the complex would make up that rule.  She said she has a joint account with her husband, but he doesn't have access to the account to check the balance.  He doesn't do much, if any, of the purchasing, and he never writes checks.  She said she thought the rule was good just in case someone tried to write a check from a joint account and the other person had secretly taken all the money or something to that effect.

Really?  Do people actually live in relationships where one half of the couple has no idea what the bank balance is?  Do people simply drone on and never do any independent purchases or have a say in how their finances are handled?

The Man and I are completely transparent in how we handle money.  We've never fought over how we spend it or how much to spend or save or what to put where.  We both have access to every account under our own names (except the checking which is a single number, but whatever).  We can both transfer funds at any point.  If anything happens to either one of us, our finances are going to be taken care of by the other person no questions asked.

And I cannot imagine living in a relationship where both parties didn't have equal access to the funds!  Equal access to spend, to transfer, to save, to even look up a balance...

The only exceptions I can see are where gambling addiction or compulsive shopping are concerned, but still, the ability to look up a balance ought to be a right.

Furthermore, if an apartment complex won't accept a check with two people's names on it from either person, then there's a serious problem with the complex.  Too many shady dealings means too many shady neighbors.  Not a place I'd want to live.

Would you live in a complex with a rule like that?  Do you share ownership and responsibility over accounts, or do you have another system?  

1 comment:

Skunk said...

All I can say is that I agree with EVERY thing you said!