- Pokemon
- 8 years ago
- Wedding: November 2013
Do you and SO have a joint bank account? joint savings account? Or both? Are there any beniefts to keeping it seperate?
Do you and SO have a joint bank account? joint savings account? Or both? Are there any beniefts to keeping it seperate?
Benefits from separate are:
We have only joint everything. For us, it worked out best this way.
We don’t and I am so scared to join accounts. He is not good with his money and will be worried about our balance all the time. Once we start saving for the wedding (next few months) we will have a specific savings account for that but he probably won’t have access.
He was never taught basic money managing skills so I am still trying to teach him. Poor BB.
Fiance and I share a joint checking account for bills and joint expenses, and also one for wedding expenses. I am also under one of his credit card’s which we use to accumulate mileage points (hoping to take care of honeymoon airfare!!). We also each have our own individual checking and savings accounts, though.
We have joint and separate. Joint, we put most of our pay into, but we put some into our single accounts too. We use those for things that aren’t shared… Like if we go out with our friends on our own, if we want to buy some pants or something just for us. Anything shared comes out of the joint.
We have both – a joint account for our joint bills (rent/groceries/internet/laundry/date nights/etc) and then separate accounts for everything else. We like it since it allows us to save together but also spend to our own liking… say if SO wants to buy a new video game or I want to splurge on my 50th cardigan.
We have our own personal and a joint bank account. No problems in the last 1.5 years.
i should probably answer for me, we have a joint account that our pay goes in that we pay rentand groceries from, and bills like insurance, internet and phones bills get direct debited from.
We have a joint savings account that we transfer $400each into each fortnight. this is for our wedding and saving for any household stuff like new furniture. And for holidays and Christmas.
We have another account that is connected to both the above that we put money aside for the bills that come in every three months (electricty, gas and water)
We each still have our own accounts that we transfer money into each week which we call our spending money
I have been tossing this idea around also Initially I was afraid we would fight about money if we had a joint account, but now I am wondering if we will fight more if we don’t share money! This is a shameless bump. The more opinions the better!
Not yet. We’re in no rush to go there either. Our current system keeping it separate works for us (he pays mortgage and i pay the bills) and we each know generally what the other spends and how much $ they have.
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