Community Chat

[songbird]

Separate. We've always had it that way. I like my independence. There are things I like to buy. I use my money for groceries. He uses his for maintenance of the house. I buy things I like to do, like clothes for myself. I work hard for my money. I buy for myself. It's works out great for use. It's a safety valve too. I'm not an idiot. My husband could take off with some 20 years old. Although I don't expect it to happen, it's nice to know I can take care of myself. I also have separate savings accounts too. The money I inherited from my mother is now earmarked for my son. My husband can't touch it. We each have our own stock and bond portfolios. We are each others beneficiaries but they remain separate.

[hckynut]

Separate. We spend money differently!

[hckynut]

sorry DP

[winamac1]

On 2/21/2015 SnowPink said:

Do you and your spouse have joint checking/savings accounts or separate? Please explain why.

Everything is joint. My money is his money. His money is my money. We both work. I make a bit more than my husband with bonus, but it's fairly equal.

[winamac1]

On 2/21/2015 minkbunny said:

Of course, it is none of your business mellie, but then what is?

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

it's all good

[winamac1]

On 2/21/2015 Lucky charm said:

Joint. Because I want to.

[winamac1]

On 2/21/2015 GoodStuff said:

All our accounts are joint. We're married, and we make money decisions for our joint life and joint household together. Always have. This has worked well for us for 39 years now, as we're always aware of what's happening with our money and share knowledge and responsibility for it. We meet with our financial advisors together, too. Joint accounts won't work if you don't trust each other, or if one of you is controlling, deceitful, secretive, or irresponsible. In which case you have bigger, broader problems than how you set up your financial accounts, anyhow. If you and your marriage partner can't trust one another with money, how can you trust one another with anything else?

ITA

If people get a divorce, it's joint anyway. In most states, they go after the whole amount and divide things. I don't see the need for separate accounts. I had one for awhile, and then I put everything together. DH and I have been married for 16 years. We were together before that. I don't see us splitting up, but if we did, everything would be divided anyway. I see no reason for separate accounts.

[blackhole99]

We have joint accounts because we are married 40 years and it's our money. Our banks will not allow either of us to withdraw or transfer to another bank more than 5 thousand dollars without the other persons signature, so no worries.

[FUTURE]

Joint. I handle all of the bills and finances. He just asks how much we have and I tell him, and when he wants to donate or buy something, I tell him if it's feasible. We each have "fun money" that we budget for and use at our discretion. We've been married a relatively short period of time compared to many posters (almost 5 years), but we haven't had one single fight about money. I think it's because we respect one another, are comfortable financially, and have the same goals for our future -- financial and otherwise -- so it makes it easy for us.

[kzeks]

Some joint, some seperate... Company joint with daughters..

:

One Attorney/Accountant who look over it all and knows

how much I pay for Breezies...