(Closed) Two checking accounts or one?

posted 9 years ago in Married Life
Post # 3
Member
6009 posts
Bee Keeper
  • Wedding: May 2009

We have everything together.  And my husband is in charge of it.  I think we’ve proven that he is the more financially savvy one.  🙂

Post # 4
Member
7081 posts
Busy Beekeeper
  • Wedding: July 2009

We’re weird.  We have one joint account and then 2 small checking accounts for bills.  I couldn’t imagine transferring all my many bills to a new account.  It’s such a pain to enter all the account numbers that I just don’t want to do it again!

Post # 5
Member
1718 posts
Bumble bee
  • Wedding: June 2008 - Winery in the Gold Country

We haven’t combined (been married a year)… I do think it’s much less stressful if you combine!  I still hate that weird awkwardness when we decide who pays for the check when we shop/eat. I mean, it’s not THAT weird… but we both kind of play the game where it’s whoever feels less poor at the moment, they pay the tab (it switches back and forth pretty nicely). It’s pretty lame. For business reasons (I’m an independant contractor) I have multiple bank accounts, so tangling our finances would be messy (and I’m more likely to be audited, so it’s better to leave him out of my finances just in case I do!).

Post # 6
Member
2476 posts
Buzzing bee
  • Wedding: June 2010

We plan on having both!  One large main joint account, and 2 of our own accounts for personal items. 

Post # 7
Member
652 posts
Busy bee
  • Wedding: July 2009

currently have one seperate and one together, we created one together after we started receiving cash gifts and opened an account together, we also use it to pay for wedding relate things

Post # 8
Member
468 posts
Helper bee

We’re planning on seperate.  With the plan of splitting the rent/mortage/utilities. For us keeping things seperate seems to make more sense but YMMV.

Post # 9
Member
2725 posts
Sugar bee
  • Wedding: September 2009

Once we get married we are going to open a joint account for bills and joint purchases but we each intend to keep our individual accounts. I like the idea of being able to buy a gift for him or to buy a coffee without having to explain each purchase to him. And the same goes for him.

Post # 10
Member
290 posts
Helper bee
  • Wedding: September 2010

I think we will do what my parents did– maintain two checking accounts: one has my name as the "top" name on the checks/account, and his the secondary, and vice versa.

 

It worked well for my parents, and they’ve got a great thing going in terms of managing their "money relationship." 

Post # 11
Member
3331 posts
Sugar bee

Currently, we have one joint savings account and separate checking accounts.  So far, we plan on continuing to keep our finances mostly separate, with and maybe adding a joint checking account.  We break our expenses out by percentage, based on what we make and then just each write our own checks.  Right now, I’m not working full time, so it makes more sense to keep things the way they are until I get a finish school and get a better job.

Post # 12
Member
200 posts
Helper bee

Ladies, please don’t combine ALL the money. 3 accounts is ideal: a shared account from which joint and household expenses are paid, and a private account for each of you. How you divide up the money among the accounts is your business, but a woman should always have her own supply of cash in her control.

Post # 13
Member
303 posts
Helper bee
  • Wedding: March 2010

We have one bank account- I think the organizational OCD part of me is pleased by the consolidation of all our money into one place. It just seemed excessive to us to have to put some money here, some money there. I understand why some people keep separate accounts, of course, but it works for us.

Post # 14
Member
274 posts
Helper bee
  • Wedding: October 2009

We’re going to have one checking account. But I’m keeping my savings account. I told him that after we get bills and everything figured out (when we combine them) that I’m taking one of my pay checks a month and putting it into my savings. (One pay check for him is a whole months worth of paychecks for me!)

I’m going to keep my savings because (and he agreed) you never know what is going to happen. You have to expect the unexpected. Eventually, we’re going to have kids, and I’ll be out of work for a little bit. We have some fall back money. I’m going to keep money to the side believe me.

Post # 15
Member
796 posts
Busy bee
  • Wedding: April 2009

We are definitely combining them. I think it will be much less stressful – just writing one check for the rent, just paying the bills/restaurant checks/random nights out/groceries without worrying about if the other person has enough money or trying to balance it based on who makes more. We are pretty much completely sharing it anyway, so hopefully it will be an easy transition.

Post # 16
Member
2207 posts
Buzzing bee
  • Wedding: September 2009

We each kept our individual accounts, but opened a checking and savings account together for bills, etc.  That way we’re joined in the necessities but have our own funds that we do what we please with

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