(Closed) Just gave up my personal bank account!

posted 8 years ago in Married Life
Post # 3
Member
5921 posts
Bee Keeper
  • Wedding: December 2010

When Fiance and I moved in together, we combined finances.  Some people disagree, but it has worked amazingly well for us, as we moved in together 4 years ago. 

We have a joint checking/savings account, and seperate mutual funds.  He also has a business credit card (he works out of state 5-6 months a year) and it is much easier for him to keep track of expenses for taxes like that.  I have access to that account as well, although I never use it.

Congratulations on the upcoming wedding πŸ™‚

Post # 4
Member
95 posts
Worker bee
  • Wedding: August 2010

doesn’t freak me out at all. I do all of the bills and always have. Fi literally hands me his paycheck every week and always has-I’ve never asked him to but he said he wasn’t great with money. I do both his bills and mine and it’s put into an account together. There never really was “my money” or “his money” so I suppose I’m sort of used to it. It always came naturally that way but now I am well aware of why… I gave Fi the ATM card to one of the accounts because he is working out of state and needs to be able to access $ easily for food and stuff…. Well that was a couple weeks ago and so far I have had to transfer funds probably a half a dozen time sor more because he doesn’t keep track of his balances and has overdrawn it. Fortunately I’ve caught it before it all clears (actual balance vs available is great!!!) but needless to say it has become all too clear why this is my job. LOL.

Post # 5
Member
965 posts
Busy bee
  • Wedding: October 2010

Good work! It’s a scary first leap. I did it. It’s working out great. At first it was terrible and we fought a lot, so be prepared for some tension about spending, but before you know it, it will be easy as pie.

Post # 6
Member
913 posts
Busy bee
  • Wedding: August 2009

WOOHOO We combined our accounts last year – it was so refreshing to go out to eat/date nights and not worry about who was going to pay!!  We had split up the household finances anyways according to our incomes, but it was still nice to draw from one account!!

Post # 8
Member
724 posts
Busy bee
  • Wedding: July 2011

My fiance and I are planning on keeping two accounts – one joint and each have our checking and savings accounts. I think our paychecks will go into the joint account, but we’ll have money put into our checking account just so we’re not constantly wondering if we can spend money to buy a t-shirt or book or something. Same with savings – some will be joint, if we’re saving for something together (like an emergency fund) and some things can be separate, such as if I’m saving up for a new camera or whatever. As long as the money gets where it needs to go, I think whatever set up works for you is awesome!

Post # 9
Member
52 posts
Worker bee
  • Wedding: January 1991

I am actually the one who kidnapped his check! (ok j/k I didn’t kidnap it) but yeah, since we got engaged we combined both our incomes into one account, mostly managed by me. I love the fact that without a doubt he trusted me with his check. He obviously has access to the money anytime with his ATM card but I love that I get to pretty much manage our finances. We have good communication in that sense as I share every big money movement with him or let him know where we stand when it comes to wedding expenses and savings.

Although I have abosultely nothing against people who keep their accounts & expenses separate, to me it was a step that proved our (my) maturity and complete commitment to our relationship. I love it. πŸ™‚

Post # 11
Member
52 posts
Worker bee
  • Wedding: January 1991

@alishadhs4 , hahah no worries well we’re actually kind of on the same boat. Currently he makes more than I do, but no worries you are still contributing all you can and that’s what counts! πŸ™‚

Post # 12
Member
965 posts
Busy bee
  • Wedding: October 2010

@alishadhs4 : mainly our issues were around MY spending because he is anxious about money, and i say if ya have it, spend it (within reason of course). So the first couple of months we fought about things like, no joke, a cup of coffee here, a pack of gum there, and why did you need to fill up your car twice this week…etc. Then when I would actually buy something (like clothing or shoes) it was this huge issue of my “wasting” money.

I finally got him to understand that my spending is not out of control and he just needs to deal with it. But it was a rough start!

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