Post # 1
Fiance and I are planning on keeping our finances separate like they are now even after marriage. We have a joint account that we can use for big purchase or trips. We just dont see a point in changing it since it works out well right now for us. He makes a little more than double what I make so he pays the mortgage and his truck payment and I pay the house bills and our cell phones. If we made the same or closer to the same we would each pay in equal amounts but I dont have a real big girl job yet.
I was talking a friend/neighbor the other day and she was shocked I said we were going to keep it how it is now. She was telling me that everything should be combined and shared and everything should now be “ours.” She said its not like we would even be married since nothing would change except we would have a piece of paper.
I was a little speechless. I didn’t know what to say back to her to defend our decision. I know this topic has been on here many….many times but it never applied to me before!!! ugh!
Post # 3
I think you should do what works for you. Ours are combined, obviously, since I’m a stay at home parent, but they were even before then. I don’t think there’s a right or wrong, you just do what works for your relationship.
Post # 4
you have to do what works for you.
some people combine everything,
some people have separate accounts and one joint account
some people keep everything separate
Post # 5
I didn’t vote since its not black and white. I think it is whatever you both can agree on where neither feels taken advantage of. Since most married couples fight most about money, it’s more important to pick a solution that works for you than what works for opinionated bee #1 or #4
Post # 6
Is it wrong? No.
Do what works for you and your FH.
Post # 7
We combined ours and I wouldn’t have it any other way.
Post # 8
I think we will combine our accounts once we have kids. That way there is no “Well I paid $$ for this its your turn now” mess.
Post # 9
- Wedding: November 2013 - St. Augustine Beach, FL
@jesssamesssa: We have a similar arrangement. We have a joint account which we are currently using for the wedding and honeymoon but it will become our big savings account after the wedding. But we still plan to maintain our individual accounts for our paychecks and for paying bills. Most financial planners advise this type of arrangement.
Post # 10
I am basically a house wife for the summer, since I work at a school. We have one joint account and we both have our seperate accounts. That works for us. If having two seperate accounts works for you, then leave it be. Whatever makes your lives easier!
Post # 11
- Wedding: October 2011 - Bed & Breakfast
I don’t know that it is “wrong”, but we found it to be inconvenient and not reflective of our “we are a team, and each of us rises and falls on the success and tribulations of the other” mentality.
Post # 12
It’s not what we do but it’s not wrong.
I know plenty of people that keep their finances totally separate and it works for them. Do what works for you and ignore other people’s remarks.
Post # 13
It would drive me nuts to have a combined checking account.
Darling Husband and I have separate finances and accounts. However, the money is all “ours” and everything is shared, if you know what I mean. We just find it easier to keep track of our own individual expenditures. If either of us comes up short or needs anything, we ask. Although he never asks me; it’s usually the other way around. 🙂
We do have a combined savings account that I raid on a regular basis, LOL.
Post # 14
DO what works for you. We opened up a joint account to deposit all our wedding money in, which is now used for large purchases. We also have a joint credit card. We kept everythign else the same (aka separate). He pays mortgage and car payments, I pay the small bills. Neither of us felt like changing banks and it just works for us that way. All our accounts are linked so we ecan move money around as necessary. I don’t see the big deal at all. Personally, I don’t want to see everything he buys, nor do I want him to see every little thing I buy.
He pays for target trips, I pay for groceries and he pays when we eat out. We don’t feel the need to keep a score sheet and have everything be equal. If you’re the type that likes to split everything 50/50, then a combined account might work better. We just have the places we pay for and over time it all evens out, and if it doesn’t it doesn’t matter since even though we have separate accounts, we still consider all of the money “our” money.
Post # 15
Some people are always going to think their way is “right,” and any other way is therefore “wrong.” Your finances affect you and your Fiance only, so just do whatever works for you!
Post # 16
@jesssamesssa: First mistake: don’t tell people how you manage your finances. They will always judge and it’s a personal choice. There is no right or wrong way, it is all about what works for you – which may not work for another couple. My theory: if it’s not broken, don’t fix it. You found something that works? Awesome! Don’t change it until it doesn’t (if that ever happens).