do you an you husband have joint bank accounts or his and hers?

Question

my soon to be husband wants his, mine, and ours(household bills) and i want to just pool all our money.what do other married couples do?

Answer 1

We have his, hers and ours. It works for us. That way when someone buys a present for the other, it can really be with their own money.

I've also had it when everything was together which is fine, but then you always have to ask about whether you have enough money to make a big purchase and coordinate that.

Answer 2

Our setup:

Joint account, that we both put an equal percentage of our paychecks into, for bills and household expenses. Large expenses are discussed and usually paid for from this account.

Separate mortgage account, that we both put an equal percentage of our paychecks into, so that we are never short on the mortgage!

Joint savings - I contribute to this more than he does.

Whatever's left in our paychecks after the joint accounts are paid gets deposited into our own personal accounts. These are the ones we use to gas up our cars, our spending money for the week, etc. It's nice because if he decides he wants to get some new computer games, or if I want to go and get some scrapbooking stuff, it comes out of our personal accounts and there's no "What did you spend OUR money on THAT for?" arguments.

Answer 3

We have joint accounts everywhere. The only reason to have single accounts is if one has terrible credit and the other does not. And that is for credit cards. For banks it should be joint all the way unless one has a spending problem. Then the answer gets a bit more complicated.

Answer 4

sorry I'm not married but I had to respond. I heard that the best way is to keep some money on the side for yourself in a private account (buy a cute pair of shoes and he will never know! LOL! Get a joint account and also get a savings account.

Answer 5

For me,we do have a joint account,but i never knew if there's any money in there.For the bills,my husband take care of it every single month.I will just ask him money whenever i need something.I think that money should be handle by someone that can maintain it the best.I'm not good in money and would spend it anyway i want.So the best is, i let my husband handle it.

Answer 6

We have a joint checking account because I do all of the bills. Recently I thought about opening my husband his own account with his allowance so that he stops using the dang debit card.

Answer 7

Sounds fine until you run into unexpected things-

if "his" income is say 5 times what yours is, will he feel free to lavish the new car on himself every year, while you drive the 12 year old clunker??

If the "hers" acct is 5 times smaller than "his" because you earn less, will you resent asking him for money to go to the dentist?

What if "he" is inclined to partner with a crooked business partner and you are concerned for joint tax liabilities but he screams at you "IT'S MY MONEY, I'LL DO WHAT I WANT"?

His and hers arrangements split the assets before the divorce is on paper yet. It caused MINE.

Unless your earnings are very similar, and neither one is ever laid off, you'll soon find out that separate is not equal.

Answer 8

My husband and I have our own savings and checking acct as well as one joint acct we both put money into. The joint acct is used for paying off the mortgage, household bills as well as other bills in both our names that need to be paid. Our separate accts are used for our own personal spending and my husband and I agreed to this prior to getting married because we both want to have emergency money.

Answer 9

Joint

Answer 10

We have both our paychecks direct deposited into one account. Once the bills are paid I take a certain amount of money and put it in my savings acount and he takes some to put in his. We both had our own savings accounts before we got married. We also have our own portfolios (stocks) but ultimately in our state those probebly would end up being community property. We have been married for 14 yrs and this has worked for us. Good luck. It helps if both of you are savers instead of spenders!

Answer 11

I have a checking account. My husband was not with me the day I opened it and I have tried to get him to go with me to get his name added, after 10 years of marriage, but he says he could care less if he has a check book. I just always keep cash in my wallet and he just goes in and he gets what he needs when he leaves for work in the mornings. I still want his name on the account just in case something happens to me and he needs in the account. What do I do with him??