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[quote=Anonymous][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]

This is pretty much what we do. We make about the same amount, so we just split joint expenses 50/50 right down the middle for now. If one of us has a big change in income, we adjust the proportion we contribute. We also have a joint savings account that we contribute to, for big household expenses, travel, etc. I carry the medical insurance on the family, DH covers the car and related expenses.

I have a child from a previous marriage, so I do cover most of his expenses rather than splitting them (aftercare, school stuff), but DH contributes to his college fund. DH has more student loans than I do, so we end up with roughly the same amount left over each month. We will split expenses for additional children 50/50 and those will come out of the joint account.

It works for us. As we add kids, we may merge more, but we will always maintain at least one individual account. [/quote]

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