Do you and your DH

Combine paychecks and keep everything together in one account?

Re: Do you and your DH

For the most part, yes. However, he has a separate checking account because it is linked to our mortgage payments (it's a different bank than our joint account). I have a separate account too but really only because my debit card for our joint account doesn't more.

It's more out of convenience/laziness to change than anything else.

Re: Do you and your DH

When I was working (we just moved), we lived on DH's paycheck and put mine in a savings account. I made a lot more and we lived in a really inexpensive part of the country (like $450/month for rent in a nice house inexpensive), so it worked for us.

Re: Do you and your DH

no .suze orman says its not a good idea

we have our own checking accounts where we get our direct deposit and put all our living expenses into our joint account and pay bills from there.

Re: Do you and your DH

Nope, separate checking accounts. Joint savings account.

From the checking accounts, we each have certain household things/utilities that we pay individually.

Re: Do you and your DH

We will be yes. Him and I still have tons of checks from our person accounts but we're putting our entire paycheck into our joint checking then transfering it into our personal for any individual bills we pay (car, insurance, phone bills etc)

Re: Do you and your DH

Hellllllll to the Noooooooo

Re: Do you and your DH

Nope. We keep our checking accounts separate. The reason is I know my paycheck is way smaller than DH's. If we combined them I would be taking more from his money than I should. You know to do a bit more shopping, etc etc.


So it is best for now to keep them separate.

In the future, when we have a mortgage to pay, then we will most likely get a combined account, but for now it is best this way.

Re: Do you and your DH

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Posted by kris_gets_hitched

Nope, separate checking accounts. Joint savings account.

From the checking accounts, we each have certain household things/utilities that we pay individually.

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This.

Re: Do you and your DH

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Posted by cateydee

no .suze orman says its not a good idea

we have our own checking accounts where we get our direct deposit and put all our living expenses into our joint account and pay bills from there.

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what does suze say?

Re: Do you and your DH

no we dont.

we each direct deposit into multiple checking accounts and pay our own bills (cell phones, cars, credit cards etc)
we split rent and utilities. we have one joint account which was our wedding account...we saved into that account and put our wedding gifts in ther ebut try not to ever use that account

Re: Do you and your DH

We have a joint account where we pay almost all our bills and separate accounts for small, personal expenses.

Re: Do you and your DH

yup. we also each have an old individual checking account too that we keep just for the sake of having it, but we put our paychecks and wedding gift money into a joint checking that we pay all our bills from. we totally joined everything (even though we do keep separate accounts but they arent used much). we also have a joint savings.

personally it works for me because my parents were terrible with money and i inherited that, and DH is awesome with money so this way I feel comfortable knowing all our bills etc. are taken care of and he won't let me spend more than i have (tht at may sound old fashioned but its a reality for me, i'm just really bad with money).

Re: Do you and your DH

We do both. We divy our paychecks in our joint and personal accounts, I pay for my personal expenses (shopping, etc.) out of my own account and we use the joint account for all our living expenses.

Re: Do you and your DH

Everything is combined

Re: Do you and your DH

NO WAY!

We have our own checking accounts where our paychecks come to...and then a joint one for our joint living expenses....unless we only used one person's paycheck I don't see a reason why it should be combined IMO...

Re: Do you and your DH

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Posted by rdubs

We do both. We divy our paychecks in our joint and personal accounts, I pay for my personal expenses (shopping, etc.) out of my own account and we use the joint account for all our living expenses.

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This is how we roll.

Re: Do you and your DH

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Posted by kris_gets_hitched

Nope, separate checking accounts. Joint savings account.

From the checking accounts, we each have certain household things/utilities that we pay individually.

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Same here.

Re: Do you and your DH

no we have one joint account that we put some of our money in but then each have our own accounts where most of our money goes.

Re: Do you and your DH

Seperate. However, only out of laziness. The goal is to one day go to the bank and create joined savings and checking. But I don't see this occurring anytime soon.