Joint accounts

posted 3 years ago in Money
Post # 3
Member
1068 posts
Bumble bee
  • Wedding: July 2014

We had a joint account for a while, and found that it’s actually easier to have a joint credit card.  Either is better than having two separate accounts, in my opinion (you pay for groceries on Tuesday, I’ll pay for them on Thursday, ughhhh).

Post # 4
Member
5351 posts
Bee Keeper
  • Wedding: October 2009

At first we were not going to have a joint account – but trust me, it makes things SO much easier, espicially for mortgage and bills. 

What we did to make the transistion is his account became our joint account. My account was closed. And our savings account (which was joined anyway) stayed the same. 

We have seperate credit cards though. 

Post # 5
Member
628 posts
Busy bee
  • Wedding: January 2012

we both have our own accounts and one joint account. but i manage the joint and my own and he deposits what i tell him to lol.

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

We have separate accounts right now and plan to join after we get married.  Right now, it’s me paying ALL the bills, then emailing him at the end of the month the amount he owes for his share.  Then he writes me a check which I have to deposit (mobile deposit has helped).  When we eat out, it’s me paying this time, he pays next time.  It’s really annoying and such a pain.  We look like idiots at a restaurant trying to decide who’s paying, and sometimes we still split it.  We will keep our own separate credit cards for personal uses (lunch out, gifts, etc).  I can’t wait to put all this separation behind.

Post # 8
Member
3514 posts
Sugar bee
  • Wedding: March 2014

@MrsPaperFlowers:  Me and FH both have our own personal account as well as a joint account through the same bank so it makes it really easy to transfer money will still have our of personal money as well.

Post # 9
Member
2441 posts
Buzzing bee
  • Wedding: July 2018

My fiance doesn’t want joint accounts either. He had joint everything with his ex wife and she spent almost 200k in the two years they were married and now he’s scarred. He likes to see his account building and I think he’s scared to share that with someone.

I, on the other hand, think we should have joint accounts. I was married before too and my ex was terrible with money and ended up with a lot of debt that I had no idea about. I know my fiance wouldn’t do that but I’m a little scarred to and I would just like the openness of having everything shared.

My fiance pays the bigger bills and I pay the small ones, I usually buy groceries and he pays when we go out. I just don’t like the feeling of “I bought this” or “you paid for that”, I think it should all be “we”. I’m not really sure what we will end up doing though.

Post # 10
Member
2720 posts
Sugar bee

We have four accounts – one joint checking, one joint savings, and two separate checking accounts. All four are linked. We get paid on opposite weeks so every week we automatically transfer $X into our savings and then $X into our joint accounts. My husband sees it as our money and that it wouldn’t be fair if my extra money was less than his eventhough I am making less than him.

We pay almost everything on our joint rewards credit card though. Almost all other bills are set up on billpay with our bank. I try to get things paid the 1st and the 15th of the month to ensure that we always have enough money.

Post # 12
Member
628 posts
Busy bee
  • Wedding: January 2012

@MrsPaperFlowers:  lol we make the same and i’m a control freak lol… so i have to handle it all..

Post # 14
Hostess
4941 posts
Honey bee
  • Wedding: May 2013

We actually just opened our joint account yesterday. Well, he added me to his US Bank account that he already had. We had discussed it before and were probably two of the most “Against joint account” people in the world. However over the past few months we’ve been paying more and more bills together and I don’t have my own bank account, so we figured it would just make more sense to have something together. 

Post # 15
Member
1470 posts
Bumble bee

Right now the plan is to have multiple joint accounts. One checking account that we’ll both direct deposit into and from there send money to our joint savings and joint investments. Then we’ll take 5% each and put it into our own separate checking account and do whatever we want with the money. From the checking account we’ll pay our bills, buy food, support our household etc. and budget for things like gas, lunch, etc. I hope that works out well…he makes like 8x more than I do so I could never split anything 50/50 with him because I couldn’t afford to…and I’d be broke? I wouldn’t wanna live like that lol

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