Reply to Getting married in our 40s. How should we combine finances?

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[quote=Anonymous][quote=Anonymous]Don't. Separate accounts for everything. Decide how to split bills, and pay them individually.[/quote]

We did this, and it works well for us. We have some joint investment accounts (and some that are not), and both our names are on all checking accounts, but there are accounts that my income goes into and  I primarily spend from and vice versa.   We have a general budget and are on the same page, financially, and always consult each other about major purchases (cars, etc), but I’d hate having to account for every $200 purchase I make. There are certain bills he pays and ones I take care of. It’s roughly equal, but it’s all our $$ in the end, so it doesn’t really matter. I think having the same approach to spending is more important than the mechanics of how your accounts are set up. It’s almost healthier to keep things more separate because you have to trust that your partner is doing the right thing (vs. constantly checking up on each other).  Of course, that assumes that you do trust your partner. [/quote]

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