So the other money thread got me thinking. For the married folk, do you and your wife share all accounts, or do y'all have separate accounts? I've been trying to think of the best way to do this with future Mrs. Hooker, and so far the best way I have thought of is for each of us to have our own checking accounts, and also have one joint checking and savings account. Each month, both our checks will be put into the joint checking, then we will use that checking to pay bills, buy groceries, pay for gas, etc. We will then put an agreed amount in the joint savings, and then whatever is left will be split evenly into each others personal checking. Does anybody else have a similar set-up? If so, does it work? Any other ideas?
Our accounts are joint but my pay goes into mine, hers into hers and we manage them each separately. Divide up the bills in an equitable or agreed upon fashion and we pay the ones we are responsible for. Works for us.
Married for 10 years and all money goes in the same account. I guess I assumed that marriage was a joint effort.
While not "technically" married, 12 years together & 11 of those living together.... We first started out keeping separate accounts & just dividing up who paid which bills evenly. After a couple years, we opened a joint checking that we contribute equally to, but still have the majority of our money going to our own accounts. She does her thing, I do mine, all the bills are paid, we NEVER fought over money. A budget for big expenses like home remodeling are decided on before hand, and the costs split up evenly.
5 years of being married to my wife and we have everythign together, but before we spend anything we both talk about what it's going to be spent on.
one account for us... imho, its just easier to keep track of, less work equals less frustration and more time for US
Marriage is a joint effort. Marriage isn't all about money. We have separate accounts. We have a joint account. If your marriage is stronger than ours, I salute you.
The complete joint accounts just scare me. I don't want to see how much she spends on her crap, and I doubt she wants to see how much I spend on my crap. So I kinda like the idea of each of us having our own separate spending accounts. Obviously the bills and shared interest purchases will be joint, as well as savings.
Not what I meant Jeff. I was just making the statement about my philosophy. I really don't give a rats ass what anyone else does with thier personal life.
A joint savings and checking for now. As soon as she gets out of school and starts working full time (and we're not scraping by) I plan on opening us each a "fun" account and at least doubling our money I put into savings every week. $50 a week into each "fun" account for spending money. Example: mine will be saved for hunting trips, new bow, etc. Hers will be spent on hair, cloths, shopping, etc.
We have seperate accounts and house account Her account is her spending money House account is for family and Bills My account is her spending money I found this system works the best in our house
We had seperate accounts until about a year and a 1/2 ago. We divided up the bills and each paid our bills. This was great for 10 years then the wife thought it would be a good idea to have joint accounts and not work as much. For the last year we fight about money every time the topic comes up. I spent my whole adult life doing what I want with my money and now I'm being questioned on how I spend it,Investments to toys. I hate it keep it seperate and it will be 1 less thing to fight about.
