Quote:
Originally Posted by agzg
We (as cohabitators that live in sin) have a joint checking account but separate savings and personal checking. We keep the amount in there pretty low but we go through the same bank so we can transfer money in and out easily. It's worked well for us for almost 4 years and I could see the only change after we get married would be adding a joint savings account.
Since we live in a larger city with a pretty high cost of living most of my money goes into the joint account anyway, since we pay 50/50 on everything.
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This.
We are also living in sin.
It was frustrating to always have to pay each other back for rent or what have you. The "okay I will pay this month's rent if you get next" or "I will write you my half of the rent tomorrow." It was just easier to put our halves in a joint account as well as money for bills and going out. It made budgeting easier for us. Whatever is left for the month is what the play money is for the couple.
ETA: We aren't at the sharing a credit card yet. He isn't as good about remember those payments, but he is with utility bills and rent. Not sure why.
We each have separate accounts where the rest of our money goes. That way he can buy lunch if he wants to at lunch and I am free to get my lattes and pedicures.