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[quote=Anonymous]My husband and I have a variety of financial accounts (checking, money markets, mutual funds, etc.). Some are in my name, some in his, some in both names. It's really a practical matter. We established some of the accounts for tax benefits when he was working (non-US citizen) and I was a grad student, since my tax rate was lower if we filed separately. Frankly, in the our case, I don't see it as emotional. We make joint decisions on all large purchases regardless of where the money comes from. But there is some mellowness in not having him track all of my expenditures or vice versa, just as I don't feel the need to have access to his schedule to know where he is at all times or vice versa. I guess for us, part of our commitment has to do with giving each other private space and breathing room, including in the financial sphere. It is sometimes also convenient to have just one name on an account so if, as has happened on more than one occasion, one of us needs to make a large financial transaction and the other person is out of town, we don't need to wait for the other person's signature. I think of our separate accounts as similar to each of us having our own physical credit card for our joint credit card account. I can move freely and so can he, but we trust and check in with each other as needed. Does that help you to understand at least one mindset in handling things this way? We've been together for 18 years, married for 14 with two kids. It doesn't bother me that other couples handle these things in a different way. As long as your system works for you, go for it.[/quote]
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