To think that every woman needs an independent fund just in case.

[keyboardkate]

There are so many heartbreaking threads recently about cohabitants and their lack of legal rights if DP has sole tenancy for example.

Very often when things break down, or there is DV, the woman says something like....

"I have no family nearby, no supports and I am bereft, what can I do now?"

£2 a week into a fund = £100, more if it can be done.

What do you think?

This may be provocative, but whatever.

If you intend to leave your assets to X, and it is all tied up in a joint account with survivorship, X will get nothing, but the surviving joint account holder will get everything.

Just think now and then folks how you organise your finances.

Yes absolutely. I was given this advice at 14 and as soon as I started working I started the fund. It’s got £1500 in it and I don’t add to it any more. I’ve had it for years before I met DP and it’s with a separate bank to my current account/ mortgage etc so there’s no reason for DP to ever find out about it.

I definitely don’t want to split but see it as more of a “general emergency” fund. I still work and we don’t share finances so it doesn’t really matter atm but if I ever do give up work I’ll feel that bit more secure knowing that if DP suddenly walked out on me I’d have at least that much to get me through the first bit until I could get myself sorted.

I am fully in the camp that says a separate independent account is good.