What about us having separate accounts? He wants me to pay this and he will pay that...?

Question

My husband and I always have a hard time saving money, so he suggested that we use our seperate accounts ( that we already had ) and deposit our own paychecks and use our "own " money to pay the bills. He will make the house pmt. , truck, and insurance, and half of the HOA dues. I am to pay the phone, gas & elecrtic, and half of the HOA as well. Then we will also split our childcare, and groceries. Is this odd? Is there alot of couples that do this? Will it work? We have been married for 8 years now and he has always been the one who works full time...but now that I am working full time as well he thinks this might work out better for us. What do you think? Has it worked for others? Has this idea not worked for others? I just want some feedback on this idea. Thanks for the help.

Answer 1

YES, THIS WILL WORK!! I HAVE BEEN MARRIED FOR 7 YEARS NOW & WE HAVE DONE THIS FOR ABOUT 6 YEARS. IT REALLY WORKS FOR US!!! HE GETS PAID EVERY WEEK & I GET PAID ONCE A MONTH. I PAY THE HOUSE PAYMENT, HOMEOWNERS INSURANCE, & ANY LITTLE BILLS. HE PAYS THE CAR&TRUCK PAYMENTS, PHONE BILL, & STUFF. BELIEVE IT OR NOT THIS IS PERFECT FOR ALOT OF REASONS. IF THIS IS ALL YOU HAVE TO WORRY ABOUT- COUNT YOUR BLESSINGS. THIS WAS MY IDEA FOR US & IT'S A GREAT WAY TO SAVE. GOOD LUCK & HOPEFULLY THIS WILL WORK OUT FOR YOU.

Answer 2

Up until about 2 years ago we were doing that exact same thing. Due to the electric/gas bill fluctuating one of us always paid more than the other. We then started a joint account for household bills.We set down and averaged out the bills per month to know how much each of us had to put into this account every week. We've been together for 13 years, and still maintain our own personal accounts,but the joint account is working out great.

Answer 3

You know what, it is better to have seperate accounts in a marriage. No matter what each party should always have money that belongs to only them. It is not odd to split up the bills that way, or to even have seperate accounts. That is how my parents did it and that is how my husband and I do it. It is great. Especially if every once in a while one or the other needs help with something. It is always nice to know that you're both there for eachother.

Answer 4

i know only 1 couple that does it the way you are discribing..and it does work for them... of course they are older... in 50's.... but I also know a few who kinda do it that way.. strange to me... but what ever works.... I also know a few who have tried it and it was a disaster.... and some i found out wanted that way to cover up a few unseemly things... NOT that your hubby is doing that... but I think the 2 of you need to talk more about the other ways to save money... like each of you taking a certain amount and putting it into a savings that can NOT be touched.... just a suggestion there....... and maybe writing down all the blls together and paying them together... make a bill paying date each month.... again just a suggestion....... God bless

Answer 5

I think it is a good idea as long as the both of you pay the bill or bills you say your going to pay,and not put them off on the other person.

Answer 6

I for one have never used this method, but I have heard of other couples that have. I would go ahead and try it and see how it works, but if it comes down to one paying more then the other, then I would question the motives of it.

Answer 7

girl always keep a secret account as a nest egg

not that your marriage is in trouble but what if something happens and you have to become the head

you guys will have a cushion to fall on

Answer 8

my husband and I have always had separate accounts. It seems to squelch arguments. My problem is that he makes twice as much as I . shouldn't he pay a higher percentage?