Post # 1
Me and my FI currently live together, and have maintained separate bank accounts. We both like the freedom of being able to buy what we want to without the other person getting upset, etc. We split the cost of bills, groceries, and going out, and all of that, with me taking on a little more because I make more money. It works well for us, but whenever people find out that’s what we do, they act like we’re insane. Is it really that weird?
Post # 3
we plan on doing the same thing, so i vote no, not weird at all 🙂
Post # 4
We have separate accounts because we never got around to combining them. We have just divided up our expenses with him paying a certain percentage based on his income and me paying less because I make less money. We will combine eventually but we are lazy 🙂
Post # 5
He will have an account, I will have an account, and then we will have a joint account that both of our paychecks go into. FI will not have access to anything except his personal account…I will be responsible for putting money in his account and making sure bills and such get paid.
Yeah, I’m the man in the relationship when it comes to finances and FI knows that. He gets access to money and all of a sudden he can’t see straight!
Post # 6
It’s weird to me and I would not be okay with this kind of set-up but I know many people do this so it isn’t abnormal. You have to do what you and your FI are comfortable with.
Post # 7
I personally wouldn’t do it but whatever floats others’ boats. Neither of us feel guilty about spending money, but we talk about large purchases (which I would still do even if you don’t combine accounts) and we make sure that we are working on going toward our common goals.
Post # 8
It sounds fine to me, and that’s what we do too. But after FI and I get married, we’re going to have a joint checking and joint savings account, and then just set up automatic deposits and deductions to maintain our own spending money but have an easier time paying for groceries and bills and whatnot. Do what you want though, no problem.
Post # 9
Hell, we’re married and still have separate accounts. I want to put a dent in my student loans before combining accounts, and DH is okay with it. He makes more money than I do so he pays rent and bills–I pay for going out, groceries, etc.
Post # 10
We’ve always had seperate accounts and it works for us, so why mess with a good thing? Do whatever works best for you!
Post # 11
I’d find it odd if you didn’t have even a joint savings account after you got married. FI and used to split bills, groceries etc.. but it was such a relief when we stopped, I didn’t like keeping tabs.
Post # 12
We will have a joint account, but also keep seperate accounts.
We will pay rent, home bills, etc from the joint and then incidentals, cc bills etc from our own.
We also have our own separate investment accounts.
Post # 13
@bakerella:took the words out of my mouth!
Post # 14
Our accounts are separate.
Post # 15
This falls into the category of “It seems to be the norm on WB, but I don’t know anyone IRL who acts this way” – except a few friends who roll their eyes and admit they haven’t gotten around to combining finances yet, because they haven’t made time to go into the bank and close one account.
Post # 16
@ddw: Yeah – I’ve found the same. When I said that is seems a lot of people do this, I meant on WB. I don’t know anyone in real life who didn’t combine accounts when they got married.