Reply to Best way to divide money when you’re married?

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[quote=Anonymous]Joint everything - in our 50’s. Was tough for me at first as I was by far the more responsible one. However agree with pp that it forced us to talk about financial goals and priorities - hugely important! It also reinforced our joint journey.

One bit of advice we received is to pick an amount of money you would not spend without checking in first with your spouse/partner (I’m thinking of purchasing xyz$$ - u ok w that?) Never once have we denied the other - I suspect that that is partly because most times it makes us first evaluate our possible purchase against our goals before checking in with the other - we absolutely have splurged on nonsense but we thought about it. This sounded horrifying to my young, independent self, but many years in, over the winding road, It has worked well for us.

We also considered the separate splurge accounts and got rid of pretty quickly because it was easier to combine and we decided to take the plunge and trust each other. It is a leap of faith without question. [/quote]

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