(Closed) Seperate bank account or Joint accounts?

posted 6 years ago in Emotional
Post # 61
626 posts
Busy bee
  • Wedding: September 2014 - Jacksonville Inn

We have seperate accounts and somewhat seperate finances. My partner makes 90% of our household income because I am a student and work part time. She pays all of our household bills and living expenses. I pay a few of my own small bills and I pay my tuition bills. However, we both have the view that her money and my money is OUR money. This is what works for us for now but we are both open to transitioning this to a differant arrangment if needed. We have both been in relationships before where we had to justify every penny we spent and both hated it, so this is our solution.

Post # 62
5879 posts
Bee Keeper

Both. Joint account for  household bills and savings and we still have seperate accounts for our own “play” money or exclusive bills (i.e. My Gap credit card, is for my purchases only, so I’m responsible for that).

Post # 63
8377 posts
Bumble Beekeeper

View original reply
KoiKove:  We never argue about money. Like seriously never. We have a budget that we both agreed on, and we both stick to it so there’s never any need to tell each other what we spent. If he goes grocery shopping, he knows how much there is to spend. We budgeted in lunch money and if a colleague says “let’s get outta here” for lunch on Monday, then I bring instead of buy on Tuesday, or maybe skip a lunch out the following week. If he’s taking a buddy golfing or something like that comes up, he’ll let me know just FYI that a debit is going to hit the account, but the money’s already there waiting to be used, so it’s NBD.

If people are arguing, it’s because they have different spending habits and priorities. Maybe they verbally agreed to a budget but one (or both) aren’t willing to stick with it. Or maybe they never discussed their expectations and one partner thinks they should be saving for tomorrow while the other wants to live for today. That’s when you get problems. If you agree on your priorities and know what’s coming in and going out, there’s nothing to argue about.

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