NRR - Married people, do you and your spouse keep separate financial accounts?

I don't think there is a "most people."

Some people are happier that way.

WTH?

That's crazy lol.

Never seen that

I would think most couples have a combination of separate and joint accounts. We have joint accounts for household expenses and things like tuition for the kids but separate accounts for personal, business expenses, and investments.

We both contribute a certain amount each month into joint accounts and we do want we want with the rest.

We have the ideal situation. I work. She stays home. I make the money. She spends it. It's not for everyone, however. #winning

The people my girlfriend works with are the same way...They all have separate accounts from their spouses.

They think it's weird that my girlfriend and I have one account for everything.

I can't imagine not having it that way.

Weird, Right? wrote:

The people my girlfriend works with are the same way...They all have separate accounts from their spouses.

They think it's weird that my girlfriend and I have one account for everything.

I can't imagine not having it that way.

You share an account with your girlfriend? I think that is very weird. I thought couples only had shared accounts once they were engaged or married. But just dating?

brogan1 wrote:

Weird, Right? wrote:

The people my girlfriend works with are the same way...They all have separate accounts from their spouses.

They think it's weird that my girlfriend and I have one account for everything.

I can't imagine not having it that way.

You share an account with your girlfriend? I think that is very weird. I thought couples only had shared accounts once they were engaged or married. But just dating?

That's just weird.

My wife and I have shared bank account and credit card. Dave Ramsey says all married couples should not have separate accounts. Definitely dont get combined accounts when youre dating either.

#nosecrets#nolife#perfect

We have a joint account where we put most of our money for all shared expenses and we each have a joint account for personal expenses that won't require permission or judgment form the other.

A dinner together would certainly come from the joint account unless it was someone taking the other out for a birthday.

Separate checks for a meal together is crazy.

I went to the bar to watch football, so that came out of my own account.

Most couples we know have a combination of joint and separate accounts. I pay some utilities, the wife pays others but I keep track since she can be forgetful. We have some joint accounts we both pay into, but separate accounts to do with as we wish. We're comfortable financially, so we don't worry as much about pooling our resources. For couples trying to stretch a dollar or stay on a tight budget, however, I don't know how they can do it with separate accounts.

Weird, Right? wrote:

The people my girlfriend works with are the same way...They all have separate accounts from their spouses.

They think it's weird that my girlfriend and I have one account for everything.

I can't imagine not having it that way.

This is a terrible decision. If you are not engaged or married then there is no reason to have a joint account with someone. What will you do if things don't work out?

Hi Flagpole! You start another financial thread, and respond with different names, all so you can "answer" as Flagpole and display your "genius" once again.

Nice try. We're on to you. #flagpolepostsundermanynames

You are right. That's a formula for heartache. Only a matter of time till one cleans the other out. Seen it dozens of times.

Bank accounts are the shared.

Money market is in her name.

Investments are in my name

We each have a shared and personal credit card.

One car in each of our names

House in both.

Investment property in both.

Mainly everything that is seen as ours.

Luckily I married a person that shares my values when it comes to money. We rarely disagree on financial matters so we have one bank account. I can see how having two would be a way to avoid discussing one another's spending, especially if one person is a wreak when it comes to handling money.

I don't think there's really a right or wrong way to go about it, as long as the two of you pay your bills, save for retirement, etc..

My wife and I discussed this and tried to decide what we thought would be the most fair for both of us down the road.

All paychecks get deposited into a single joint bank account, but I track our funds seperately and designate 5% of each paycheck to go into a "personal account".

This personal account is what pays for things like new clothes, coffee, race fees, going out for drinks with your buddies etc...

Virtually everything else comes out of the joint account: Utilities, gas, groceries, going out to eat, joint activities, etc...

I've never heard of couples splitting up everything.

We both have separate bank accounts. I pay the house payment, electric, and all insurance (excluding her medical). My wife pays everything else. I don't have a credit card, so I don't pay a bill. She has one (so she pays it). Both of our names are on everything (investments, retirement, etc).

If we gas up the vehicles, or go out to eat, or whatever, one of us just pays. Same for kid stuff, car maintenance, etc. It's not that we don't trust each other. It's just easier to keep track of one account each than it is to coordinate who spent what. Also, I don't want to have to justify every six pack of micro beer I buy; I'm sure she doesn't want to justify every pair of shoes she buys. It's win-win.

Weird, Right? wrote:

The people my girlfriend works with are the same way...They all have separate accounts from their spouses.

They think it's weird that my girlfriend and I have one account for everything.

I can't imagine not having it that way.

You should NOT be sharing an account with a girlfriend. That's for married people. Has nothing to do with morality...just has to do with laws. She isn't entitled to your money, and you aren't entitled to hers. One of you will be screwed royally if you break up.

Flagpole detector wrote:

Hi Flagpole! You start another financial thread, and respond with different names, all so you can "answer" as Flagpole and display your "genius" once again.

Nice try. We're on to you. #flagpolepostsundermanynames

Not true.

WEJO, DO AN IP CHECK, AND IF I POSTED IN THIS THREAD AS ANYONE OTHER THAN "FLAGPOLE" BAN ME FOR LIFE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!