Quote:
Originally Posted by AnotherKD
That's what I have. After my husband and I were married, I frankly wanted to have one account, as that's what I grew up with and that's what my parents did. But, after thinking about it, of course they did, because my mom was (is) a homemaker. But my husband and I both work. I like being able to go to Saks and buy what I want without him hassling me.  |
Indeed and couples need to agree on this before getting married.
The largest percentage of incomes go into the joint account and the rest go into the separate accounts.
My significant other and I don't need to ask each other whether we can buy/afford to buy some new shoes. And, aside from discussing our calendar of events, we don't need to ask whether we can afford to go on golf trips or vacations with friends. Individual expenses are individual expenses. But, tread lightly and keep paperwork (I'm a stickler for outlining monthly expenses) because individual expenses do not trickle down to the joint account. Don't go into debt and get all crazy to the point where your investments and monthly deposits can't cover your individual expenses.