(Closed) Are you joining finances ??

posted 6 years ago in Money
Post # 3
Member
2419 posts
Buzzing bee
  • Wedding: August 2015

When we get married eventually, we are going to do 1 joint checking, 1 joint savings and then I would like to keep personal accounts as well. That way when we get our allowance every week, we can do with it what we please.

Post # 4
Member
5494 posts
Bee Keeper
  • Wedding: August 2011

When we got married we joined all of our finances 100%.  Marriage is a 100% commitment to each other in every way and in my opinion that includes finances.  It works really well for us because we trust each other’s judgment and never question the other person’s financial decisions, (we’re both responsible). 

Post # 5
Member
2390 posts
Buzzing bee
  • Wedding: July 2011

@Sanola831:  We have a joint checking that is also linked to each of our personal accounts, so we can both see/use the joint and our own individual account.  We each have a certain amount auto deposited from our paychecks (he contributes more because he makes more).  That account is used only for fixed expenses, and I take care of all the payments because since he moved into my condo, everything is already set up in my name.

The individual accounts are great because we don’t have to always keep the other person informed about little expenditures – I don’t care about his bar tab, and he doesn’t care about my pedicure.  That’s the kind of stuff that’s a pain to keep track of if you only have one account.  We also use these for things like groceries, dinners out, gas, trips, etc.  Just whoever happens to have money at that time pays for it – it’s not “his” and “mine” – it’s ours.  I like doing it that way because I know EXACTLY what we need for the joint account, and we can have more flexibility with the individuals.

We each have our own savings accounts and investment accounts.  

Post # 6
Member
701 posts
Busy bee
  • Wedding: June 2012

@Sanola831:  My husband and I have lived together for three years and just got married and have joint finances, but we do not treat them like a joint account really. We do not split all the bills 50/50, we have certain bills we are responsible for. The plan is to keep our money separate by having our own checking accounts and we are going to treat them as separate checking accounts, but they are going to be joint. We want to do this so we have our own money, but the other would have access to the account in case of emergency. Plus it’s nicer for him to have my card if I need him to pick something up for me that I was planning to pay for then he can just use my bank card. We like the idea of separate so we can still treat each other to gifts etc and not have to keep track of what the other is spending money on.

Post # 7
Member
2390 posts
Buzzing bee
  • Wedding: July 2011

@Meowkers:  Even if your finances are 100% shared (as ours are) there are different ways of setting it up.  We have some joint and some individual accounts purely for ease of record-keeping.

Post # 8
Member
540 posts
Busy bee
  • Wedding: July 2012

@Meowkers:  +1

@oneofthesethings:  I think Meowkers (cutest name ever, btw) means that everything is joint.  Our finances are too.  One joint checking, one joint savings.

Post # 9
Member
4439 posts
Honey bee
  • Wedding: January 2013 - Harbourfront Grand Hall

We’re in the same situation, own a home and split things 50/50 and we DON’T plan on combining our finances, MAYBE a joint savings account for long-term home expenses, but what we do now works for us 🙂  My main concern in combining them is that we’d fight about money so I just want to take that out of the equation.

Post # 10
Member
2407 posts
Buzzing bee

We mostly combined. We have joint savings and checking accounts. All our money gets deposited in the checking account so essentially our money is combined. 

However, we each have private checking accounts. We each move a couple hundred into ours each month for things like eating out at lunch, random purchases, etc. 

Post # 11
Member
2116 posts
Buzzing bee
  • Wedding: October 2013

Yes we are.

 

1 Joint Savings, 1 Joint Checking, 1 personal Checking for each of us, and 1 personal credit card for each of us for emergencies. I think. LOL.

Post # 12
Member
5494 posts
Bee Keeper
  • Wedding: August 2011

@PilotsGirl56:  Yes that’s what I meant.  Joint as opposed to just transparent

 

Post # 13
Member
4895 posts
Honey bee
  • Wedding: October 2018

We’re planning to combine everything. 

Post # 14
Member
247 posts
Helper bee
  • Wedding: September 2012

We have joint accounts and we go over the finances every other week. My husband pays the bills and takes care of all that then he gives me a percentage of what I make for my personal spending… we have every penny we make accounted for in our budget and going towards either bills, our ‘allowances’, or baby fund, vacation fund, etc.

Post # 15
Member
873 posts
Busy bee
  • Wedding: August 2010

We have joint everything except retirement accounts through work.  I also have a few brokerage accounts that he’s not on, but that’s laziness on my part, plain and simple. We’ve never fought about money.

Post # 16
Member
132 posts
Blushing bee
  • Wedding: January 2011

We will be joining everything.  Period.

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