View Poll Results: Joint money or separate money?

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  • Joint Money

    144 79.12%
  • Separate money

    38 20.88%
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  1. #16
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    Re: Married Fanatics: Joint money or separate money?

    When we first got married, I didn't quite know how to handle this. All I knew was that I was much more knowledgeable about money and made about twice as much. Unfortunately, my wife was under the impression that I made $600,000,000 per month. Definitely caused some rifts.

    We sat down and made a spreadsheet, starting with our pay stubs and deducting the mortgage, utility bills, property taxes, insurance, made some assumptions on gas, food, and misc stuff like paper towels, car work, etc. Came up with our savings goals and adjusted accordingly. She was flabbergasted at how much money it took just to survive and how much we should save to have a reasonable retirement (parenting fail imo).

    I take care of setting up the IRAs and savings, paying the bills, and managing our balances. I just take what we decided out of her account twice a month. She ends up getting some extra due to cash she gets from being on-call, so she ends up having enough to go buy cluttery bull **** at Kohl's every now and then, so we're both reasonably happy.

    So I guess, we have joint savings accounts and work together to fund our retirement accounts, but we have separate checking accounts to get us through the month.



  2. #17
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    Re: Married Fanatics: Joint money or separate money?

    Wife perspective here. We have only joint accounts, but for the last 10 years we've only had one income (I stay at home with our four kids). Even when I was working, we acted like we had one income because we knew eventually we would. It has worked for us with just minor disagreements along the way. It stinks at holiday/birthday time because hubby essentially "buys" his own gifts since I buy them and he pays the bills, but he does get himself nice things. ;)



  3. #18
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    Re: Married Fanatics: Joint money or separate money?

    Joint, but the wife has an account on the side that has nothing in it. She is a stay at home mom and if she happens to take in some coin, she can do what she wants with it. In about a year she will likely rejoin the workforce so we will see what happens then.



  4. #19
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    Re: Married Fanatics: Joint money or separate money?

    Not married but live in sin with the girlfriend. We have a joint account that we both put a percentage of our paychecks into that covers rent, bills, etc.. but we keep separate accounts for the rest. It works really well though if we end up getting married and having kids I assume the percentage we share would jump significantly.



  5. #20
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    Re: Married Fanatics: Joint money or separate money?

    Quote Originally Posted by KnappShack View Post
    It doesn't matter. Cause when she leave your *** she gonna leave with half.


    Been there. True story
    If there are children involved, she'll get like 80% or more. Been there.




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  6. #21
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    Re: Married Fanatics: Joint money or separate money?

    joint money / savings but separate in mutual funds/stocks/etc.



  7. #22
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    Re: Married Fanatics: Joint money or separate money?

    It doesn't matter what account(s) you have, in her mind its all hers anyways


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  8. #23
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    Re: Married Fanatics: Joint money or separate money?

    Live with my girlfriend and we each have separate accounts. I transfer her money each month since she already had all the bill pays set up for the bills. Once we're getting started on wedding crap we'll make the jump to a shared account.



  9. #24
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    Re: Married Fanatics: Joint money or separate money?

    We have a joint account for bills and stuff but then we both have our own seperate accounts for fun stuff



  10. #25
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    Re: Married Fanatics: Joint money or separate money?

    Quote Originally Posted by 00clone View Post
    The in-laws thread reminded me...I have been surprised recently at the number of my co-workers who are married that keep their money separate. Not that I was surprised it existed at all, but of my close peers: with a generous definition, I'll put that population at 7...3 I know are separate, the other 4 I don't know, but would guess at least one more for sure separate (he's multiple divorced), one more possibly separate, one pick 'em, and one possibly joint. I'm the only one I know of who has shared money.

    One of them has told me about the arguments he's had with his wife over who pays for what (although, I'm becoming more convinced that arguing is their foreplay), and I can't fathom going thru an argument over whose money pays for what...

    but on the other hand, I also know of a guy who lied to his wife about how big his raise was and skimmed money off into a secret bank account via direct deposit for the stuff he wanted to buy but his wife wouldn't approve of. He played cards with buddies, and claimed he bought the stuff with his winnings which he overstated weekly.

    I think both of those are ridiculous, but what's everyone else's positions on it?
    We share but harder to keep track of I in some ways. I am thinking of seperating our discretionary, so I dont have to know or care what she spends her discretionary money on.



  11. #26
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    Re: Married Fanatics: Joint money or separate money?

    We have separate for business and accounting reasons. But when she needs money I have to fork some over to her so it really doesn't matter. We had a joint account and didn't have an issue with that, except when it came to keeping track of that the other person was taking out.


    The gap in our economy is between what we have and what we think we ought to have--and that is a moral problem, not an economic one. - Paul Heyne

  12. #27
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    Re: Married Fanatics: Joint money or separate money?

    My wife stays home with our kids, so I pay all the, well, everything. We never combined our checking accounts when we got married, never really got around to it. I have about half of one of my paychecks per month go into her old checking account and she does whatever she wants with it. I assume that is what she spends on groceries and taking the kids out to eat and what not. Hell, she could be building up a fund to run away for all I know. However, she has a pretty sweet deal right now. Once the kids get old enough to go to school, she'll probably get a p/t job and put that into her account as well.



  13. #28
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    Re: Married Fanatics: Joint money or separate money?

    Quote Originally Posted by BuffettClone View Post
    We have a joint account for bills and stuff but then we both have our own seperate accounts for fun stuff
    Not married (yet...2 months left of freedom) but we are thinking of doing it this way. We both like buying some things that the other thinks is incredibly stupid. If we each have a "fun" account, she can't berate me for a supercharger for the Corvette, just like I can't berate her for buying hideous, overpriced decorative things.



  14. #29
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    Re: Married Fanatics: Joint money or separate money?

    Quote Originally Posted by CtownCyclone View Post
    Not married (yet...2 months left of freedom) but we are thinking of doing it this way. We both like buying some things that the other thinks is incredibly stupid. If we each have a "fun" account, she can't berate me for a supercharger for the Corvette, just like I can't berate her for buying hideous, overpriced decorative things.
    Hahaha. Ye of little knowledge.



  15. #30
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    Re: Married Fanatics: Joint money or separate money?

    Quote Originally Posted by CYme View Post
    Hahaha. Ye of little knowledge.
    I did qualify my statement by saying I'm not yet married. Let me have my moments of blissful ignorance.



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