Post # 1
My Fiance and I opened our first joint account last week. This was HUGE for me. I’ve always been very indepenant. Although we have lived together for over 3 years everything has been kept seperate and all the bills 50/50.
We decided to both deposit equal amounts into the account every month. Partly because I feel like I still need my own money. What if I’m watching a late night infomercial and decide I need a Shake Weight? Not that I’ve ever ordered anything from TV, but it could happen. Or see a hundred dollar pair of boots that I MUST HAVE! I don’t want to have to explain later. Or if I buy him a gift, I’d like to think that I bought it, not we bought it for him.
When did you join accounts? What was the plan for who deposits what? Does all your money get pooled together, do you keep it some seperate for yourself?
Post # 3
We still don’t have joint accounts. Each of us is “assigned” different bills to pay. I pay my car payment, half of the car insurance, cable, and power. Husband pays the rent and his student loan payments. I make less than him so he pays a larger percentage of bills than I do. Whatever’s left after bills is our own, but we take turns buying groceries, put gas in our own cars, and alternate who pays when we go out on dates. It’s been that way for almost 4 years of living together so I don’t see it changing because it works well for us.
Post # 4
I choose ‘we Never joined accounts’ as we both have Our own separate accounts however we do have a joint account for house expenses only!
Post # 5
- Wedding: October 2011 - Bed & Breakfast
We have a joint account for all joint expenses, and personal accounts for fun money. We contribute equal amounts to the joint account.
Post # 6
We joined our accounts after we were married and honestly, it’s been tough. We’re both successful and have great careers, but we’re also both independent and used to spending when and how we want. I’ve actually proposed splitting our accounts and doing as we did before (we lived together for two years and just split the bills).
Post # 7
We joined our accounts very early. Darling Husband came over to watch a movie, and basically never left. He lived three doors down (which was awesome.) We have been together ever since. He wanted to move out of his place and since he basically never left, it was natural that he started helping pay rent (he had no rent at his other place other than bills.) So, we had a joint account very early on.
Post # 8
We’ve had joint accounts since we moved in together 4.5 years ago. We used to each have a personal account and a joint account but when we got married we joined everything. We have two joint accounts – one is our checking that we use for bills and rent and everything and the other is for savings. We use the cash method (we each get $100/week of cold hard cash) and that has worked well for us.
Post # 9
We’ve had our joint account for several years. We each deposit an equal amount to pay bills, buy groceries, and pay for nights out on it. We each have our own accounts for everything else. I’m planning to keep it this way after we’re married. As far as I’m concerned, as long as I’m covering half of our expenses, how I choose to spend money is none of his business.
Post # 9
We never got joint accounts but just linked our personal account together so that we have access. Not that we dig in to each others accounts, but can transfer money around if needed. We treat the money as joint and are each able to spend freely.
Post # 10
We got a joint account when we got engaged so we can save for the wedding in that specific account. We still have our separate accounts, which we will keep, even after the wedding.
Post # 11
We’re a little old school I guess. I didn’t have an account when Fiance and I met, and when I moved in with him I was added to his account. Both of our paychecks go into the same account and always have, but I handle the finances and bill paying. We generally don’t ‘split’ our money.
Post # 12
@PitBulLover: Our stories are exactly the same. We both also get an alloted allowance.
Post # 13
No joint accounts here. He gives me money and I put it in my checking account. I pay all the bills, buy all the groceries etc. with the money from my checking account (that both of us have contributed to but he does not have access, however he maintains some degree of control because he decides the amount of money he wants to give me). *DH is a small businessman so the amount of money he earns each week/month/year is not consistent and the amount of money he gives me changes frequently. Some months are awesome. Some months are lean.
Post # 14
We have one joined account we started it intending to save money for the wedding. I’m not sure if we can call it joined since I have control of it, I’m the saver while he’s a spender and needs this money out of his reach.
Post # 15
Darling Husband and I opened joint accounts while we were engaged. That was when we started considering everything as “our” money instead of mine and his. Now money is very tight (I’m a student and he’s unemployed), so almost all of it has to go for our essentials. We do try to keep about $20 each per month to spend independently. It’s very important to both of us that we be able to buy somethings without approval from the other.