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Relationship Discussion (non-explicit)
Reply to "Working Married Couples"
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[quote=Anonymous]Same as 8:56 and 9:47. Paychecks go into our individual checking accounts. A set amount goes into the joint checking account every month. Joint account funds pay for: mortgage, utilities, tuition & aftercare, taxes, vet and doctor bills, groceries, furniture, etc. Pretty much all household expenses. Our individual accounts cover: cars and related expenses, clothing & grooming expenses, gifts, entertainment, charity. I cover DC's clothing and DH contributes to DC's college fund. We have separate retirements savings and portfolios. This works for us. Neither set of our parents had any joint accounts, so maintaining independent accounts seems pretty normal for us. It also helps to limit the impact of identity theft (someone might be able to drain my accounts, but not DH's, for example). Might also help with continuity of "operations" when one of us dies, but I can't say I've given that a lot of thought. Not sure if it would protect assets in a liability-type lawsuit (say a car accident with injuries), but it might.[/quote]
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