All you married people out there....do u guys have a joint bank account? If not, how do u guys manage the expenses?
TOP 67 Comments
- Microsoft boltonShared account to cover ongoing household opex, individual accounts for everything else
- 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.
- 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.
- Micro Focus / Product GWOz11Joint for us. Has worked great. We talk about personal splurges but no issues...yet.
- A joint account for common bills (mortgage, food, gas, utilities, kids), and individual accounts for whatever we want.
- 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.
- 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 0
- 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 0
- Juniper aalexxBig 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 badFeb 15 0
This comment was deleted by original commenter.
- Juniper dreagonteaMarried 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.
- 3 accounts: one for joint bills, one for joint travel/food, and one for ourselves.
- Aon Hewitt winter 123My 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
- 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.
Open a new expense account and put money into that from your individual accounts.