(Closed) When did YOU decide to combine finances?

posted 9 years ago in Money
  • poll: When did you and your SO combine finances?

    When we got married

    When we got engaged

    When we moved in together

    Never- we are completely seperate

  • Post # 32
    Member
    2973 posts
    Sugar bee
    • Wedding: August 2013

    @trueblue14:  this is what i’d like to do. i’d also like to separate bills or put in half of the bill money into another account and pay bills out of that.

    Post # 33
    Member
    1608 posts
    Bumble bee
    • Wedding: July 2015

    Other – we have a joint savings account and we are not engaged yet and don’t live together. We won’t be combining all of our finances until we’re married, however. 

    Post # 34
    Member
    2 posts
    Wannabee
    • Wedding: April 2013

    We combined accounts after we got engaged and moved to the same state. We currently live separately but we keep everything in one account to save for the wedding and to work on paying all our credit cards/car payments off before the wedding.  Its great because he takes care of all our bills and i monitor our savings.  I grew up in a family in which my parents kept separate accounts and they argued so much about money. I think the joint account makes both of us accountable and secure.

    Post # 35
    Member
    1611 posts
    Bumble bee
    • Wedding: Central Park

    We have three checking accounts. One for him, one for me, and one for us For utilities, bills, groceries, etc. We each have our own savings account and we have a joint savings for the wedding and honeymoon. It works well for us. But we buy each other things from our own money all the time. He usually pays for eating out ( twice a month) and I buy him clothes all the time because he has so few. 

    Post # 36
    Member
    770 posts
    Busy bee
    • Wedding: September 2013 - Franklin Plaza

    @jbridea:  +1    We opened a joint account shortly after getting engaged.  We already shared the costs of everything equally, but decided with saving for the wedding and a house it made sense to finally start a joint account.  

    Post # 37
    Member
    4231 posts
    Honey bee
    • Wedding: August 2013

    all separate accounts and no plans to have joint accounts ever. The mortgage comes out of his account automatically, and I pay him back %50 of the mortgage and propety tax so we both are buliding equal equity. For bills we calculate a percentage based on income. For example, if for the last year he has contributed to 58% of the overall household income, he pays 58% of the water bill and I pay the 42% remainder. That way we both have a fair opportunity to build savings etc. This way we keep finances “Strictly buisness”, no emotion. We have never, ever, fought over money. 

    Post # 38
    Member
    281 posts
    Helper bee
    • Wedding: April 2013

    +1, we divided bills up when we moved in together and then opened a shared acct after we were engaged, but we still have our own accts and credit cards. I think it just depends on what you are comfortable. Suze orman would agree with you. I think it works well either way, just so that you are both honest with what you’re doing etc. I have had a few friends that were scared to use their cards at lunch because they weren’t sure what they hubby was up to-and thought-geez, that would suck. I mean, it  was no big deal, one was buying a new tv and one was having major car repairs I think and one was shorted on their paycheck, so things were tight for both of them, but I think the times have changed, with two debit cards, it could sure get confusing. I have a hard enough time keeping up w/my own purchases.

    Post # 39
    Member
    16 posts
    Newbee
    • Wedding: June 2013

    We combined accounts a year or so after we moved in together…but we moved in together pretty much days after meeting.

    Post # 40
    Member
    123 posts
    Blushing bee
    • Wedding: February 2013

    We kinda combined finances when we moved in together.  I had 1/4 of my paycheck going into my own account, and he has an old account that some of his still goes into.  It’s kind of an emergency fund, so we force ourselves to make do for the most part on our joint account.  We are pretty good with money, but having an emergency fund is something everyone should have.  When I went back to work part time after graduating, I just put it all into the joint account, because I am too lazy to create my other account again.  Oh well.  When I find a job that pays me adult money I’ll probably create another emergency fund lol. 

    Post # 41
    Member
    952 posts
    Busy bee
    • Wedding: City, State

    Won’t officially combine accounts until the wedding (or just before). However we basically considered our money the same after we got engaged. 

    Post # 42
    Member
    2969 posts
    Sugar bee
    • Wedding: February 2012

    The day after our wedding I added myself to my husband’s Chase account. 

    Post # 43
    Member
    187 posts
    Blushing bee
    • Wedding: May 2013

    We are engaged and living together but have no plans to combine our checking accounts yet.  One reason is becuase we are with two different banks with separate savings accounts and just haven’t made the switch to the same bank (FI will be switching to mine).  Honestly though, it’s not important for us to share accounts.  My parents have always had separate bank and savings accounts and although they regularly share their money (as in, if my mom’s account is low then my dad will give her his card, etc), on paper they are separate. 

    I’m sure at one point, Fiance and I will combine our finances but I like the independence of having my own accounts.  We make nearly the same amount of money so that’s not the issue; I just like keeping track of my money myself. We share when it’s needed of course, but for now we don’t have plans to combine anything.

    Post # 44
    Member
    797 posts
    Busy bee

    We did it a month before getting married. We oppened a joint chequing account for house-expenses and wedding gifts but we kept our seperate accounts as well. 

    Post # 45
    Member
    381 posts
    Helper bee
    • Wedding: November 1999

    No poll option for me but we combined finances about 4 months ago and we are still 4 months away from the wedding. So somewhere between getting engaged and getting married.

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