I make more money than the DH does. So we have a joint checking account to pay for all the bills and then we each have our own seperate savings account. Oh, we also have a joint savings account, too.
It sounds to me like you FI, may have a problem with sharing money. That or maybe since he only has a part time job, he doesn’t have a lot of money, which is why he asks you to pay him back when you do borrow money from him.
Like you, I do have a lot of student loans and my DH has some but not as much as I do. Since I make more money than him, I don’t feel bad because my extra income is paying for my student loans. If it was the other way around, I don’t know what I would do because I definitely would not want him paying for my loans.
All and all, we are now married so any debt we put on his credit cards or mine, becomes OUR debt… which is why we pay our credit cards from our joint account. We both know how much is on our credit cards.
Also, we do have seperate checking accounts, too. So I put a small percentage into each of them so we can spend it how we wish. I spend it on clothes, makeup and stuff like that and he spends it on comics books and his stuff.
Sorry, you might be confused on how many accounts we have so let me break it down…
1 joint checking account
2 separate checking accounts
1 joint savings account
a few separate savings accounts (ING, retirement, etc..)
Oh, yeah the checking accounts each come with it’s own debit card. So I have a debit card for our joint account and another card for my personal checking account.
The separate accounts are good if you want to buy each other a gift and don’t necessary want to give a gift to him from the joint account.