How important is family background to you?

[KSUViolet06]

Originally Posted by cheerfulgreek

I was just saying as a hypothetical situation, what if a family member got themselves in some kind of trouble and wanted to borrow money from him? You would tell him to take it out of his account?

I have personally always felt like if your family member asks for money, it needs to come from your PERSONAL funds, not our joint accounts.

[cheerfulgreek]

Originally Posted by KSUViolet06

I have personally always felt like if your family member asks for money, it needs to come from your PERSONAL funds, not our joint accounts.

But for couples who don't believe in two separate accounts then it would have to come from the joint account.

[DrPhil]

Originally Posted by cheerfulgreek

But for couples who don't believe in two separate accounts then it would have to come from the joint account.

You're clearly typing to people who do the separate accounts thing.

Household expenses and family-related expenses (OUR family--husband, wife, and kid) such as vacations: Joint account

Personal stuff such as personal trips, clothes, and in the rare event that HE (I wouldn't do it with my family nor would my family need my money) decides to help a stupid family member who gets in trouble: Separate account

[fantASTic]

Originally Posted by DrPhil

=

Personal stuff such as personal trips, clothes, and in the rare event that HE (I wouldn't do it with my family nor would my family need my money) decides to help a stupid family member who gets in trouble: Separate account

So how does that work? Like..do you each put x $ or % into the joint account from your paycheck and the rest you get to keep in your account? What if one of you makes significantly more than the other? Does that person get to spend much more on clothes and trips and fun stuff than their spouse because he or she makes more? If you each get a certain amount in dollars to keep for your own use, then why not have a joint checking and stick to a budget?

I'm just curious how that works. I'm young and single so I've never been in that situation.

[cheerfulgreek]

Originally Posted by fantASTic

why not have a joint checking and stick to a budget?

I'm not married either, but this is the way I would want it done if I was married.