JOINT BANK ACCOUNT
– If you have a joint bank account with your partner, now is the time for you create an individual account for yourself and you must do it secretly. Do not let the bank statement be sent to your home. Give the address of trusted relative and friends who will be receiving the account statement on your behave while you can go often to check. Never make the mistake of bringing the statements into your home, you never can tell what would happened if your partner sees it.
– Having a separate account is very vital. It saves you so much hell of troubles that you have never prepared for. In a joint account, there is every possibility that your partner can block your access to it. If he is the major financial, he would do all it take to punish you for deserting him and one of them is placing embargo on the bank account.
– Individual account gives you liberty. It relieves you of unnecessary headaches. Another bonus of having individual account is you are independent. You are the only one who determines what goes in and comes out of the account. It does not matter how little amount of money you have in there. What is important is your financial security during your moment of separation.