should couple keep their money together or separate?

Answer 1

I think if you're married you should keep your funds together, but if you're just common-law then you should keep them separate. My best friend has been living common-law with her bf for 2 years, and they're breaking up and have no idea how to divide their money 'cuz they have a joint account. I hate to say having a separate account is like expecting the worst, but I'd much rather be safe than sorry and have to deal with all that mess.

Answer 2

I have been married for 3 yrs now, at first I was all about keeping separate accounts, at first it was OK, but now, with our son, and house payments, car payments. It's not such a good idea. I have no idea what he spends all his $$ on and I feel like I am stuck paying for most of the household things. So this week, we are going to the bank and getting one account. We will decide which of us is better at keeping track of the funds and go from there. A budget is the best thing to have. This way you will both know how much each of you need at the beginning of the month. You will also know if he / she has been using $$ for things other than house hold issues. On line banking helps because you can see all transactions. Good luck.

Answer 3

I think if a couple is married, it is a good idea to keep their money together - that way it's not about who paid for what - it's both of theirs money. I the couple is not married, the money should probably be kept separate so that if things end, it is easy to decide who's money is who's - especially since courts are not set up to handle a split of unmarried couples! Hope this helps!

Answer 4

Together. Small amount separate for "mad money". the key words here are;
Trust
Honesty
Love

You are now a "TEAM". Keeping accounts separate not only is stupid... but it may reflect a larger problem. As far as I'm concerned...... your question is very (very) scary! My wife and I would have never asked it (either now or when we got married).

Answer 5

They should pool most of their money together; however, it might be a good idea to set some money aside for themselves. They can use the money to buy themselves extra items that don't have anything to do with the household budget. These things can include daily cup of coffee from the coffee shop, lunch at work, or clothing/beauty/personal items.

A couple shouldn't have large amount of money stashed away from one another.

Answer 6

well, i think together...you know, the whole "what's yours is mine...thing" BUT, you can also have a separate account, not a runaway fund or anything, but just a little extra spending money....like, we have a joint account, but we also have separate accounts for little stuff, it doesn't have much in it, and really, if the other needs something we will give it out of "my" account or "his" account for whatever. I think a little independence is good, but you also have to be on the same page financially...

Answer 7

This is what we're struggling with right now, and we'll be married in 6 weeks.

Our pastor suggests we have joint checking accounts. He's afraid that with seperate accounts, it'll be a battle of his money and her money. He also mentioned a few things about how it would just be easier to walk away.

I was wanting seperate accounts. I'm kind of afraid of the responsibility.

Until now...

My fiance and I have been talking, and he finally said he wants joint checking accounts and would like it if I handled all the bills and accounting.

We're both keeping seperate checking accounts though.

It'll take some getting used to.

Answer 8

i think they should keep money separate, because it causes a lot of problems when money is in the picture, couples fight over money more than anything else, you should put the same amount in the bank for your bills

Answer 9

My bf and I have been living together for three years and have never have had our money together. He makes more than me and we divde the bills depending on our income. I pay for most of the bills and he pays for rent and a few bills. It works out to be the same percentage of our income and I love it!

Answer 10

Usually when you join in marriage it is a unity and what is his is hers and vice versa. In my case since I am the financially responcible one, I will be given the paycheck and pay set bills and the rest is his to do with, whatever he wants. Every relationship is different, you just need to aggree on what you are going to do before the marriage or else many problems will arise.