It's my wife and I. Don't we need different accounts for iMessage and other things. Apple td us to set it up this way for some reason. Maybe it had something to do with backups.You don't say who is "we". Double accounts produces more problems than it is worth. If "we" is you and a spouse just decide on one or the other and stick to it. If it is a child or room mate I'm not sure I would want them to have my password.
There are lots of reasons that multiple accounts would be convenient. Unfortunately Apple is still treating these devices as wholly individual. I would love a guest mode, a kids mode, and multiple accounts.
For now my suggestion is that for a family, you share one iTunes Store account, which allows you to share app, movie, music purchases, etc. and then have separate iCloud accounts which gives you separate iMessage, photostream, data syncing, etc.
Right now you can only have access to one photostream per device. Your wife can create a separate shared photostream and anything she puts in there will automatically show up on the ipad as well, but she'll have to do that sharing manually.
So right now about 90% of the apps are under my account and I would like to keep that one. So if I created a new one how could I get all the apps under that account? Would I have to delete the apps and reinstall under new acct.
My wife has money on her account. Can I transfer that money to a different account so we only purchase from the one account?
Your wife can use the money to "gift" purchases to the other account.
Oh yeah. That might work. What happens if we lose the item. It would always stay with the person who received gift i assume.