More Men are Marrying Wealthier Women

[DrPhil]

I'm a proponent of having both a joint bank account and separate accounts. It works for those of us who are proponents of it.

It is based on percentage of income. The joint bank account is where the largest % of income goes and it is for family/couple expenses. The separate accounts are for personal expenses.

You wanna go on a golf trip with your buddies? Have fun. Separate bank account.
You wanna go on a shopping spree? Have fun. Separate bank account.

[christiangirl]

Originally Posted by DrPhil

I'm a proponent of having both a joint bank account and separate accounts. It works for those of us who are proponents of it.

THIS. One day, my future mister and I will have things we want and things we need. My "needs" shouldn't be funding tickets to the Lakers game. Just like his "needs" should not fund my day at the spa. If you can share EVERYTHING in life and make that work, then that's great. If money is your breaking point and you just can't bring yourself to fuse those, then that's fine if you both feel that way. This is just a third option and I hope whoever I marry agrees.

ETA: Well put, Dee.

[DrPhil]

Originally Posted by christiangirl

THIS. One day, my future mister and I will have things we want and things we need. My "needs" shouldn't be funding tickets to the Lakers game. Just like his "needs" should not fund my day at the spa. If you can share EVERYTHING in life and make that work, then that's great. If money is your breaking point and you just can't bring yourself to fuse those, then that's fine if you both feel that way. This is just a third option and I hope whoever I marry agrees.

ETA: Well put, Dee.

I had a convo with an acquaintance years ago that further solidified how I already felt about joint and separate accounts.

She really wanted a new pair of shoes for the Winter and her husband didn't think it was a necessary expense. She kept petitioning to him and trying to get his approval/clearance so she could go clearance rack shoe shopping. It made me cringe.

Of course having a lot of money in their joint account can prevent such penny penching; and having a spouse who isn't such a hard knock could as well. But, I prefer avoiding that altogether.

[KSUViolet06]

Originally Posted by DrPhil

I'm a proponent of having both a joint bank account and separate accounts. It works for those of us who are proponents of it.

It is based on percentage of income. The joint bank account is where the largest % of income goes and it is for family/couple expenses. The separate accounts are for personal expenses.

You wanna go on a golf trip with your buddies? Have fun. Separate bank account.
You wanna go on a shopping spree? Have fun. Separate bank account.

I like this.

The idea of (example) a woman hiding shopping bags in the car because "hubby will have a fit if he sees this" doesn't sit well with me, especially if it is not "family money/joint money" that she's spending.

[DaemonSeid]

Originally Posted by DrPhil

I'm a proponent of having both a joint bank account and separate accounts. It works for those of us who are proponents of it.

It is based on percentage of income. The joint bank account is where the largest % of income goes and it is for family/couple expenses. The separate accounts are for personal expenses.

You wanna go on a golf trip with your buddies? Have fun. Separate bank account.
You wanna go on a shopping spree? Have fun. Separate bank account.

Yup...it really does work.