(Closed) Combining finances

• gabrielleelise1981
• 10 years ago

• Wedding: August 2010

We have personal checking/savings accounts and one joint checking account we call the “house account”. Each pay period we deposit $ into the house account to cover the mortgage, HOA fees, cable, gas, power, etc. and an additional $300 month on top of what the bills generally come to. That cushion is reserved for home related needs: calling a plumber, things like that.

Out of the leftover $, about 1/3 goes into my savings account and 2/3 into checking. At the end of the month I “sweep” whatever’s left over in checking into my savings account.

Our credit cards are separate.

• sbbridebythesea
• 10 years ago

• Wedding: October 2010

@Adnama54: We are EXACTLY the same.  Joint savings for well, savings.  We maintain our own personal checking accounts & credit cards.  We take turns paying for everything and it works for us.  We’re both a bit older (31 & 40) though so I think we’re very used to managing our own finances and combining them would end up confusing us both.  lol.