Do you have joint or seperate checking accounts?

posted 5 years ago in Married Life
  • poll: Do you have joint or seperate checking accounts?
    Joint : (46 votes)
    42 %
    Seperate : (22 votes)
    20 %
    Other : (42 votes)
    38 %
  • Post # 61
    4238 posts
    Honey bee

    We have separate accounts currently. We are planning to open a joint account where we’ll deposit a percentage of our money for rent and household expenses, and then maintain our own accounts for personal use. No way would I ever just completely combine finances. Right now we basically just share all of the important stuff, but other than rent, we don’t really keep track (for example, we take turns buying groceries but don’t really track who spent how much).

    • This reply was modified 4 years, 8 months ago by  ClaudiaKishi.
    Post # 62
    8770 posts
    Buzzing Beekeeper

    We’ve been 100% joint since we got married. A little before actually, since I put money towards my engagement ring and he put money towards my car before we were married. I’ve usually been the main bread-winner, but we’ve alternated. I was unemployed for a time, then underemployed for a longer time and he brought in more money for those periods, but it’s always been OUR money. He never made me feel bad when I brought in less and I sure hope I never make him feel bad when he brings in less. He’s more of a spender by nature, but he appreciates me reigning him in and we never argue about finances. Oh — he does have a “foldin’ money” account that he direct depostis a little of his paycheck into. It’s small enough that we don’t miss it in the budget, but enough for him to pick up a video game (or whatever) when he wants. I trust him not to spend it on hookers and horses. I don’t have a separate account because if I want anything, I’ll put it on a birthday or christsmas list. Other than that little bit, it’s all joint.

    Post # 63
    2691 posts
    Sugar bee
    • Wedding: October 2015

    Fiance and I joined our bank accounts long before we got engaged. It just made sense. We both communicate any purchases we need to make (i.e. going out to lunch with friends, new clothes, ect.) and put them into the budget. Anything big we save up for and buy at a determined time. It works perfectly for us.

    Post # 65
    2969 posts
    Sugar bee
    • Wedding: September 2014

    We have a joint account (both checking and savings) for our joint expenses such as honeymoon, home improvements, emergencies etc… We specifically got this account at TD Bank because of the free coin machine so every few months we refill the account. All of the wedding money also went into this account.

    We also kept our separate accounts for our own bills and just to have other accounts. A few months ago, I had some odd charges an my account was frozen. It took about 10 business days to get it working again so I literally had no access to my account. Luckily, I had his account and our joint account to fall back on to pay my bills and use for everyday expenses while that issue was being resolved. I suggest that no matter what you do that you have atleast 2 unlinked accounts in case you ever have a problem. You don’t want to be stranded and having to borrow money from people in case of an emergency.

    Post # 66
    327 posts
    Helper bee
    • Wedding: July 2014 - Presque Isle

    I voted other. We’ve had a joint account since 2012, when we first moved in together. We weren’t even engaged at the time but it made sense for us. We still use the joint account and my private account although it hasn’t been used in some months. He actually just closed his private account because he didn’t pay attention to it and and forgot to move a personal bill over after we married. It overdrew so he can’t have nice things.

    Post # 67
    1081 posts
    Bumble bee
    • Wedding: October 2014

    we have both joint and our own account.  Dun bother to close the old one plus we can tuck our fun money there 

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