So now that the wife has finished RN school and will begin working within the next week how do you guys do your checking accounts? Do you do joint accounts? Or separate? I'm leaning more towards separate but she wants joint all the money in one? I make 300-400 per month more than her (for now). I compiled a list of bills for each of us. I worked it out where I pay 400$ more a month that way she has extra spending money. She still doesn't like the idea. So please educate me on what you guys do.
Separate accounts all the way! That way both of you should know exactly how much you have for the month. Joint account and someone spends money and the other does not know, easier to become overdrawn.
If you can, do some research on Dave Ramsey. You should be able to sit down at the table and make a budget together with one account. Sometimes that doesn't work and my wife and I have gone to separate accounts and it has worked well but to be honest, I don't like it. We did it together for close to 20 years. sent from my samsung note 2
We had sperate & joint. THe joint account paid the bills, and random small items that cropped up. Our separate accounts were our own spending money. If something big came up on the horizon, we were both responsible enough to save up for it. And if we got hit with something big we both also had savings to handle it. (Within reason)
Seperate accounts. She pays her school loan, gas for her car, cell phone, and groceries. I pay for everything else including retirement, savings, home projects, going out, etc. I try to pay the lions share so that if/when one of us spends on a want to have item we don't have to justify or fight over it. If our income levels were close, I imagine we would have to combine things, but for now this really works well for both of us. We may have my wife stay at home with our son and if that happens we will have to combine things, I'm anxious to see how that works out.
She's had access to my my/our money for the last five years. That doesn't bother me at all. My thinking is we will have the same left over every month to do as we please. I'd like separate so I can put back money for my Elk trips an such. She thinks I will hide it I guess. Not trying to hide just put it back so I'm not strapped when something comes up. She would have hers to do the same.
If I don't trust a woman enough to share a bank account with her, then I sure as hell don't trust her enough to share a life with me.
Joint all the way. We are in a marriage. We said our bows and became as one. In that so has very thing we have. Money is one thing we haven't really had an argument over. It works for us. May not be for everyone though.
I got duped into that, we both made about the same when we got married. We had separate accounts until I made more then she did. She fought tooth and nail to get a joint account and then cut her hours. Now she knows exactly what I put away in my savings. I'm just trying to avoid a fight about money, I'm a saver just because I would like to retire before 55
Everything we have is combined. I wouldn't want it nor could i imagine it any other way. We have zero trust issues. We have several sets of friends that have separate accounts. It doesn't seem to be working for them. Each and every one of them complains about money one way or another. I hear the guys' side and my wife hears the wives opinions. Either he hoards "his money" and won't help out with kids expenses or she doesn't make enough to keep up with a certain lifestyle. Going out to dinner with them is awkward at times when they have to decide who pays for the food.
My wife is a stay home mommie. We have separate accounts I pay all the bills and give her a weekly deposit for spending on her needs. What's left goes into my savings. It Erks her sometimes but hey our money is always straight if she had access to my checking or savings I'd be broke god love her but she doesn't get money and saving like I do. Just the way it is. Mind you even with her weekly generous deposit she is typically hitting my for cash by Wed
we have always had a joint account. I don't write checks so there is never any dispute. She pays the bills and I make the money(most of it anyways). I get some cash every time I get paid and if one of us wants something expensive we talk it over and make a decision on whether or not it is OK with both of us. It has been this way for about 24 years now and it has always worked out. Most times you find a way to get it done. Sometimes you either have to wait or just don't get what you wanted.
