(Closed) Sharing bank accounts with SO?

posted 8 years ago in Money
Post # 3
Member
4582 posts
Honey bee
  • Wedding: October 2011

We have separate accounts right now. Once we’re married, we plan to keep our existing accounts for our own personal “fun” money and open a joint account for groceries, household things, bills.

Post # 4
Member
11325 posts
Sugar Beekeeper
  • Wedding: February 2011

When we were engaged we had a joint account for joint expenses (we bought a house together) and personal accounts for personal expenses. We found it to be too much work for us personally– especially because neither of us is uncomfortable with the amount or way in which the other spends money– so we switched to fully joint accounts. 

Post # 5
Member
3126 posts
Sugar bee
  • Wedding: December 2017

We have joint accounts and one joint credit card. We also have seperate credit cards that we have been worknig hard on paying off. I dont actually think we have any remaining balances on them, we just keep them open to keep our credit scores the same…

Post # 6
Member
952 posts
Busy bee
  • Wedding: August 2010

I don’t think we’ll ever have joint accounts besides our savings. We opened up the savings for the wedding and our honeymoon. Other than that, what’s mine is mine!!We split up our bills relative to how much we make. 

Post # 7
Member
3011 posts
Sugar bee
  • Wedding: October 2012

We have our separate account and we just got an e-mail that our joint account was approved tonight.  This will be used for the wedding/any other savings.

Post # 9
Hostess
18637 posts
Honey Beekeeper
  • Wedding: June 2009

We have only joint accounts.  I don’t really want to have seperate accounts.  We don’t feel like we have to justify every purchase but we do discuss larger purchases.

Post # 10
Member
329 posts
Helper bee
  • Wedding: July 2011

We have a joint savings and checking account. I have very different spending habits than my Fiance, so we are working through that. We may have a joint and separate accounts here soon. 🙂

Post # 11
Member
624 posts
Busy bee
  • Wedding: November 2011

How do you bees manage joint accounts. We’ve opened up checking and savings this weekend but aren’t planning on using them till direct deposits transfer. How do you handle personal/spending money? We are so used to swiping debit cards for everything…

Post # 12
Member
3126 posts
Sugar bee
  • Wedding: December 2017

I handle paying most of the bills. Anything left over at the end of the pay period I put directly into our savings account. If we are running low on spending money for a pay period I let Fiance know and we try not to buy as much. I think I am much worse at spending than he is but I have also been making a lot more than him for a very long time. It is hard for me to adjust to not buying everything I want just because there is money in the account because it is HIS money too and we have to pay both of our bills with it!

Post # 13
Hostess
18637 posts
Honey Beekeeper
  • Wedding: June 2009

@msgraphics: We use our credit cards for everything really.  We just try to keep our joint withdrawals within budget.  It’s good to have monthly “state of the union” meetings where you talk about your budget, progress toward your joint goals, etc.

Post # 14
Member
624 posts
Busy bee
  • Wedding: November 2011

@MissAsB Thank you, we were thinking about credit card but was also thinking weekly cash. We are really trying to cut our spending which I’m hoping this will help with.  Basically I’m trying to figure out the best way to set a budget and to keep track of spending. 

sorry to hijack the tread

Post # 15
Hostess
18637 posts
Honey Beekeeper
  • Wedding: June 2009

@msgraphics: Cash is great for getting on a budget since when you run out of money, you don’t have anymore to spend!  My husband and I have gotten pretty good at leveling out our expenses so we don’t have overruns.

Post # 16
Member
10366 posts
Sugar Beekeeper
  • Wedding: September 2010

@msgraphics: We have our monthly spending money automatically transferred from our joint account to our individual account every month. We each have our own debit cards to those accounts, and it works out great. Since the vast majority of our money stays joint, it’s really easy to see where our money is going and track where we could be saving more.

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