Post # 1
This is the first time in my life I’ve ever combined my $ with anyone else’s sooo… we’ll see how it goes.
Hubby is very good with money, so I’m not concerned about that at all, and we have a joint savings account now too, I’m just still getting used to the whole idea.
We decided to put all of our receipts together at the end of the day, in a jar on the table & every couple of days he will record them in the register. That way there is no confusion, and we aren’t keeping 2 seperate registers to have to update constantly.
We each still have our own seperate accounts though, for our personal ‘fun money’ that we are going to allow ourselves each month to spend on whatever we want.
This might sound weird, and I know we have it all covered, and are both financially responsible, but I just couldn’t help but feel my heart jump a tiny bit today when we combined accounts. Like the one final piece of my individuality & independance went bye-bye.
It was both of our ideas to combine them, and he’s been asking me for a few weeks if I’m sure it’s what I want to do because he knew my hesitation on it, so that was sweet of him.. and I’m sure it will be ok, it’s just….weird.
Sharing your heart with someone is hard. I think sharing your money is even harder.
Post # 3
I agree with you – I was so scared when we joined accounts! We’ve only had the joint account for a little over a month, but it’s gone well so far. ::Crossing fingers:: =) He’s the more financially responsible of the two of us (not that I’m IRresponsible, per se), so I’m not worried about that… but I make my own money and I enjoy the freedom of using it as I see fit! Now I have to think, WWFD (what would Fiance do)?
Post # 4
We started a joint account a couple of months ago too and I was very nervous. I have always been used to controlling every transaction since I have only had individual accounts. I am definitely still adjusting to it too.
Post # 5
we just did that a few days ago– so exciting!
Post # 6
When me & my hubby started our account together it was right after we moved in together. Probably about a year into our relationship, or a little sooner. My FI is NOT good with money at all so we had some tough times. He wrote bad checks, he lied about taking money out, he lied about paying rent…we had a big issue about money. I know this isn’t helping you out any…& I’m sorry for that! BUT you said that he IS good with money, so that’s a plus.
My FI had lived on his own before, & I hadn’t. So me not knowing any better, I put him in charge of bills. Every payment was late & one of my CC payments got sent to collections. That did it for me…I’m in charge of bills now. & I manage our bank account…good thing one of us are good with $!
That bridge is broken, we have moved past it & everything’s been perfect since we’ve talked about it. Ugh..I couldn’t believe the lie he told me about paying rent, for a whole FREAKIN month he lied to me! We almost got evicted!!
Anyway, it’s an amazing way to share your love & trust. I’m glad you both have a seperate account though, I would do that if the FI wasn’t so against it.
Sorry for the bad news…I’m sure everything will work out perfect with you & your hubs!
Post # 7
- Wedding: September 2010 - Heron Hill Winery
We started a joint accound right before we moved into our new place in June…I got tired of asking FI for money for split bills…this works much better..only I do all the balancing FI never had a good handle on that!
Post # 8
@ Sage – WWFD – LOL!
@ everyone – well, it looks like we are all kind of in the same boat then, just recently joining finances. I hope it goes well for all of us!
Post # 9
@ Lees – wow! Geesh, that does NOT sound like any kind of fun at all (what you went to with the rent thing) but I’m glad you got past it & all is well!!!
Yeah, luckily he is VERY financially responsible, and out of the both of us I’M definately the one who is more prone to spend money (you know, on the stuff that us girls just HAVE to have 😉 & so having an ‘allowance’ is going to be kinda weird, but I’d rather have a set amount of play money than a negative sign on our statement lol.
Post # 10
Haha, yeah! & the worst part about it was…I got my dad involved & everything! I was on the verge of just breaking it off. The manager or the apartment complex was telling me he hasn’t paid rent & hasn’t done any of the things FI says he’s done!! It was crazy! Thank God he finally fessed up…geez!
Post # 11
We are going to do it soon, when our official papers get here. Til then, I have my maiden name, and same accounts. I’ve been weaning myself off my normal methods of payment so I can cancel them and just go on hubby’s cards. He’s the more organized person so he clearly does bills. It’s going to work out better for us, but it’ll be strange figuring out who’s spending what so that there are no random charges on the card. It’s easy to notice something odd if it’s just you purchasing, but with multiple people using the card, a fraudulent charge would be easier to slip by. neither of us have ever done this before, and i agree — it’s weird!
Post # 12
Lees, it’s great you worked things out but I’m a little alarmed your FI is both very against you having your own money and bad with money, one or the other is maybe just personal preference but the combination is super scary IMO. Are you sure you can’t have a small personal account for fun/emergencies and he can have one too?
Post # 13
@Arachna: I just now found out what IMO means by your post! I had been wondering that for FOREVER! LOL! Well, I can..it’s not like he controlls me..& he can have his too, we just prefer to have our joint account. He was bad with money, he’s fine now.
Post # 14
Weve had a joint checking account for about 2 years now. When FI worked for Bank of America we created one. Its worked out well. We both still have our own accounts, which is where our paychecks go…but its nice to have the joint account because then FI can transfer money for me if needed!
Post # 15
We did it a few months ago – and what a pain to change everything over! I’m still getting names changed on cards, etc.
Anyways, we decided, ultimately, to just put everything in one. We were going to have separate spending accounts, but honestly, it just doesn’t matter. If we want to buy eachother something, we just pay cash for it. It really works out best, because now I know where ALL our money is.
Post # 16
We’ve decided to hold off on combining accounts until we are married and my name is changed. At first I was upset FI suggested we wait (we moved in together in July, and I thought it’d be easier to combine), but he has been paying off my student loans (not to mention the rent, hehe), so I’m really, really grateful for that.