not sure how do you guys support financially given both earn the same.
Put it all together , if she leaves she takes half no matter where you keep it :)
You don't.
Swiss bank! Shh, she doesn’t know
What’s yours is hers. What’s hers is hers.
Prenup
We've use a her/mine/ours three accounts for pretty much the whole marriage. Somewhere around 2/3 of each paycheck (at some points past, less) goes into a joint checking account for big joint expenses and the utilities. I pick up the other discretionary bills, before she went part time we kind of split them between us. For things like stock and my bonus, I usually put half into joint savings and half into my personal investment accounts. Our TC difference has varied a lot over time. Right now we're about 2:1 on salary and 3:1 on TC as she doesn't have other comp (health care.) Salary would be much closer if she was full time, probably will go back to that when the kids are older. There have been tjmes she's made more (when I was in grad school) or about the same (when I was at a startup with no bankable equity and she was FT) Only hard rule about rhe individual money is no debt other than the student loans we came into the marriage and big joint stuff, presently just the mortgage (we paid cash for the most recent car but weve had car loans in the past)
Great! Thanks. Did you open joint account in existing bank account? How do you support your parents?
For old dumb reasons, we have the joint account in one bank, and we have both our individual accounts in another. We opened the joint in what used to be WaMu (now Chase)because it was convenient and low fees back then. My parents have passed on, and my mom never needed support although she ran through a lot of money from (she'd inherited but had hoped to just hold tor my brothers and I) my grandparents in her last few years from medical bills. Her mom is mostly self supporting although we do pay her mortgage since she moved nearer. From my perspective family is family but purely practically we definitely get more than our money's worth not paying for a sitter or daycare on days my wife is working, and technically all three of us own het mom's condo. We're both US born and US culture kind of frowns on older adults "losing their independence" so there wasn't the kind of expectation of supporting any of our folks until her dad passed away in his 80s. Her mom was left pretty well taken care of financially but she was totally clueless about money. How you can (even in your 70s) not know how to use an ATM in the early 2010s is beyond me, but she I guess literally just always got cash from her husband. So there's a lot more time commitment than money.
We discuss any expenditure over $500. We have an agreed upon monthly budget through an app.
So if she spends 499.99 twice that’s cool ? Asking for a friend
Intent matters.
We combined all our money into one savings and one checking account. We have join investment accounts but separate retirement accounts (with access). We also have a join credit card where we charge 90% of our spending but each have our own credit cards as well. We discuss any single large purchases, likely over $300-$500.
We both have one account and all money is our joint money and all assets too.
Not by discussing it with strangers on Blind