Re: Joint or separate accounts?

Oostende · ‎03-14-2010

On 2/21/2015 Ford1224 said:
On 2/21/2015 Oostende said:
When we married, we were 22 and 26.

Everything we have, we earned together. We have shared our lives, our children, our pain, our joy, and everything else that has come our way.

When we married, we always saw ourselves joining something bigger than either of us individually. Our marriage and our family enjoin our strengths together, to become a whole, that is greater than the sum of either of us individually.

We own everything jointly. Money is no exception. We are a team. We've been married 28 years and it works for us.

Did you ever work outside of the home?

Yes, ma'am.

And in response to seniorcitizen, I inferred nothing. The question explicitly asks why we chose separate or joint. I explained our thinking. Do what works for you.

SnowPink · ‎09-20-2014

For those of you with separate accounts, how do you decide who pays what? Does your spouse know how much money you have and vice versa?

Preds · ‎12-17-2012

On 2/21/2015 SnowPink said: For those of you with separate accounts, how do you decide who pays what? Does your spouse know how much money you have and vice versa?

None of your business ... or his! ${#emotions_dlg.devil2}$ ${#emotions_dlg.laugh}$

Fate whispers to her, "You cannot withstand the storm." She whispers back, "I am the storm."

minkbunny · ‎03-09-2010

On 2/21/2015 Preds said:
On 2/21/2015 SnowPink said: For those of you with separate accounts, how do you decide who pays what? Does your spouse know how much money you have and vice versa?

None of your business ... or his! ${#emotions_dlg.devil2}$ ${#emotions_dlg.laugh}$

${#emotions_dlg.laugh}$

brii · ‎06-20-2010

I'm not sure if he knows how much money I have.

minkbunny · ‎03-09-2010

Of course, it is none of your business mellie, but then what is? ${#emotions_dlg.laugh}$

We were each financially secure when we met and are more so now.

it's all good ${#emotions_dlg.wub}$

muttmom · ‎11-28-2012

On 2/21/2015 Oostende said:
On 2/21/2015 Ford1224 said:
On 2/21/2015 Oostende said:
When we married, we were 22 and 26.

Everything we have, we earned together. We have shared our lives, our children, our pain, our joy, and everything else that has come our way.

When we married, we always saw ourselves joining something bigger than either of us individually. Our marriage and our family enjoin our strengths together, to become a whole, that is greater than the sum of either of us individually.

We own everything jointly. Money is no exception. We are a team. We've been married 28 years and it works for us.

Did you ever work outside of the home?

Yes, ma'am.

And in response to seniorcitizen, I inferred nothing. The question explicitly asks why we chose separate or joint. I explained our thinking. Do what works for you.

I understood what you were saying and did not see anything that inferred a couple with separate accounts had a bad marriage.

AnikaBrodie · ‎03-10-2010

Joint. DH and I have been married for many years and have always had joint accounts. We have absolutely no reason to change at this point, having never had a problem with joint accounts. He knows my spending habits and I know his. Oh, and we trust each other which is a great feeling.

"Faith, Hope, Love; the greatest of these is Love." ~The Silver Fox~

seniorcitizen · ‎02-20-2015

On 2/21/2015 SnowPink said: For those of you with separate accounts, how do you decide who pays what? Does your spouse know how much money you have and vice versa?

We have joint savings and checking accounts where we each deposit a specific amount each month.He puts in more because he has a considerably higher income each month. That is used to pay all the household expenses. Before we retired I did all our household accounts but since he retired DH has been doing them. What money we have left after we do our household deposit is ours to spend as we see fit. I have my own cc and I pay it off in total each month. Back when we were working we each had our own car payment and each paid for our own expenses like gas and parking, lunches and purchases that were not for the home. Now we have decided we can get by fine with just one car so the expenses for it come out of the household account. Honestly, over the years we have been married our separate accounts have gotten smaller and smaller while more and more is joined together.

As for knowing what is in each other's accounts - we each have access to the other's accounts online. We know each other's passwords so there is nothing secret about this - just that when we got married we were 34 & 38 years old and already had established accounts in our own names, so we just continued that way.Our major savings is DH's IRA from his work and it is only able to be in his name with me as beneficiary - I never had an opportunity to have an IRA as when I was working I worked for a non profit and they didn't have them then. I had a traditional pension plan.