My Money is Your Money

Bee12 Posted: Nov 16, 2009 11:04 PM

My Money is Your Money

option 1 :separate bank accounts?
option 2: joint account?
option 3: joint account with a stash on the side?

So many choices and every choice you make affect ur future...esp since money is not an easy issue in marriages

i think option 3 works for me!

JessNicole7EM Posted: Nov 16, 2009 11:07 PM

Re: My Money is Your Money

Bee12 Posted: Nov 16, 2009 11:08 PM

Re: My Money is Your Money

Posted by JessNicole7EM

right now we have a joint checking and a joint savings at one bank. and a CD together

I have a checking at the bank I work in.

Then I have a Checking & Savings at a 3rd bank.

FH has a checking and savings at another bank also.

It's working out great and we both have each others passwords to online banking to see what is going on, etc. (in case of emergency,etc)

everything is working at perfect and we've had it like this for over 3 years. I don't think we'll change a thing.

me gusta!!!

Mommy2BeBride Posted: Nov 16, 2009 11:08 PM

Re: My Money is Your Money

We both have our own seperate checking accounts & to save money for the wedding, after our engagement party, we are opening a joint savings account which we will both put money into when we get paid.

futuremrsreilly Posted: Nov 16, 2009 11:08 PM

Re: My Money is Your Money

We have option 3...works for us

AngnShaun Posted: Nov 16, 2009 11:09 PM

Re: My Money is Your Money

we have separate checking accounts
and a joint savings account with ING

MikesBride2B Posted: Nov 16, 2009 11:15 PM

Re: My Money is Your Money

We have a joint checking account for the monthly bills that we share.

We have a joint savings account that mostly only gets contributions from me, but that's because FH has a lot more personal bills than I do.

We each have our own checking accounts so we can pay our own individual bills (Like student loans, FH is still paying off my ring, etc etc)...also so that we can buy each other presents and not feel like we've bought it for ourselves.

I can't imagine it not being this way, it works very well for us. Every couple of months we look at our budget again to make sure we're not paying crazy amounts into the joint accts.

Lsorrent Posted: Nov 16, 2009 11:37 PM

Re: My Money is Your Money

Option 3

FutureMrsCG Posted: Nov 16, 2009 11:41 PM

Re: My Money is Your Money

Option 3. We both have our own checking/saving accounts and we have a joint account for household bills, etc..

netsirk10 Posted: Nov 16, 2009 11:47 PM

Re: My Money is Your Money

option 3

Bee12 Posted: Nov 17, 2009 05:44 AM

Re: My Money is Your Money

i love how we all think alike

italgal Posted: Nov 17, 2009 09:02 AM

Re: My Money is Your Money

I'll go with option 4.
My money, Your money, Our money.
We took all of our expences cut it in half that goes into our money. Everything else is mine or his. We put an equal amount into a forth bank account that is an emergency fund that is never touched. This has worked for us for over 10 years.

jcreilly Posted: Nov 17, 2009 09:10 AM

Re: My Money is Your Money

Right now we have separate accounts but after we are married we will have a joint savings account!!!

Jtruran Posted: Nov 17, 2009 09:23 AM

Re: My Money is Your Money

Def option #3

JenBill61210 Posted: Nov 17, 2009 10:25 AM

Re: My Money is Your Money

Posted by AngnShaun

we have separate checking accounts
and a joint savings account with ING

this is what we have currently

AdriandSteve Posted: Nov 17, 2009 10:27 AM

Re: My Money is Your Money

We will have a joint savings and joint checking. We will still keep our individual savings/checking accounts though.

If FH wants to buy a 3k tv as long as it's not coming out of 'our' money then what can I really say?

RGEC47 Posted: Nov 17, 2009 10:28 AM

Re: My Money is Your Money

We have joint checking and savings, and our own checking accounts. All monies are deposited into the joint, and everything is paid from there. We have issued ourselves 'allowances that get automatically tranferred into our individual checking accounts.

I must admit with the wedding our allowances have kept getting reduced.