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Posted on 1/18/22 at 7:07 am to lsu xman
Separate checking accounts and married 14 years. We have a lot of joint accounts (checking and savings and stock) to pay bills, save for house stuff, kids stuff and long term retirement.
It works extremely well. She doesn’t need to know how much I spend at the bar or entertainment each month and I don’t need to know how much she spends on clothes, shoes, hair, makeup, etc each month.
We use our joint accounts for everything family (large purchases, vacations etc). I usually foot the bill for all the dinners out
Wouldn’t change it for the world…and we both understand that all our money is OUr money even if it’s in our personal accounts
It works extremely well. She doesn’t need to know how much I spend at the bar or entertainment each month and I don’t need to know how much she spends on clothes, shoes, hair, makeup, etc each month.
We use our joint accounts for everything family (large purchases, vacations etc). I usually foot the bill for all the dinners out
Wouldn’t change it for the world…and we both understand that all our money is OUr money even if it’s in our personal accounts
This post was edited on 1/18/22 at 7:09 am
Posted on 1/18/22 at 7:08 am to lsu xman
We have individual accounts and a joint account.
Not hiding anything... we know each other log in. But just makes it easier to track when only one person is dipping into the account.
Joint account is only used to pay bills.
Not hiding anything... we know each other log in. But just makes it easier to track when only one person is dipping into the account.
Joint account is only used to pay bills.
Posted on 1/18/22 at 7:09 am to Saskwatch
quote:
Yes. I have a seperate checking account which is for personal use.
We share a joint checking account for bills, grocery, household expense, car insurance, children's various expenses, etc...
She also has a seperate checking account for her personal expenses (shopping, dinners w/ friends, etc...)
We have a joint savings account.
I am hoping this is how we do it.
Set a monthly, equal contribution amount for bills for a joint checking account.
Set a monthly, equal contribution amount for savings in a joint savings account.
The remainder stays in our own personal accounts.
Posted on 1/18/22 at 7:13 am to lsu xman
We don’t even have a shared account. She has access to my checking account to take money for bills as she needs it.
Posted on 1/18/22 at 7:13 am to Bestbank Tiger
quote:
Left hand doesn't know what the right hand is doing in real time. You're both writing checks and using debit cards.
This is our issue. We both would go do something by ourselves for the day and come home and both be shocked at the balance because both of us were tapping the account not realizing the other one was as well.
quote:
Of course I'm not a poor so that isn't an issue, but if money is tight it's better to have each of you be responsible for certain expenses so you can watch every dollar.
I'm not a poor but not O-T rich, but I don't like keeping a lot of extra money in checking account. Extra goes to savings or investments.
Posted on 1/18/22 at 7:14 am to SlowFlowPro
quote:
I am hoping this is how we do it.
Set a monthly, equal contribution amount for bills for a joint checking account.
Set a monthly, equal contribution amount for savings in a joint savings account.
The remainder stays in our own personal accounts.
I make a lot more than my wife does... so our contributions to our bills account basically is our pro rata percentage of income. So I put a lot more money each month into the joint account than she does.
Posted on 1/18/22 at 7:16 am to DavidTheGnome
quote:
When married it’s all both of yours, both assets and liabilities.
You actually just made the case for keeping some money accounts separate while still sharing what’s in them when needed or asked.
This post was edited on 1/18/22 at 4:05 pm
Posted on 1/18/22 at 7:19 am to dallastigers
quote:
It’s not only about spending discipline or lack thereof but security. Some people are pretty lackadaisical about shared personal info they share online, links they will click, reusing passwords/usernames, and thinking if an unknown texter knows your name or gets lucky by matching bank or other company you use it must be real.
wtf
Posted on 1/18/22 at 7:24 am to lsu xman
Two accounts both joint.
Posted on 1/18/22 at 7:24 am to lsu xman
No
Posted on 1/18/22 at 7:27 am to lsu xman
To all the people keeping separate accounts…how do you deal with the kids expenses? Does that come out of the joint account you have? Does this cause problems?
Been married 20:years and have a joint checking and savings. Of course I am sure we both think the other does not need to spend money on certain things, but it has worked for us.
Been married 20:years and have a joint checking and savings. Of course I am sure we both think the other does not need to spend money on certain things, but it has worked for us.
Posted on 1/18/22 at 7:28 am to DavidTheGnome
quote:
I’ve never understood couples who do the "my money, her money" thing
I agree. And the number of downvotes on this explains the divorce rate. A lot of non-team players in here.
Posted on 1/18/22 at 7:30 am to SlowFlowPro
We each have separate savings, checking, retirement accounts. Nothing shared. Works great.
I handle all the finances in the relationship. Once a month she Venmo’s me her share of the monthly bills.
I handle all the finances in the relationship. Once a month she Venmo’s me her share of the monthly bills.
Posted on 1/18/22 at 7:54 am to kciDAtaE
quote:
Once a month she Venmo’s me her share of the monthly bills.
Maybe I'm old fashioned, but I cannot fathom having to Venmo my husband money like he's making sure I pay my "fair share" of the bills.
Clearly many on here do the same thing, so I'm not knocking you personally. It's just such a weird concept to me. We have always had a joint checking, and we always check with each other first about large purchases. No big deal.
Posted on 1/18/22 at 7:56 am to lsu xman
Nope just the joint account
I have a wife, not a roommate
I have a wife, not a roommate
Posted on 1/18/22 at 7:58 am to lsu xman
We have one checking and two savings, each joint. I trust my wife.
Posted on 1/18/22 at 7:58 am to lsu xman
Yes and no. We have joint savings and investment accounts that we both agreed to contribute a certain percentage of our take home income in to. We also have a joint checking account that bills are paid out of that we both contribute 50/50 to. Other than that our money is our own money. We each have separate checking and savings accounts that are our own to do whatever the hell we want with.
ETA: we both come home with random dumb shite (guns, make up, furniture, deer stands, clothing) that makes the other raise an eyebrow but their has never been an argument about it since ultimately we are meeting all of our savings goals so ultimately we don't really care.
ETA: we both come home with random dumb shite (guns, make up, furniture, deer stands, clothing) that makes the other raise an eyebrow but their has never been an argument about it since ultimately we are meeting all of our savings goals so ultimately we don't really care.
This post was edited on 1/18/22 at 8:12 am
Posted on 1/18/22 at 7:58 am to yellowfin
Have a shared account, and we each have our own checking accounts. 12 years of marriage in, not one argument over buying dumb shite we want.
I can buy guns, duck decoys and other dumb stuff, she can buy whatever, no one gripes. Win win win
I can buy guns, duck decoys and other dumb stuff, she can buy whatever, no one gripes. Win win win
Posted on 1/18/22 at 7:59 am to HouseMom
quote:
Maybe I'm old fashioned, but I cannot fathom having to Venmo my husband money like he's making sure I pay my "fair share" of the bills.
I don’t get Venmo either. We use Zelle…
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