(Closed) Joint Bank Acct. before being engaged?

posted 6 years ago in Money
Post # 61
Member
372 posts
Helper bee
  • Wedding: November 2017

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browneyedgirl86:  wow. sometimes… my only response to such idiotic cruelty is like… SHAKE MY HEAD!!! Your friend got LUCKY he was quicker than his ex !!!

Post # 62
Member
1189 posts
Bumble bee

 

Combining finances with the intention of just saving sounds a bit odd to me.

You should feel 100% comfortable when creating an account AND be talking about bigger financial matters such as- are you both savers or spenders? how much do you save (aside from the house)? are you both on time with bills? how much debt do you each have? what if there is an emergency, can your finances get you through? how will you split the household bills? do you know your credit scores?

Listen, finances are a big deal. It is way to easy to ruin your life with a few bad decisions and it can be a major cause of stress in a relationship.

Post # 63
Member
1452 posts
Bumble bee

Maybe.  

My Fiance and I have a joint account for wedding expenses.  

After we’re married, we’ll be combining a joint checking and a joint savings and a joint long term savings (probably with my bank since I’ve been with them for 20 years).  However, as long as I’m working, I’m going to talk to him about separate ‘fun’ accounts that take a small percentage of our take home.

Post # 64
Member
9869 posts
Buzzing Beekeeper
  • Wedding: November 1999

If yoiu’re saving for a house, can’t you both just create your own savings account for it, and then once you’re ready to buy, you can combine all the money?  You still save, but you isolate yourself from the risk of losing the money if you break up.  

Post # 65
Member
300 posts
Helper bee

only put food money in it , be smart unless you are legally married don’t put all your money together. Only the amount that both of you need for dailys 

Post # 66
Member
608 posts
Busy bee

MY Fiance and I had a joint account before we got engaged but we had been together a few years already. I personally find it easier than seperate. You don’t have to always worry about who is paying for what and where’s this money going and that money going. Both of you have equal access and can see exactly where all the money goes but we’re in college so not a lot of money anyways lol. If one of you had more money than the other by a lot then maybe it would be different but at the same time if you’re willing to buy a house together then I think you should be willing to have a joint account

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