(Closed) When did you combine finances?

posted 5 years ago in Money
  • poll: When did you/will you combine finances with your SO?
    Upon marriage : (55 votes)
    35 %
    Upon engagement : (26 votes)
    16 %
    Upone moving in together : (42 votes)
    27 %
    At some other point while we were still "dating" status : (12 votes)
    8 %
    Upon having children : (3 votes)
    2 %
    We don't plan to join finances : (14 votes)
    9 %
    Other : (6 votes)
    4 %
  • Post # 3
    1896 posts
    Buzzing bee
    • Wedding: August 2014

    We’re not joining our finances because if we did my FIs income would count toward my student loans and more than double what I have to pay each month.  However we consider everything to be our money.


    Post # 4
    850 posts
    Busy bee
    • Wedding: June 2013

    We got a joint account a few years after living together, right before we moved to a new state, but we maintained separate individual checking, savings, and credit cards. We used a crazy, complicated system that involved transferring money to the joint for paying bills, percentages, “i paid this last month you pay it this month” stressful conversations. It was dumb and there were always issues and we really had no idea how much we were spending.

    So for budgeting/money-saving simplicity, we decided to just use our joint account for all expenses plus a joint savings account after we got married and now we use youneedabudget.com which has improved our lives dramatically.

    Post # 5
    2894 posts
    Sugar bee

    When we moved in together … 5 months into dating. 🙂

    Post # 6
    37 posts
    • Wedding: June 2014

    I like the system we have.  We’ve got our own checking accounts, and then we’ve got a joint account to which we contribute equally each month.  Joint expenses get paid with a check from that account, or using a credit card we have that is only for that purpose (which actually earns us principal to our mortgage rather than points or miles).  This way we can each spend some money on our own things without having to ask the other person about it, or buy gifts without the risk that they’ll see the charge and ruin the surprise, but we’re still sharing any kind of expense that benefits both of us or is related to the house/bills/etc.  I have found that this system works great at preventing arguments about money, much better than what I did with my ex where we didn’t keep 3 accounts.  However, if you aren’t both earning similar amounts, then this system would obviously be unworkable. 

    ETA: We opened a joint account 2 years into our relationship, when we bought a house together.  It made things so much easier.

    Post # 7
    111 posts
    Blushing bee
    • Wedding: November 1999

    Upon marriage or really even a bit later. We both own houses and will have to shift some things around such that it will be easier to do it over a period of time as things get cleaned up so nothing gets lost. We plan to file taxes separately the first year as well. That said, we view money more or less jointly now (talk over big purchases, don’t worrying about paying back if say I purchase plane tickets for vacation, etc. which we just roughly try to stay “fair”) and we aren’t even engaged yet (but any time now).

    Post # 8
    2894 posts
    Sugar bee

    I misread the question, I thought OP was talking about joint accounts, but we kept our finances separated though. We each have our savings and debts, but everything we need to pay rent, services, groceries, etc., is put into our joint account every payday.

    Post # 9
    1622 posts
    Bumble bee
    • Wedding: September 2011

    When we moved in together… 4 months into dating.  We moved fast.  Too fast actually, but we got lucky!

    Post # 11
    10453 posts
    Sugar Beekeeper
    • Wedding: February 2014

    When we bought our house. 

    Post # 12
    7218 posts
    Busy Beekeeper
    • Wedding: June 2013

    We psychologically joined money when we moved in together. And then once we got married we started sharing accounts.

    Post # 13
    278 posts
    Helper bee
    • Wedding: May 2014 - Muhlhauser Barn

    Fiance and I are combing accounts in Janaury, about six months before our wedding. I wanted this year to work on paying down my credit cards before we officially combined all our money. We live together now & split everything on a monthly basis, which is pretty irritating, so I can’t wait to combine everything & make the bill paying process that much easier.

    Post # 14
    747 posts
    Busy bee

    @cbgg:  We were long distance until our wedding day – we combined our finances the day after the wedding.  (Both sets of our parents paid for our wedding)

    Post # 15
    1252 posts
    Bumble bee
    • Wedding: April 2014

    We shared all joint living expenses 50/50 upon moving in together and then after having lived together about 18 months we pooled everything into joint accounts. And I do mean everything, we have no invididual accounts any longer. This arrangement works for us, and is soooo much easier than in the beginning when we were constantly transferring money to each other for bills and such.


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