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Reply to "Merging finances - how much to contribute to the joint account?"
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[quote=Anonymous][quote=Anonymous]We do all combined but set aside $200/mo in the budget for each of us for discretionary spending. Prior to marriage it was similar but with ind. accounts - we each kept a few hundred and combined the rest into one account. My recommendation, even if there's a big discrepancy in income, is to make sure your "allowances" (or what have you) are the same amount. You don't want to feel like you have to borrow from your spouse or have different standards of living, etc. [/quote] OP here - I like this, as well as 20:01's approach. It gets a little tricky for us, though, because my husband is self-employed so his allowance needs to cover fun money as well as business expenses. But I guess that's up to him to figure out before we break it all down. [/quote]
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