ditto..

you are just way too young for that. my friend has actually checked with bank that they do not allow joint acct for couple purposes. i guess simply because bank has had bad experience with it.

a forced saving.. just get a unit trust or something.. or there's a lot insurance that has saving plan.. that way you can force him saving while keeping both of your accounts separated. IF YOUR SOLE purpose of having that account is having him to save up some money.

i knew him for very long alredi.. abt more than 16 years.. and we have been dating for more than 6 years.. and i am not working yet (but i have allowance monthly)

after reading the whole thread, what you want is to 'help' your bf to save money ....

so what account is not important. For ease purpose, open a normal bank saving account with interest, use either one of your names, then start saving every month to it. 1 year down the road, review it and see if both of you really put the money in and then adjust accordingly. When the money in there is enough to make you worry, then only you consider what account to open and transfer the money over.

joint account with both to sign : when one of you die, the account is locked down, some times it could mean for a few years. especially when there are disputes. for example, his family member said its all his money. you said its half-half. at the end, you pay lawyer more money than what you have in the bank account to get them back.

hope this helps ....

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Added on February 27, 2008, 1:49 amanother approach is called Automatic Millionaire, from your bf existing bank account which is receiving salary, setup a Standing Instruction to deduct RM 100 every month to another account, it could be PBMutual as you said, or just simply another account that he cannot easily withdraw. That would also be a good way to 'force' saving without any pain at all. When setting up the SI, set it up so that it is only a couple of days after salary pay out day. Its called save first, use later.

This post has been edited by mtsen: Feb 27 2008, 01:49 AM

thank you, mtsen! it is a very valuable information that u hv gv.. yup.. the joint account is not important.. wat i wan is my bf to save money (and me too).. so i think we will jz hv our own account and save on our own.. reli reli tq mtsen..

Im curious!!! 988 morning topic about what??