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For the married folks: How do you all manage bank accounts?

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Posted

I'm glad this question was asked. The fiancee and I have been discussing this recently. We have a joint savings account already but are discussing what to do with checking. She wants to combine them and I'd like to keep them separate. I guess my only reason is so that we keep our discretionary spending on one another separate (meaning gifts). For those of you with joint checking accounts, how do you keep birthday gifts, etc a secret? Separate credit cards?

Yeap. We have our own credit cards for stuff like eating out with coworkers, car maintenance, etc. And we have a joint credit card for groceries and home goods. I'd buy something for her and she'd have no clue.

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Posted

I'm glad this question was asked. The fiancee and I have been discussing this recently. We have a joint savings account already but are discussing what to do with checking. She wants to combine them and I'd like to keep them separate. I guess my only reason is so that we keep our discretionary spending on one another separate (meaning gifts). For those of you with joint checking accounts, how do you keep birthday gifts, etc a secret? Separate credit cards?

Yeap. We have our own credit cards for stuff like eating out with coworkers, car maintenance, etc. And we have a joint credit card for groceries and home goods. I'd buy something for her and she'd have no clue.

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Posted

My wife and i had a lot of fri tion initally on the seperate accounts. She thought they should be join also. Mostly what changed was she went back to school so it was all my money for a few years. And then when she got out o school and got a decent job she very much wanted to feel like she has "her" money.

Its all gravy now

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Posted

Separate accounts, one joint for bill paying. I transfer $ into that account and she pays the bills. What's left is mine (not very much :( )

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Posted

both. we kept the credit unions we both had (different ones) so we each have money deposited into different accounts, but credit cards run through the same place.

she pays the bills, i'm paying off the house. we're pretty focused so there really isn't much leeway as far as one of us spending more on random poo, so it works pretty well.

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Posted

I have been pretty curious about this as well.

She makes far less than I do, but it's more reliable. Not really sure how we are going to handle this.

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Posted

It's easier to have separate accounts in my opinion. She can do what she wants with her money. I give my wife money every time I get my commission check. It all works out. Each couple has to decide what's best for them.

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Posted

I have been pretty curious about this as well.

She makes far less than I do, but it's more reliable. Not really sure how we are going to handle this.

My husband makes way more than I do...I pay for my car, the water bill, half the mortgage and my credit cards..he pays the rest. Like I said in my other post..we keep it separate but once a month he transfers me a lump amount of money and I pay the bills out of my account. I have my money, he has his....I will say, he usually always pays when we go out..lunches, dinner..bar tabs...all that...I pay for most of the groceries...you'll figure it out..it's not that difficult..do you split bills now?? If you do, why do you feel the need to join accounts because you said "I do"?

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Posted

My husband makes way more than I do...I pay for my car, the water bill, half the mortgage and my credit cards..he pays the rest. Like I said in my other post..we keep it separate but once a month he transfers me a lump amount of money and I pay the bills out of my account. I have my money, he has his....I will say, he usually always pays when we go out..lunches, dinner..bar tabs...all that...I pay for most of the groceries...you'll figure it out..it's not that difficult..do you split bills now?? If you do, why do you feel the need to join accounts because you said "I do"?

We don't live together, but have been dating for 7 years, going to get married soon.

Don't ask...weird deal, but it works for us.

My plan as of right now is to pay for everything, and have her added to my account, and put every dime that she makes into savings, stocks, and emergency funds.

I don't spend every dollar I make....and she is closer to zeroing out every month, but has gotten better with time, and pay raises.

Just a little confusing right now.

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Posted

We don't live together, but have been dating for 7 years, going to get married soon.

Don't ask...weird deal, but it works for us.

My plan as of right now is to pay for everything, and have her added to my account, and put every dime that she makes into savings, stocks, and emergency funds.

I don't spend every dollar I make....and she is closer to zeroing out every month, but has gotten better with time, and pay raises.

Just a little confusing right now.

Honestly, I would hate doing that only b/c it makes me feel like I would have to ask for money ....like I'm on an allowance and I would hate that...I like having my own money. My husband has no problems whatsoever giving me money..but I HATE asking for it..

What if he kept half of what she makes and other half goes in to savings??

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Posted

Honestly, I would hate doing that only b/c it makes me feel like I would have to ask for money ....like I'm on an allowance and I would hate that...I like having my own money. My husband has no problems whatsoever giving me money..but I HATE asking for it..

What if he kept half of what she makes and other half goes in to savings??

That may work...my job is so up and down, and I really want to put away a years worth of living expenses though.

She really does hate asking me for cash...drives me insane. Instead of asking for $$$ she will use her damn credit card. We may end of having to do that half deal that you talked about.

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Posted

everything is joint and I typically pay all the bills...alot of them are automated too though

if we actually had a budget or some accountability, we'd be way better off, but we typically spend what we make month to month with built in emergency cushion and safe savings/investments etc.

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