Married couples - joint bank account?

eBay llltttee
Feb 4 67 Comments

All you married people out there....do u guys have a joint bank account? If not, how do u guys manage the expenses?

comments

Want to comment? LOG IN or SIGN UP
TOP 67 Comments
  • Microsoft bolton
    Shared account to cover ongoing household opex, individual accounts for everything else
    Feb 4 3
    • Silicon Laboratories / Mgmt
      GenieAss

      Silicon Laboratories Mgmt

      PRE
      Cadence
      GenieAssmore
      This is what we do. It works well.
      Feb 4
    • Bayer ndmz64
      +1 ... contribute 50% to joint account, rest to individual accounts.
      Feb 4
    • Facebook pndubs
      +1. This is what we do too.
      Feb 5
  • Oracle idempotent
    I’m actually surprised how many answers are stating separate accounts. I have been married for 10 years. We have always dumped everything into one account. Except stuff we cannot. Like 401k and IRA. Everything else is pooled together.
    Feb 4 4
    • You must be Indian/Asian.
      Feb 4
    • Oracle idempotent
      Nope.
      Feb 4
    • That's good. I thought joint accounts was more eastern world concept, and separate accounts was more western world concept. Guess I am wrong.
      Feb 4
    • Wipro
      JohnnyCa$h

      Wipro

      PRE
      Apple
      BIO
      Citizen and democrat
      JohnnyCa$hmore
      No. Asian/Indian culture is defined by who brings in more money and use their individual bank account to claim dominance in the marriage
      Feb 5
  • Wipro
    JohnnyCa$h

    Wipro

    PRE
    Apple
    BIO
    Citizen and democrat
    JohnnyCa$hmore
    In state of California, money belongs to wife and husband as community. In case of divorce money and assets are are split evenly.
    There’s is no his money or her money.
    Feb 4 5
    • Wipro
      JohnnyCa$h

      Wipro

      PRE
      Apple
      BIO
      Citizen and democrat
      JohnnyCa$hmore
      Having separate accounts, only keeps your spouse off the account until she get the court ruling Incase of domestic issues.
      Feb 4
    • Microsoft / Eng wave 🏄‍♂️
      Unless you were smart enough to get a prenup.
      Feb 4
    • Wipro
      JohnnyCa$h

      Wipro

      PRE
      Apple
      BIO
      Citizen and democrat
      JohnnyCa$hmore
      It’s bad move for prenup. However, all the assets earned after marriage are equally split no matter who brings in to the family.
      Feb 4
    • Microsoft / Eng wave 🏄‍♂️
      Well-written prenups can successfully override community property laws (including the “all assets earned after marriage” bit). No prenup = stupid, if you are the higher income potential spouse; brilliant if you are the lower income spouse.
      Feb 4
    • Microsoft HtIB24
      Prenup is a must have, and if your partner complains about it, they are already planning something.
      Feb 5
  • Capital One / Other debrew
    All accounts are shared because we are grownups.
    Feb 4 2
    • Microsoft HtIB24
      Shitty flex, but ok.
      Feb 5
    • Facebook pndubs
      What does one have to do with the other?
      Feb 5
  • Google trolDtrols
    Me and my wife NEVER fight about money.
    That's because I pay for everything.
    Feb 4 0
  • Synchrony Nebula99
    Asian here. Can’t relate.
    Feb 4 1
  • Micro Focus / Product GWOz11
    Joint for us. Has worked great. We talk about personal splurges but no issues...yet.
    Feb 4 1
    • Microsoft / Eng wave 🏄‍♂️
      It works great until it doesn’t. Like driving without seatbelts or airbags. It’s not bad until shit happens.
      Feb 4
  • Nutanix saySomethi
    Joint account. Spouse stays home with kids. We are both responsible in spending, and discuss larger purchases (over a couple hundred dollars). Basicly, just be responsible adults!
    Feb 4 0
  • Microsoft BarFoo
    A joint account for common bills (mortgage, food, gas, utilities, kids), and individual accounts for whatever we want.
    Feb 4 2
    • How do you contribute to that joint account?
      Feb 4
    • Microsoft BarFoo
      Both of our incomes contribute to the joint account. Direct deposit. A fixed $$$ amount goes into each of our individual accounts.
      Feb 4
  • ServiceNow lilcheeto2
    Married for 15+ years and everything is together. I don’t understand why you’d want separate accounts. We sit and talk about expenses and come to an agreement before large purchases. My husband is very frugal and manages all the money for us. I buy what I want and he buys what he wants — I guess we trust that we aren’t going to f’ ourselves.
    Feb 6 4
    • Square / Eng SQ
      Separate accounts brings less scrutiny in large purchases that you want to do for yourself. You two talk about it, what if one of you isn't on board or judges the other?
      Feb 7
    • ServiceNow lilcheeto2
      That is what marriage is about. Having a conversation and making the decision together. It’s no longer “you” or “I”, it’s all about “us”. I think that most marriages fail because there are some people that shouldn’t be married.
      Feb 10
    • Square / Eng SQ
      Question: do you have a discussion each time you need to go to the bathroom? Each time you put on clothes? If not, why?

