Couples and money

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My wife and I have a shared account and she has a personal account, only because her works HR department is useless as shit and haven't changed her direct deposit to our joint account. I also have my business account, thankfully it makes enough money now to support itself and I don't have to keep funding my business.

When it comes to big purchases we ask each other if you can afford it then go buy it if we can. We had separate accounts when we were just living together before getting married and it was a pain in the ass to pay rent and bills but we weren't at the stage to get a joint account yet. Once we got married we started merging things. We still have separate credit cards though. That's more of a lazy thing then a trust thing.
 


My wife and I have a shared account and she has a personal account, only because her works HR department is useless as shit and haven't changed her direct deposit to our joint account.
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hahahahaha, hahahahahahaha, hahahahahahaha. Sorry, but have funnily enough heard that *exact* same excuse before.

Basically how this works is everything that's yours is classed as ours and everything that's hers is hers.
 
Priority_Mail90 said:
hahahahaha, hahahahahahaha, hahahahahahaha. Sorry, but have funnily enough heard that *exact* same excuse before.

Basically how this works is everything that's yours is classed as ours and everything that's hers is hers.
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Unlike you I actually trust my wife, and her HR department is useless. Last time they tried to change her direct deposit they sent a co-workers pay cheque to my wife's account.
 
You could just send me all the money you both make so money will never come between the two of you-JK...lol :)

Here's the REAL reply.......

Do you have compatible credit scores? Have you thought about credit scores? Once you join names on an account, the activity (overdraft, payment history) becomes part of BOTH credit histories and affects BOTH credit scores. Keep this in mind when deciding who's name the utilities are in, if you will share a credit card, etc.

Business account-VERY separate from everything else. Consider LLC if you have not done so already

Joint account-only for bills, rent, etc. and saving for something big you want to purchase together. Its sad, but plan for a split. IF you purchase together, consider if it can be cut in half w/a chain saw. If not, consider taking turns paying for something big. Pick what you would want to take with you if you split.

Individual accounts-you are not each others parent, so spend freely on what you want out of individual accounts and don't bail each other out when there is a screw up in finances. Spending lessons aren't learned by being rescued and once it begins, it is difficult to stop

Take turns paying for fun stuff out of individual accounts. Make sure you still take her on dates once she moves in!
 
crazyfish said:
Unlike you I actually trust my wife, and her HR department is useless. Last time they tried to change her direct deposit they sent a co-workers pay cheque to my wife's account.
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Oh I trust the new model just fine, she's awesome and part of that is zero silly demands. The old model, however, well, one bitten twice shy and all that bs.

Jan is on the money for the most part, if a little cynical (plan on a break up and think about that everytime you purchase something, yikes, account structure, though, is good!).
 
When my wife and I got married we were both about 25, so we were both starting out at the same financial level ( I was ahead, but we were similar). When we got married, we combined all of our stuff right away. Now, 6 years later I bring in all the money since she takes care of the kids, but she handles the daily finances. Any big decisions are made by both of us.

Also, she runs the books for all of my companies, so its pretty much an open book between us.

I do have friends now who are in their 30's and getting married. Since they already have established carrers, they are going to stick with seperate accounts.

The best thing to do is sit down and talk through everything. Its best that both of you know where the other stands on these issues.

I hope this helps.
 
I've been marries over 20 years. Everything is joint, both names on everything, we are both responsible and dicsus major purchases in advance. Never have had a single problem.

Times and people are changing and things seem more temporary than they used to though.
 
I've been married or living with the same girl for 15 years. Accounting bores the shit out of me, she handles all the finances. If I want money she gives it to me (although usually I just charge it). The only time I need cash is if I am going to strip clubs or a bachelor party - she forks it over when I ask.

Everyone is different. If you suck with money, your partner is good, and you have 100% trust, then merge it all - it works for me.

If you don't have 100% trust then you might want to rethink your situation. But if one or both of you suck with money, then you'll want to work out a solution to the money issue.
 
Karnul said:
Everyone is different. If you suck with money, your partner is good, and you have 100% trust, then merge it all - it works for me.

If you don't have 100% trust then you might want to rethink your situation. But if one or both of you suck with money, then you'll want to work out a solution to the money issue.
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I'd add an error margin and trust 110% first!
 
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