joint or seperate checking account

Your grasping at straws..please stop...you've made your point on how you feel about a marriage and a joint account. I'm sure everyone has figured out how to save and spend their money. Honestly unless you can truly provide empirical data to support your stance your just blowing hot air. Can you leave your personal feelings out at this point

 

I thought he brought up a good point. And I think I gave him a good answer.

The OP has not figured it out, and I am sure there are others like him looking for ideas that suit their needs. These issues are always new to somebody who is confronting them for the first time.

Oh, and where is your empirical data that your opinion is more correcterer?

 

The OP hasn't been back to chime in as he's probably laughing his ass off on how polarizing this topic has got...lol...

You did give a good answer, but if you read back you can gather the tone on how strong mr salty truly feels about this topic to which I find interesting as he really feels strong in the correlation of a relationship based on the decision on how you bank your money.

I never said my choice of how I bank my money was more correct, I have given examples from experience where it having separate accounts has made it easier should a divorce or breakup occur, but I never stated my position as being more correct. Nor have I personally challenged those who make the decision to join all accounts, if I have please correct me, or go back an retread my previous posts. In 11 pages of this thread mr salty has on several occasions attacked peoples personal decision to maintain a separate account while married as a lack of true commitment to a relationship to which I disagree with. His continued subtle attack on those who state they maintain a separate account, I find offensive. Maybe it's time for me to move on from this thread...

From what I can gather though it seems have a joint account for common bills while maintaining a separate account seems to be the more popular thread....maybe a poll is in order if the OP wants to base his decision off that.

 

I've been looking at this thread a couple times a day since I started it and just taking in all the information. Even the difference in short bed and long bed(shouldn't have even typed that as I'm sure it will flare back up) LOL.

We do have multiple credit cards a piece and are trying to get those paid down but its hard to stay motivated when you don't see much balance difference every month. IF we didn't have credit cards we would have an extra about $500 a month in our pocket or savings. When we get paid I always say I'm going to transfer money from checking to savings but never do. Should I just set up something with my HR dept at work and have them withdraw $20 every two weeks out of my check? I do get overtime about every week to help make it. Thanks for all the responses so far

 

This ^^^^^

QFT.

But it really depends on the personalities and strengths/weaknesses of you both.

Personally, married 29 yrs one account.

When I did my one year remote tour I had a separate account.

 

DCLBFTMFW.

 

Joint checking and savings that all of our money goes into. All bills paid with the checking, 10% to savings every month, and $100 to our personal accounts every month for spending cash.


If I see her buying $6 Starbucks coffees every morning on the statement then I would get pissed, so we each get a little money every month to do as we please. She would be pissed seeing $100 withdrawn at the strip club.

 

In your situation, I would make some big sacrifices to get those credit accounts paid off. Even if it means having $0 extra and not adding to your savings for a few months, it is worth it. There's always a luxury you can go without. To pay my student loans off, we are paying $1300 a month on them, all the money we bring home outside of bills and other necessities. It sucks now, but they will be paid off in January, then we have that $1300 to do what we want with every month (mostly build up savings for a while). If you have high balances on those cards and are making small payments, it is a losing battle, you can't keep up with the interest. Get those paid off ASAP and try to find some lower interest cards to use only in emergencies. When buying big ticket items, find a store that will do a no interest period and get it paid off during that period.

 

This thread has become TLDR (Too Long, Didn't Read).

I think this all depends on the personalities of the people in the relationship.

We have joint accounts. We both have cards and access to every account whether credit, checking or savings.

Have we had our arguments about money? Yes.
Has it hampered my ability to buy stuff for my truck? Yes.
Do I really need those things? No.
Am I willing to lose my spouse over truck parts? No.

Opinions are like A-holes. Everyone has one.

Talk it over with your spouse and come to an agreement on how to handle that stuff. In the end, that's the only way that both of you are going to be happy. I know some people that have joint accounts and then set aside $40 a week each. Then go nuts with whatever they want to buy at the end of the year. Is that how I do it? No. But it works for them.

 

I've been trying to tell my wife to lets try, after someone gets paid for the week, pay the bills for that particular week and then we need to go to the ATM and get out $20 a piece to live on for the week and thats all we have to spend. Need to get into routine I guess.

 

dcsbftmfwdc!

 

I have separate checking and savings, we both have the same bank and I just make transfers when needed. Women and math = fail.

 

sexes

 

Do you manage the money?

If so perhaps get you wife/partner more involved in the process of paying and saving so she can understand it more. Having the responsibility of managing the funds can often promote the process of saving. Instead of just one person looking at the money depleting or growing, both can witness this and respond appropriately. I found this worked real well with my wife and I it really helped us when discussing money matters.

 

dick cheese? I'm a bit slow today and that's all I could come up with.

Very. My lady is much smarter than I when it comes to money. But then again she is a published Astro- Physicist.

 

This is a forum where folks offer feedback, opinions and on occasion facts (mostly unsupported). I don't feel as though I'm attacking anyone and if this is how you feel perhaps I'm touching on something that hits home and brings back a negative experience in your life? Obviously I wouldn't want you to respond to this, but it’s maybe something to think about. The only reason I say this is because of the statement made above.

Again this is just my opinion, but when agreeing to spend the rest of your life with someone one should not be putting too much thought into where they will end up financially following a divorce. Should the factor of divorce and money weigh heavy on someone’s mind, maybe they are not ready to tie the knot.

I thought the tax return question was a good one. As we near the end of 2013 for those who have separate accounts I was interested in hearing how the money is split. Personally this is something I don’t even think about as return is minimal and if I do get anything back it goes right to the house (principle payment) and that’s that.

 

...douche canoe...

better start drinkin to get them brain juices flowin

 

FTFY. I started early today.

 

Bloody Mary with hot sauce and fresh ground pepper, couple green olives and a slice a celery to give it a stir periodically.... best morning drink ever.