Do you think that a married couple should have 100% separate money, meaning splitting all bills and costs etc?

Answer 1

NO. Do you know what a married couple is? You shouldn't even think about splitting anything. A married couple is when you bring you're lives together, because you love and trust each other.

If you're thinking of splitting money, that is saying that you're not trusting something about each other and that will eventually become a problem.

Answer 2

I think you each need to have your own spending money, that the other person has no say in how you spend.
Here's what I've found works pretty well. You have a joint account where both your checks are deposited. You pay all the household bills from that account and divide what's left and have it put into separate accounts. Maybe you keep a credit card that your hubby doesn't agree with, so you just have to make that payment out of your share. You split the grocery bill in half, you put gas in your own vehicle, etc etc etc - but that left over money is yours to do whatever you want with. I think that makes people feel like they have a little more freedom. Heck, even if all that's left over after splitting the bills is $20 - just knowing that money is yours to blow at the mall or to save for a rainy day, well, that's a powerful feeling.
My significant other and I are looking to buy a house - we're going to start paying a percentage of the mortgage based on the percent that our income represents of the total. It works really well in situations where one person makes a considerable amount more than the other. In our case, it's just not feasible to split the mortgage payment in half.
You could even carry that logic to all the bills. SO - you make 1/3 of the total income, you pay 1/3 of the hosuehold bills. That way, you're each paying out the same percentage of your earnings to bills. Naturally, the person who makes the most money will have the most left over at the end of the month.
Three are really quite a few ways you can do this, it all depends on what's most comfortable for you. The key is to really make sure you've got some money that's all yours.

Answer 3

My aunt gave me some good advice a few years before i got married. She said to have joint account and pay bills from etc. BUT make sure you have a separate account that he doesn't know about. Not to hide it from him in that sense but just because you never know what is going to happen. It's like a rainy day account for the two of you but mostly for you. What happens if the wonderful guy starts abusing you and you have no money saved up to leave?

I agree join the accounts and the money and everything... thats what marriage is for. But don't be blind that things can change.

Answer 4

There is no separate money in a marriage. You are thinking in a non-marital way like a roommate. Your spouse isn't your roommate. You open one checking and savings account and your incomes both deposit. You work out a budget and after bills are paid, what you have left is your discretionary income. The two of your need to decide how to stay within the budget and not overspend. All decisions for the spending have to be made together.

Answer 5

No, and I can't think of a sound financial reason either, to split bills. Having separate accounts, butone joint account to pay bills is fine. This is a personal thing and serious talks need to happen. He could be using the money for other things...that's why they are separate.

Answer 6

I like to keep a separate bank account so that if I want to buy something I have my own money to buy it and don't need to use the house hold funds, we have our wages paid into our separate accounts, then the direct debits for bills come from there, we pay half each and as I earn a bit more than my fiance I pay 1 extra bill than he does. The we pool some of our money and that's household money for food, furniture, going out etc, what is left is mine to do with as I please. It usually ends up getting spent on him anyway lol...It works differently for each couple, but I like to have some money of my own on hand.

Answer 7

Thats where trust comes in.If u can't trust him or vice a verse a then u will both feel that u have to spilt everything in half. Most people who are married want to take care of each other.So they usually put their money together and pay bills. Or the one who makes the most pays more. Good luck

Answer 8

in many couples, the female makes extra advantageous than the guy so my feeling is that your mom's suggestion related to the guy being the bread winner is somewhat previous. it form of feels to be leftover from the time whilst adult males had the "actual" jobs and girls merely made somewhat from an element time interest on the element. I prefer to maintain funds separate. We save a joint relatives account that we each pay into for the fees and have an settlement on how lots we will pay into retirement and mark downs money owed. After that, we each have something of our salaries as extra money.

Answer 9

you give that up when you get married. its a partnership. have a joint and indiviual accounts thats acceptable. say a percentage goes for the household and the rest for personal acct. thats fair. just because a divorce is 50/50 doesn't mean an on going marriage is. how you gonna split the kid?

Answer 10

All of our money is pooled together and all the bills are paid from that. We also have joint savings, and credit accounts. To me that is just what married people do, and it's just easier that way.