Renowned Citizen TV anchor Lulu Hassan has shared invaluable advice for married couples, urging them to exercise caution when considering joint bank accounts.
Despite her unwavering love for her husband, Lulu cautioned against the potential drawbacks associated with shared financial arrangements.
During an interview with a local media outlet, Lulu delved into the essence of a thriving marriage, highlighting the paramount importance of friendship between spouses.
Expressing concerns over the increasing number of marriages crumbling due to a lack of genuine companionship, she emphasized that true friendship entails mutual respect and understanding, serving as a safeguard against feelings of humiliation or disrespect.
Acknowledging the uniqueness of every marital relationship, Lulu urged couples not to blindly emulate others’ strategies, including her own.
But what works for me might not work for you… Marriage doesn’t come with a manual. Don’t say you want to copy one or two things from Lulu, you will go wrong. The way Rashid is to me might not be the same as your husband is to you,” she said.
In matters of finance, Lulu disclosed that both she and her husband, Rashid, maintain transparency regarding their earnings.
She argued that such openness fosters responsible financial management and guards against the misappropriation of funds.
“It depends on the person you’ve married and the person you’re married to. As for me, he knows how much I earn and I also know how much he earns… It’s good to know because then I’ll know how you’re spending your money, and that means you can’t misuse your money or spend it outside with other people,” she said.
However, Lulu staunchly opposed the notion of merging bank accounts, particularly in cases where both partners are financially independent.
While advocating for financial autonomy, Lulu suggested that joint accounts designated for children’s expenses could be an exception.
“I don’t advocate for sharing accounts. It’s not cool. Why should we share accounts when everyone is doing their own work? Except maybe for children,” she said.
