for those that are either engaged or married, i like your opinion on having seperate accounts? how has that been wkg for the two of you if you do? do u pay one of the spouse the half of the bill when it comes in? did it create more problems or help solved your money problems? any advice?
2007-07-13 07:00:05 · 18 answers · asked by Shrimpboat 3 in Family & Relationships ➔ Marriage & Divorce
We have separate accounts. His is for the bills, mine is for household and fun. I transfer a % of my paycheck to his account and he pays the bills. We each have access to the other's account.
2007-07-13 07:24:08 · answer #1 · answered by pinniethewooh 6 · 1⤊ 0⤋
We have a joint checking account that is used for paying bills. My pay and his pay goes into it, bills are paid that day and then the rest is moved to a savings account that is in my name only, THAT DAY. We both have cash for personal spending but don't carry large amounts. He doesn't have a debit card to access the checking account and all he can do is cash and deposit his check because I move the money out immediately. Now maybe I sound like a control freak, but when I married him he was clean and sober from alcohol and crack cocaine for 5 years and we've been married for five and with any addict you know they could always relapse and if that ever happens I don't want assets to be at stake and I want to know that the mortgage and utilities and food will be paid for. That is why the house is in my name only, and he doesn't have the title to any of our vehicles. Better safe than sorry. Everyone has to do what works best for them individually. We both have an income and he is an addict so we do it this way.
2016-05-17 04:17:17 · answer #2 · answered by ? 3 · 0⤊ 0⤋
We got married 11 years ago and joined our accounts. I brought the majority of the debt into the marriage but made more than her.
We fought constantly about the account. We agreed on a spending limit that we could each live with. I balanced the account and all I asked for was that she tell me how much she spent and when. I didn't even need to know to whom the money went.
She was consistently forgetting purchases and losing receipts. Every month there would be anywhere from $50-$400 in missing receipts and the account was all f-ed up every month.
When I asked her to let me know what she was spending I was accused of being controlling.
We separated our accounts and don't have those fights anymore.
I don't think it's right though. It has distanced us.
2007-07-13 07:33:19 · answer #3 · answered by Toolman 3 · 1⤊ 0⤋
Three accounts, all money goes into the joint account. From there all bills are paid out, savings and IRA's are made from this account, then any surplus is given as an allowance or "mad money" evenly divided to a his and her account. Out of those accounts each partner can do whatever he or she wants with that money. This will help reduce fights over what each might consider a waste of money. I think this is the best way to handle money. Whatever you do you both need to agree on a system beforehand.
2007-07-13 07:22:37 · answer #4 · answered by mktmonitor 6 · 0⤊ 0⤋
We didn't have joint accounts until we were married, even though we had live together for several months before that. Before, we would split all the bills & rent, I'd write all the checks, then he'd write me a check for 1/2. Once we got married, the first business day back from our honeymoon, we went to the bank & did a joint account. Seemed silly to be married & still living like roomates.
2007-07-13 18:30:12 · answer #5 · answered by layla983 5 · 0⤊ 0⤋
Having separate accounts teaches individual responsibility and each knows where they stand. I had a joint account when first married and it was always overdrawn even though I never wrote a check myself. Finally went to seperate accounts so when I had to pay insurance, or taxes, or utilities the money would be there. Wife just never seemed to be able to grasp financial reality.
2007-07-13 07:41:28 · answer #6 · answered by acmeraven 7 · 0⤊ 0⤋
I just got married two months ago and my husband and I still haven't integrated our accounts. We just work different schedules and we keep saying we are going to do it. We don't want our finances to be separate. But since they are for right now, what we do is since I get paid only once per month and I make more money than he does, we pay all the bills out of my account and we use his pay (which is a nice amount, just not as much as mine) for other expenses (i.e. car repair, clothes, play money). It just works out that way. And no one is "responsible" for any one particular bills. Our bills are "our" bills.
2007-07-13 07:08:19 · answer #7 · answered by Brandy 6 · 1⤊ 1⤋
My husband and I have seperate accounts, and it's been that way for the past 7 years. He pay's for the mortage, ins, and electric and I pay water, cable and food! We've tried to have a joint accoount, but I like to shop too much so to avoid the you spent the bill money on that new purse fight we decided it's best that we have seperate!
2007-07-13 07:30:06 · answer #8 · answered by Tabatha M 2 · 1⤊ 0⤋
We have joint accounts. Nothing is separate for us. All the money that comes in is put into one account. We pay the bills, save a little, buy groceries/necessities, then whatever is left over we split equally with each other for allowance. Works great for us. We have a budget that we agree to and we both keep to it.
2007-07-13 07:09:07 · answer #9 · answered by Poppet 7 · 1⤊ 1⤋
When married, have ONE joint account that everything coming into goes in, and all bills are paid out of. That way, it doesn't matter how much each of you is bringing in - it's all OUR money, together. That's the mature way to deal with things.
2007-07-13 10:17:43 · answer #10 · answered by Lydia 7 · 0⤊ 0⤋