Quote:
Originally Posted by Montecore
As I said, I don't really get the "separate accounts so my privacy wrt buying stuff is maintained" gestalt, but, as alluded to a bit earlier, the important thing is to marry someone that isn't a total lunatic about money, however that may happen to manifest.
Keeping it separate seems like potentially a lot more work (are you highlighting line items on your credit card bill and separating them into joint and personal expenses?), but merely the act of discussing this sort of thing and coming to a financial understanding that works for both parties is much less common than I thought as a yute, so here we are.
Quote:
Originally Posted by saw7988
Hi! Combined account is objectively better in every way if you're on the same page. If not, GOOD LUCK!!!
Separate accounts, joint accounts - all semantics. As others have said (and FB experienced) if someone is bad with money &/or wants to get shady, it can happen very easily.
Was married in my 30's both of us had established bank accounts which we kept (did add as signer/authorized person, which has happened exactly 0 times in almost 12 years).
Key is communication and also helps if you're on the same spectrum on money value and how you spend. Both of us tend to be non-spenders, but that is opening up a bit as we realize we're not 24 and dirt poor making $12K/year salary (yes, that happened and yes I'm old). We do discuss bigger ticket items (with one, I'll call minor hiccup - right after getting married I had the chance to watch my team in the Super Bowl, Bears in 07 SB vs. Indy...we discussed a ticket budget...which I doubled to get in the game. Fairly minor in the dollar amount, but then we didn't have as much as now....but she hasn't forgotten that one, and it comes up (in jest, mostly) a couple times/year).
We've also gone through income shifts over the years and have adjusted who pays what over time as it made sense. Only slight issue we've had in 12 years regarding finances is the fact that she doesn't lookup/log her transactions account and only periodically looks to see balance. Good thing she's not a spender...but again I knew that before saying I do so I'm not concerned.