- 13 years ago
- Wedding: December 2008
I’m getting married in less than 30 days! yay!
But we’ve come to some of the ‘business’ aspects of getting married, and combining our finances is something I’m not quite sure how to handle.
We both want to keep our own accounts and open a joint account so that we can have combined money and our ‘own’ money (which I think is a good idea). Since we’ve been living together we’ve been splitting our rent and power and each paying some of the household bills like cable and internet. FI makes more than I do and it’s important to me that we are equal, that we split our money in a fair way once we are married. He agrees and wants us each to have the same amount of ‘spending money’
But I’m grappling over how to split up the combined expenses and how to figure out what goes into the joint account. As of our last conversation we plan to come up with a total of our combined expenses, each put all of our paychecks into the joint account and after the bills are paid, we’ll each take out an equal amount to spend or put into our separate accounts.
I don’t know what to do with our credit cards (both of us have cards with balances to pay off, luckily we have the money in savings to pay for the wedding in cash)
So I’m basically looking for advice or ideas from you ladies as to how you handle your combined finances and what has worked / not worked for you.