(Closed) Married/engaged bees how do/will you handle the finances?

posted 5 years ago in Money
  • poll: How do you handle the finances?
    We have ONE joint account (i.e. all finances are combined). : (28 votes)
    30 %
    Our finances are completely separate. : (12 votes)
    13 %
    We have a joint account we put money into/pay bills out of but also have our own checking accounts. : (50 votes)
    53 %
    Other (explain below). : (4 votes)
    4 %
  • Post # 3
    Member
    1975 posts
    Buzzing bee
    • Wedding: November 2013

    Double post sorry

    Post # 4
    Member
    1975 posts
    Buzzing bee
    • Wedding: November 2013

    I chose other

    we have a joint account that our pay goes into, and all expenses come out of

    also a joint savings account

    we have a seperate account each where we transfer a small amount each week from the joint account into these account for our ‘ask no questions’ spending money

    Post # 5
    Member
    178 posts
    Blushing bee
    • Wedding: June 2013

    We will be combining into one when we get married. That should work for us, but it isn’t to say it is the solution for everyone.

    Post # 6
    Member
    909 posts
    Busy bee
    • Wedding: July 2013

    I understand what you are feeling. I currently write the FI rent checks each month with extra for the utilities, groceries and other joint purchases. It does feel more like “roommate” than soon to be wife. 🙁

    Post # 7
    Member
    5969 posts
    Bee Keeper
    • Wedding: April 2018

    Hey punkin, why are we jumping to the conclusion that this whole situation is hinging on a lack of trust?  Mr. 99 and I have seperate accounts, he writes me a check for half of whatever’s going out that month and WHOA!  The lights come on when we hit the switch, the water runs and there’s food in the fridge!  Sorcery!

    I can honestly say it has nothing to do with a lack of trust or a fear of arguing and a severe case of…I don’t care who pays what out of where, as long as it gets paid.

    We’re just lazy, and I am sooo disinterested in what he spends his money on that I could fall asleep pondering it.

    But if it’s important to you I wouldn’t let up on it, just be very sure that you set yourself up to succeed with the joint account, and make sure to ask your husband for help in that department if you need it.

    Post # 8
    Member
    1554 posts
    Bumble bee
    • Wedding: November 2011

    we put all our money in different envelopes, one for the expences, another for savings, etc.

    we dont really use the bank, lol

    Post # 9
    Member
    2590 posts
    Sugar bee
    • Wedding: September 2012 - Southern California

    We kept our seperate bank accounts.  It works well for us & as the old saying goes, “if ain’t broke, don’t fix it.”  We did put each other on each other bank accounts though after we got married in the event either one of us needed access to do it or whatever. 

    With all that said, he is certainly so much more than a roommate, despite how we pay our bills!  Try not to think of it like that, but rather as a successful couple you’ve decided to compromise with each other & meet in the middle :]

    Post # 10
    Member
    8464 posts
    Bumble Beekeeper
    • Wedding: April 2013

    I don’t work, so my FI pays for everything.  We have two joint accounts, and I do the budgeting/finances.  After our bills, savings, etc. I put the surplus money into our “fun money” account which he gets to spend out of.  I think it just comes down to what works between each couple. 

    Post # 12
    Member
    46 posts
    Newbee
    • Wedding: February 2008

    Between me and DH, we actually have a total of six accounts: one joint checking and savings, and we each have our own checking and savings accounts as well. We already had our separate accounts before we got married, where our paychecks get deposited into directly, and we each transfer a certain percentage of our pay to the joint checking, which we use for all household things: bills, credit cards, etc. Whatever we don’t use goes into joint savings.

    Whatever’s left after the percentage we put into our joint account is our own money and the other doesn’t really have a say in what happens to that (although I hope DH is saving on his own too!). We both have access to the joint accounts, of course, but I’m essentially our finance manager – the person in charge when things need to be paid. Lucky DH has never even seen a bill.

    Post # 13
    Member
    2448 posts
    Buzzing bee
    • Wedding: September 2013

    We have separate accounts and we totally don’t see any reason for us to join them. He pays all household related bills and I use the money that I make for groceries and my own personal bills (car insurance, cell phone, mani/pedi, etc). If we’re going out or taking a trip, he’ll usually pay, but sometimes I treat. 

    Post # 14
    Member
    1554 posts
    Bumble bee
    • Wedding: November 2011

    @Puppy Love:  hahaha not really! we just hate going to the bank.

    Post # 15
    Member
    5109 posts
    Bee Keeper

    We have joint accounts. I handle almost everything financially

    Post # 16
    Member
    6124 posts
    Bee Keeper
    • Wedding: August 2012

    We have one checking.  Both paychecks go into there.  From here we put money in retirement, savings and pay the household bills.  Fun money comes from this account and we agreed upon a limit before the purchase requires a “meeting.”

    Everything is pretty much set on automatic withdrawal (credit cards, retirement, utilities, auto insurance) that there is not a whole lot of interaction needed – regardless I like to track the expenses and see what we spend each month.
     

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