      How is that any different from having some small finances where you don't consult each other on every single purchase? A large part of the marriage is still having some time for yourself. A $6 book. A $15 salad. And sometimes you just don't want to have a conversation over something small or feel like you don't have any freedom.
      Feb 10
    • ServiceNow lilcheeto2
      For me, I have all the freedom in my marriage since we both 100% trust each other’s judgment. If you’re in a marriage where your spouse questions small purchases like a book or a salad, that seems highly controlling and odd. I can’t even imagine having a conversation, “why did you spend $6.87 at Taco Bell?” 🤣
      Feb 10
  • Apple DTH
    (From rent till shopping) my spouse takes care of all the expenses
    Feb 4 4
    • Amadeus Trick2g
      What is your contribution?
      Feb 4
    • Pinterest EGAX80
      Are you Asian? No offense
      Feb 4
    • Google rLko50
      How do couples share expenses? Often I have to pay 90% of our expenses. I make 80% and spouse makes 20% of family income
      Feb 4
    • I would love to have this setup, where I trust my spouse and is responsible enough to handle all of our money.
      Feb 4
  • We manage our finances separately...It works for us.
    Feb 4 4
    • eBay llltttee
      OP
      Who pays the rent/mortgage? Who pays the bills?
      Feb 4
    • We take turns paying the rent and split bills
      Feb 4
    • Airbnb / Eng Jxjdukskjs
      How do you decide on big expenses like vacation or kitchen remodel that “benefit” both people but only one wants it so only that one pays? Does it cause that person to feel it was an unfair burden?
      Feb 4
    • Juniper aalexx
      Big expenses are split if both agree on it. If person A wants something but the person B doesn't, then person A foots the bill. that way person B isn't resentful about it and person A can still have what they want. If person A isn't willing to put up the money on their own then they didn't want it that bad
      Feb 15
  • This comment was deleted by original commenter.

    • Wipro
      JohnnyCa$h

      Wipro

      PRE
      Apple
      BIO
      Citizen and democrat
      JohnnyCa$hmore
      Absolutely, does not make sense in getting married.
      My real estate guy said,
      “in Bay Area Indian couples share same tooth brush and bed but not bank accounts.”
      Feb 4
    • Microsoft HtIB24
      >share toothbrushes
      I mean...why?
      Feb 5
  • Walmart.com / IT
    meow_

    Walmart.com IT

    PRE
    Microsoft
    meow_more
    Joint bank account.. The worst shit ever..
    No offence
    Feb 4 2
    • eBay llltttee
      OP
      Why is that ?
      Feb 4
    • Walmart.com / IT
      meow_

      Walmart.com IT

      PRE
      Microsoft
      meow_more
      U will understand when shit happens.. 80% of the time it works just work fine
      Feb 4
  • PayPal hot4heels
    Everything is joint. We are a partnership. We are responsible adults. Amazing how easy it is.
    Feb 7 0
  • Juniper dreagontea
    Married but we keep it separate. We split bills and anything else that is for the both of us. I like my independence and so does he. If I spend money on him it's because I want to ..and vice versa. We still take each other on dates and buy each other things. We don't decide for each other we can or cannot.spend money on. If there's something we want then we get it ourselves.We also have a contingency plan in case everything goes south or if something bad happens to one of us. Not that we're expecting it to but it's good to be prepared. We are able to live like this since we are not planning to have children so it works. I say do whatever is the best for your relationship and what is fair to you both.
    Feb 9 0
  • Oracle idempotent
    Like the post above. “Be responsible adults”. That send to work.
    Feb 4 0
  • Square / Eng SQ
    3 accounts: one for joint bills, one for joint travel/food, and one for ourselves.
    Feb 4 2
    • Microsoft BarFoo
      Why is joint travel/food separate from joint bills, since they’re still joint expenses? Or is hat just like a “vacation fund”, which you keep separate from main funds?
      Feb 4
    • Square / Eng SQ
      Yep exactly, more of a vacation/date fund. Joint bills being kept to only bills helps us know how much to put in the account for mortgage, property taxes, etc.
      Feb 4
  • Aon Hewitt winter 123
    My accounting friend does it this way, they put a percentage of their income in a joint account for all the joint stuff. The rest goes in their separate accounts for anything they want to spend on. It works perfectly
    Feb 5 1
    • Cerner / Data Kil*p*
      That is a good compromise
      Feb 5
  • New XvPW28
    Separate accounts. I manage the finances for big ticket items. Everything already assigned to one or the other and now it’s easy to request reimbursement for split items using requests electronically.
    Feb 15 0
  • Amazon
    betterfly

    Amazon

    PRE
    Amazon
    betterflymore
    Yes why not at the end even legally you share everything you have
    Feb 10 0
  • Erickson Living / Other ✌️
    Joint accounts for house, family and travel. We both have our own personal accounts so the other person doesn’t complain about buying crap.
    Feb 7 0
  • Facebook pndubs
    We have a joint account for shared household expenses that we contribute to proportionally based on income, and separate accounts for everything else.
    Feb 5 0
  • eBay julius’
    Depends on TC of both of you. Mostly we both put 40% of my savings in the joint account
    Feb 4 0
  • Intel LvOT55
    Yes
    Feb 4 0
  • Cerner / Data Kil*p*
    It is a definite no. We sat down and decided what each would take care of
    Feb 4 0
  • Tektronix / Sales
    BlueBerd

    Tektronix Sales

    PRE
    Oracle
    BlueBerdmore
    Married. Separate accounts. We divide up the bills and pitch in on big purchases together. Have been married for nearly 15 years. We tried the joint bank account thing at the start but it wasn't for us. Do what works best for both of you.
    Feb 4 0
  • OpenTable Meliodas
    Joint accounts on everything, but the individual retirement accounts.
    Feb 4 0
  • New nMxI01
    We have a joint account that we put our direct deposits into. We have separate accounts (bank and credit cards) for our own personal things that we will pull from our joint account. All bills are paid for through the joint account.
    Feb 4 0
  • LinkedIn binary18👀
    The best strategy is to have individual accounts which gives you an option to expense from only 1 account and save the other one. If the expenses are more then you can either transfer some from the other account to your expense one.
    OR
    Open a new expense account and put money into that from your individual accounts.
    Feb 4 0
  • Pinterest EGAX80
    I’m so interested in this topic. :D
    Feb 4 0