Recent studies have shown that 72% of both men and women ages 18 to 29 agreed that the best marriage is one in which both husband and wife both work and both take care of the house (Coontz 4). As a child when I needed money for school lunch, my mother and father would take turns giving me money every week. They would take turns paying for school trips, and they would each throw in a certain amount of money each year to take me shopping for clothes, shoes, and other necessities. When it came to household finances, the mortgage was divided in half between both parents, and bills were divided as well; my mother would pay for the phone, cable, and groceries, meanwhile, my father would pay the electric, gas, and water bills. Seeing this model of partnership I learned that men and women are both equals. Even though my father earned more money than my mother, he wasn’t expected to take responsibility for all of the family’s finances on his own. My parents both relied on each other to support our family. The financial arrangements that my parents had set up scarcely affected their relationship. They barely ever fought and if they did it wouldn’t be over money. Based on the structure my parents have given me as an example, I believe that both parents should be held equally responsible for the care of their children and their …show more content…
An individual has the right to a bank account for personal savings; at the same time it would be beneficial to the family as a whole for the couple to have a joint account. Joint accounts allow each partner access to the money when it’s needed; it is also convenient in legal matters. A benefit of having a joint bank account is that it can help avoid probate court complications if one of the account holders dies. Instead of having the money going through the probate court as it would in the case of a regular bank account, the balance of the joint account will automatically go to the surviving account holder. That’s why joint accounts are favored by many older people who have children or relatives they can trust completely. The joint account is great for couples to keep track of their finances and assets; meanwhile, separate accounts are great for saving money for a rainy