Yes! It prevents arguments. You only have to keep up with yours and not worry about your spouses. If the Husband is the bread winner then he should make sure both accounts have money in them.
I think it is totally up to the couple. We have joint account and we both have serperate account for spend cash. This has been great for us so there is no arguments... And so far in 11 years we have never argued about money...
But I also believe they should discuss any major purchases before hand, regardless of whose account the money is coming from.
My wife and I have seperate accounts, but we can tell you how much the other has at any given time. So as long as communication is there, it shouldn't be a problem IMO.
Considering I'm the only one that works, it's joint, but even if she was working, we would keep it that way. We discuss any purchases with each other that are more than $100. Sometimes we decide it's not time yet, and sometimes we say go ahead.
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