Reply to merging money when you become a family

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[quote=Anonymous]We merged all our finances from day-one of our marriage and for us it helped to reinforce trust and the feeling that we are a team and in this life together.  I can't imagine having to write checks to each other to cover expenses.  We have joint checking and savings accounts and one credit card.  Both names are on our mortgage.  Only retirement accounts are individual.

DH especially insisted that we think of money and expenses as "ours" (and he's always earned more, except for a brief period of unemployment).  It made my taking time off to be a SAHM more comfortable when we already had that attitude established.

A couple ground rules that help...we discuss any expenditure over $100 with each other.  And, we both are involved in regular financial activities...He handles paying bills (although there have been stretches when I handled that) but I'm the one who monitors account balances and overall spending. I handle taxes but he took the lead when we refinanced the mortgage.  This way we both feel involved in what's going on.[/quote]

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