(Closed) Managing finances – what do you do?

posted 5 years ago in Married Life
  • poll: How do you manage your finances?
    We have joint account(s) with no personal account(s) : (82 votes)
    36 %
    We have joint account(s) for bills and shared expenses, but we each have personal accounts too : (72 votes)
    31 %
    We do not have any joint accounts and both maintain separate personal account(s) : (26 votes)
    11 %
    We will have joint account(s) after we get married with no personal accounts : (8 votes)
    3 %
    We will have joint account(s) after we get married, but will still maintain our personal account(s) : (38 votes)
    17 %
    Other : (4 votes)
    2 %
  • Post # 3
    7312 posts
    Busy Beekeeper
    • Wedding: October 2011 - Bed & Breakfast

    We originally planned to have joint and individual bank accounts. But that was too much work, so we went to a sole joint bank account. We also have a joint investment account and individual retirement accounts (through our employers). It’s just easier for us to combine everything that we can.

    Post # 4
    10565 posts
    Sugar Beekeeper
    • Wedding: January 2011

    We have some personal accounts, but don’t really use them.  For almost all purchases we use our joint credit card.

    We have a spreadsheet for all of our accounts that we update monthly.

    Post # 5
    16217 posts
    Honey Beekeeper

    Currently, everything is joint. When we have a bit more disposable income, we may each start an account where we allocate a certain amount per month for discretionary purchases.

    Post # 6
    1060 posts
    Bumble bee
    • Wedding: October 2012

    We use our joint accounts and credit cards as much as possible. We still have our own accounts open with our own credit card, and periodically transfer funds to our personal accounts for our own spending money (although we spend from the joint account too!)

    Post # 7
    11234 posts
    Sugar Beekeeper
    • Wedding: August 2013

    We plan on having joint accounts and keeping our personal accounts for fun money.

    Post # 8
    7420 posts
    Busy Beekeeper
    • Wedding: November 1999

    Joint (for joint bills) w personal accounts (for personal expenses and individual bills).

    Post # 9
    823 posts
    Busy bee
    • Wedding: August 2013

    Joint account for bills, seperate checking accounts for spending money and one savings account that we don’t touch. Everything is budgeted out and we stick to it. 

    Post # 10
    791 posts
    Busy bee
    • Wedding: September 2011

    We have a joint checking account for our bills, but we still each have our own seperate checking accounts for personal purchases.  It’s worked out great for us for the last 3 years!

    Post # 11
    4284 posts
    Honey bee
    • Wedding: June 2012

    We’ve had a joint checking since a year after we started dating when we moved in together that is for bills and groceries. Then we each have a personal account. We put a certain amount in our joint account every week (he puts in more since he makes a TON more).

    ETA: We’ve been together for 6 years.

    Post # 12
    2457 posts
    Buzzing bee
    • Wedding: September 2012

    We don’t have joint accounts. Why should we? We handle our money just fine. 🙂

    Post # 13
    1864 posts
    Buzzing bee
    • Wedding: August 2012

    I chose other.  We have joint checking/savings that we use everyday for bills, groceries, etc.  But, there is a small savings account still in my name only that I had before we got married.  We’re using that account as our emergency savings, but currently, I’m the only one who can touch it.  I have all the passwords, the PIN, etc.  Eventually, we’ll make that one join as well, but it’s a 2 hour drive to get there and we’re never there on a weekday and I have to legally change my name with the credit union in person apparently. 

    Post # 14
    601 posts
    Busy bee
    • Wedding: March 2013

    We have joint everything once he moved in with me it went from mine and his to ours and that’s how it should be for me but to each there own.

    Post # 15
    6124 posts
    Bee Keeper
    • Wedding: August 2012

    We have joint everything.  I have an old ING account from my premarried days but I don’t do anything with it.  It only has $100 sitting in it, butit’s not active.

    I believe in the greater good that having combined efforts has.  It works for us, but I know in my former marriage this idea did not work at all.


    Post # 16
    342 posts
    Helper bee
    • Wedding: January 2013

    We have separate accounts, but essentially it’s merged.  Our names are joint on our mortgage and home equity lines of credit.

    The mortgage payments come from my account and Darling Husband pays the property taxes/utilities from his account.  When we go shopping we alternate who pays, but we’re not overly fussed on making it perfectly even.  If one of us ever needs money we will either transfer from the line of credit or do an email transfer. 

    So far this works for us.  I would have no problem merging accounts but for now there really has been no need and we’d have to go through the hassle of switching all our automatic payments so we’re just leaving it as is 🙂

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