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Money and Finances
Reply to "Newly Married, Separate Finances?"
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[quote=Anonymous]This is how we've been doing it since we moved in together 18 years ago (married 13 years). We actually started off 60/40 as well when we bought the house, but eventually went to 50/50 when my income rose, and he forgave me the "loan." :-) We each put a certain (equal) amount in the joint account on payday, which pays for mortgage, utilities, joint credit card (groceries, dining out, household expenses, travel), and the like. Then we each have our own money in our own accounts to do with what we want. This is a setup that has long worked for us and I can't ever see changing it. But it helps to be on a very similar wavelength in terms of handling money (we each max our 401ks, and have decent savings). Also, have the joint checking account truly be a joint account, with both names on it, where both of you can access it online or through Quicken or whatever. [/quote]
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