Community Chat

[winamac1]

On 2/21/2015 FUTURE said: 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.

[Gooday]

Joint. We only have a checking account, a small amount in his credit union. My name is on my dad's account as well as the title of his car.

[Plaid Pants]

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?

Writing a term paper? Is asking survey questions a part of the assignment?

[Mominohio]

Both.

Joint account where all money goes for all household expenses etc.

He has a separate account just for ebay purchases and sales, as he likes to dabble there, and I don't want pay pal in my regular accounts.

I have a separate checking account that gets funded just for property taxes. I find it easier to save for that if I have a separate account just for that. He wasn't available the day I opened it, so I just put it in my name only.

Our separate accounts never have much money in them, and are marked for one special thing.

[croemer]

Whats his is mine...whats mine is mine.

[september]

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 never sat down and decided exactly who pays for what, but we use the joint account for the house, utilities, insurance...other shared expenses.

We use our own money for our own clothing, gifts for our friends, different charities that we each like.

And for those of us who file a joint tax return....yes of course we know what the other has when we go over the year's end financials.

I believe there are some spouses who file as individuals....but I think it's rare because it costs more to do so.

[VanSleepy]

Are you getting married and looking for guidance from the "happily ever afters"? Joint checking for household expenses, separate checking for each person's idea of fun, joint savings for your children's braces, cars, tuition, weddings. Then maybe there's something left for your retirement!

[september]

VanSleepy, since you mentioned kids, ours are grown, but I forgot to mention that the joint account also covered all of their expenses. But I often used my personal account to give them extra special birthday or Christmas gifts! Because I wanted to....

[VanSleepy]

On 2/21/2015 september said:

VanSleepy, since you mentioned kids, ours are grown, but I forgot to mention that the joint account also covered all of their expenses. But I often used my personal account to give them extra special birthday or Christmas gifts! Because I wanted to....

LOL exactly. I could "think" I'm totally done Christmas shopping, but still going out 10 more times in the snow for the kids - who are also grown - youngest 21.

[sylviahomeatlast]

each separate and joint accounts, two of which only I use.