Steph, your husband was clearly very enlightened. My husband (who would consider himself very left wing, open-minded, etc), nearly had a coronary when I said I was going to open my own bank account and have my salary paid into it! We had always had a joint a/c, but when I went back to work I just wanted to be able to
see money that was mine - I am not a spender (as you may have noticed
and I was perfectly prepared to contribute, I just wanted to have the money in my name.
Well I went ahead and did it - he then realised that he could also have his "own" a/c, and once he had realised that he was fine - we now have an a/c each plus the joint a/c, and it all works well. He spends all his a/c on hockey trips, etc, and I save all mine and call it my running away fund....
I also have my own credit cards.
My father died young and left my mother with virtually no money (not his fault - they just didn't have any) but the bank a/c was in joint names and that did save her a lot of bother.
Even today, as a lawyer, I see men remortgaging their homes and just telling their wives to sign on the dotted line. Banks are now required to ensure that women have separate legal advice in these situations, but the problem often is that women don't listen to it - they believe what their husbands tell them in preference to what a lawyer tells them, - the bank is then satisfied that they have been advised, but it is only when the whole things goes belly-up that the woman realises what she has let herself in for. Unfortunately that is true of so much in life, isn't it? People think that things will be Ok because they can't believe that their partners will let them down, but sadly as one gets older the light of reality often dawns.
It's not only men either - I've also had female clients who have somehow managed to arrange loans without telling their partners (more often than not to bail out their feckless adult children), then they are unable to pay and they are terrified that their partners will find out. I am often amazed at how far parents will go to bail out their children - of course we all want to protect and help our offspring, but when those offspring get into their 40s and are still spending money they don't have like water, it is terrible to see elderly parents feeling they
have to cover the children's debts; most older people have never been in debt and have an absolute abhorrence of it, but unfortunately today's (or should that be yesterday's?) credit obsessed society has led many younger people to think that they should never have to wait for anything or go without. The adviser who dealt with our mortgage told me that many young people would come in to see him wanting to borrow huge amounts - he would ask them how they thought they were going to repay it and they would reply "I'll get money when my parents die" - what a terrible way to carry on (and a stupid one too, as many older people's capital is going to be eaten up by care home fees).
I'm sure that's enough for me on that subject!
Rosemary