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. We've talked about adjusting for our relative incomes but I actually like paying my half even though it means I might have to pinch pennies sometimes. It just makes me feel like if we were ever to break up I'd be able to take care of myself.
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