another combined finances.. should we do it now?

posted 3 years ago in Money
  • poll: should we combine finances now?
    go for it : (5 votes)
    29 %
    wait til you're married (prob 2 yrs away) : (12 votes)
    71 %
    never do it : (0 votes)
  • Post # 3
    753 posts
    Busy bee
    • Wedding: June 2013

    seems like u already have! lol car loans and checking acct

    Post # 5
    1007 posts
    Bumble bee
    • Wedding: November 1999

    I would wait for marriage.  If you’re not 100% certain you’re ok with the final combination of your accounts, don’t do it until you have the legal protection of marriage if that happens to be necessary.  Also, I don’t think he’d be taking on your debt- it would still be in your name, right?  (depending I guess if it’s student loan or credit card and you were adding him to the card) while he would be getting access to the money.  I think your current combination is about as much as unmarried couples should go for- maybe a joint credit card if you are comfortable with that.  

    Honestly, while it works for some couples, I don’t see a need to 100% combine all accounts.  What I would like to do when SO and I get married (currently we have 0 joint accounts of any sort) is to either have our paychecks deposit into a joint account and then transfer a certain percentage to ourselves for personal spending money, or have our paychecks deposit into our own accounts and then transfer the percentage into the joint account for household bills, groceries etc.  That way, we each handle our own bills (student loans, personal credit cards, whatever) and don’t itemize each others personal spending, while all of the household bills are paid by both of us in a fair split.  

    Post # 6
    926 posts
    Busy bee
    • Wedding: September 2013

    I don’t think it’s frightening!  We are waiting til after we get married just so I don’t have to go back and change my names and relationships on everything.  I am so looking forward to it becuase it will simplify everything.

    Post # 7
    6073 posts
    Bee Keeper
    • Wedding: August 2012

    @chillinchillin:  We merged money, but only after we were engaged and then living together (I moved in like 24 hours after we got engaged). 


    However, it works very well for us, I had no qualms about it, no hesitations, neither did he.  We had tons of money talks, hashed out several different money plans depending on our relationship stage – so it felt like a right move for us.


    Post # 8
    299 posts
    Helper bee
    • Wedding: June 2014

    I wish we could combine now but my FI gets all nervous whenever I bring it up. I think he doesn’t want to let go of that control. He equated me looking at his credit card bill with reading his texts. He’s not hiding anything, he just feels it’s crossing a line. Invading his privacy or something. We do plan to combine eventually, he wants to each keep a private credit card but I’m hoping we can do away with that too eventually. I want to plan and budget, so I want to know where our money goes. 

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