Reply to merging money when you become a family

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[quote=Anonymous]When we married, we had separate bank accounts and credit cards. We put each other's names on the accounts as joint holders, but otherwise continue to treat the accounts as functionally separate (he doesn't even have the online banking pw to "my" account, I don't think, and I rarely check "his" account). I also added him to my Am Ex account as another cardholder, which can make a lot of sense if you have a card with an annual fee - at least for Am Ex, the fee stays the same, but you get two cardholders generating points.

I pay for just about every expense from mortgage to credit cards and most bills from my account, except for a couple that he set up as auto-pays from his account. Obviously this runs down my account quite a lot, but I don't mind because we treat his account more as our investment account (our financial adviser manages that one).

This works for us because we're generally on the same page about financial matters and have similar spending habits. I agree with PP that that's really important. We also made the same amount of money for years and I have no doubt that helped. DH recently accepted a lower-paying job and we're expecting our second, so maybe our attitudes will change, we'll see. [/quote]

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