Post # 47
@Ninteenthchance: I haven’t worked for the last 2.5 years (I went back to school), but even then we never had the same accounts. I have access to his accounts for grocery shopping and such, but we still have our own accounts under our own names. I start working this month, and we decided to get a joint account that we’ll pay all of our bills out of every month–but we will still have our separate accounts to have our “own” money in. It works for us, even though people constantly question us about it and can’t seem to understand why we do it.
Post # 48
We don’t currently and never did. We’ve been living together for over a year and married for one month. I own the house so I pay for that and we split utilities. We don’t even eat the same food so our grocery bills are separate too. We take turns paying for common things like paper and cleaning products but mostly I try to pay for those since I make more money. We settle up once a month and it’s really easy because we can bump money to each other using our iPhones and capital one360 online banking, it’s awesome.
Post # 49
My husband and I have been together 5 years and married almost 1 year and we still have separate accounts. He earns more than I do, but we still split bills, and he just pays for things like takeaway or when we go out. We bought a business earlier this year and most of his extra money goes towards paying the part loan we took out to buy it.
It works well for us. We tried putting it all together but it just didn’t work and created unneccesary arguments. Much much happier with it kept separate 🙂
EDIT: Also we’re expecting our first baby in just over a month and our finances will remain separate. It works for us! 🙂
Post # 50
We have yet to talk about it since we gotten married and I technically do not have a job so he been footing everything since the move. Once I find work I want to set up a joint account at a local bank where we put a certain percentage into the account and that goes towards household and pet expenses. But I want to keep separate accounts for our personal bills.
Post # 51
We have been together over 5 years and married for 9 months. Yay! We always kept everything separate before we were married. I’ve always made more money so I would pay out the bills and he’d write me a check at the end of the month. We usually split 50/50 but I would pick up extras on the way home if need be and I would not expect him to reimburse me. We opened a joint account about 3 months after we got married and now all of our money is pooled. I still have student loans to pay and he has a line of credit to pay so all extra money is going towards that debt. After we are debt free, in the next 2 years I hope, we will keep our joint account but we will open separate accounts and put an allowance for each of us in those accounts to do as we please with. It won’t be a large amount but I won’t feel bad about getting my nails or trying to make equal personal spending decisions.
Post # 52
And it works for you! That’s why I don’t the reasoning behind people questiong what other couples do in their marriage regarding money. It blows my mind!
Post # 53
My husband pays for everything (he works, I don’t) and I manage the finances. We have joint accounts and it’s what works for us (we never fight about money). I think as long as you communicate your expectations clearly to each other, there is no “wrong” way of sharing/splitting bills.
Post # 54
@Ninteenthchance: Well we don’t (didn’t) share a bank account until recently.
What happened is that the last place we lived at sent us a safety deposit check addressed to both of us. We took it to the bank and asked to have it deposited in one of our accounts, didn’t matter which. Our teller badgered us into opening a joint account and then she got another guy to tell us the seem thing so we reluctantly agreed. In the grander scheme of things we do not really plan on sharing a joint account because we split up our financial responsibilities and I know it would drive me nuts if we just had one joint account because I try to keep really good track of what I spend and I wouldn’t want to have to keep track of what he buys as well.
Post # 55
My husband and I share things 100%. Wouldn’t have it any other way. It makes us responisible to one another.
Post # 56
Don’t share money, no joint accounts, no shared credit cards. There are really no downsides to this. We’re having a baby, so we’re going through a period of transition on how to handle this. So far nothing really is different. When I’m not working or getting any income I just need to tell him what my fixed expenses are so he can float me. No biggie.
Post # 57
We each have separate checking and savings accounts and a joint checking and savings account. We split paying household bills from our separate accounts. I guess the joint accounts are really just emergency accounts at this point which we both put money into each month. We also have an agreement where if either one of us wants to spend over a certain amount then we both have to be in agreement or it doesnt get purchased even if it is coming out of our separate accounts. I learned this system from my Grandparents, its worked for them and it is working for us.
Post # 58
Well, we don’t share an account, but we do share money and have done so since we moved in together 4 years ago. We have separate checking accounts and a joint savings account. It works for us. We discussed joining our accounts, but why fix what isn’t broken? We split the bills between us, and share when it comes to excursions or shopping. We buy little things for ourselves as we feel like it, and discuss the big purchases together. We don’t keep score, and we’ve never fought about money.
Except the time my husband bought a $200+ TV without saying anything. That was when we had a discussion about letting each other know about big purchases beforehand!
Post # 59
DH and I are newlyweds, but we’ve been living together for three years. We’ve always kept our finances fairly separate. I pay the bills, rent and grocery shopping out of my account, and he transfers me a set amount each fortnight for these bills (more if there’s a big bill coming up). We each pay our own phone bill.
We decided that the payments would come from my account because I’m more organised and wouldn’t miss payments, plus DH has debts whereas I have a great credit history. DH pays off his own credit card debt, but when I start working full time, I’ll start chipping in because part of our wedding was paid for out of DH’s loans. We also split things fairly evenly in terms of who pays for nights out etc – it’s just whoever has money at the time.
We think that when we start saving for a house or kids, we might open a joint savings account and put a bit of our incomes into it each month. Right now, though, we pretty much live hand to mouth so no saving is happening. Stupid uni 🙁