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My Money is Your Money

Original post by Bee12

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!
MrsCM Posted:

Re: My Money is Your Money

We have 2 joint accounts and a business account. That's it.

chelley720 Posted:

Re: My Money is Your Money

I was talkiong to a bank mannager at my bank asking him about that and he suggested to keep your own bank accounts and get one joint account. He said if you share the account say you only have 100 left and you both go shopping and both spend 100 then you get hit with a overdraft charge plus the extra 100 spent. He said put all ur $ in a joint account pay bills w that then give yourselves an budget in your own account so you know exactly whats left.

ELluvsMB Posted:

Re: My Money is Your Money

we have a joint account where the wedding gifts went. Then we both have our own accounts. We split all the bills. It's been working for us since we moved in together 3 years ago.

Tessie728 Posted:

Re: My Money is Your Money

started as option 3, but as time goes by our money has become more and more combined.. . We are just going to combine everything soon!

FutureCap Posted:

Re: My Money is Your Money

Posted by dianeb888

Right now we have our own savings and checking accounts. After the wedding we will put everything together.

same here!
queensbride2010 Posted:

Re: My Money is Your Money

Posted by italgal

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.


Ditto
futureMrsJSL Posted:

Re: My Money is Your Money

We feel most comfortable with option 3, having our seperate accounts and one joint account.

pasta3825 Posted:

Re: My Money is Your Money

We have a mix of 1 & 2. We have lived together for 5 years, and have owned a house for 3.

I like that we have a joint account for all of the bills. I also like knowing that I have my own money to go out and buy really expensive shoes lol.

Eventually this will have to change, once we have children, but it works for right now!
KTnChris Posted:

Re: My Money is Your Money

we each have separate checking & savings and then we have a joint checking & savings. works out well for both of us.

GiannisWifey Posted:

Re: My Money is Your Money

we each have our own checking/savings accounts and right now we have one joint acct.....all our e-party money went in there and also each pay period, a portion of our paychecks go in it which helps pay for the wedding expenses!! I think we will prob keep the separate accounts for now and when we get married, we may just combine everything...

FutureJOC Posted:

Re: My Money is Your Money

Option 3. When we moved in together, we opened up a joint account where our rent/bills $$ goes, but I have my own separate checking and banking account.

I feel it's the best way.
Pacie Posted:

Re: My Money is Your Money

Option 3, My FH and I have a joint checking, mm and cd. We also have our own checking, savings and cds. And I think we’re going to try and keep it like this after we get married it stops arguments over what each of us are spending our money on. As long as we put in our share for bills and savings everything is good.

Gerbera Posted:

Re: My Money is Your Money

#2.
We've been together for 9 years, lived together for 6.
When we bought a house together (4yrs ago) we combined everything. IMO, there is no point for separate accounts. But I guess, it doesn't work for everyone. For us it does. Complete disclosure.
las1 Posted:

Re: My Money is Your Money

Good question and it was helpful to read what everyone said.

We just opened a JT checking account! We always had separate accounts although we would help each other out with the bills since we lived together for a long time. We decided to have a JT check and savings and each keep separate accounts for allowances.
Mrsluv2be Posted:

Re: My Money is Your Money

We will be going with option 3!!!!

elisa112101 Posted:

Re: My Money is Your Money

wse have our joint checking and savings that we have had for like the last 4 years already... it works for us!

stinenandy2010 Posted:

Re: My Money is Your Money

we have everything joint, one checking, one savings. we own a home together and find this to work out very well for us.

MongieToBe Posted:

Re: My Money is Your Money

Posted by FallBride2012

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.


this is exactly what we did
I also have a separate savings account
Bee12 Posted:

Re: My Money is Your Money

Posted by italgal

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.


I like this plan!!
Bee12 Posted:

Re: My Money is Your Money

Posted by pasta3825

We have a mix of 1 & 2. We have lived together for 5 years, and have owned a house for 3.

I like that we have a joint account for all of the bills. I also like knowing that I have my own money to go out and buy really expensive shoes lol.

Eventually this will have to change, once we have children, but it works for right now!


i love the shoes part!!

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