Reply to Merging finances - how much to contribute to the joint account?

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[quote=Anonymous]This is how DH and I did it.

We each kept our checking account and Credit Union savings account. 
We opened a joint saving account at Fidelity.
We both maxed out our 401ks (or equivalent)
We looked at each of our take homes and divided up the bills based based on what made the most sense.  
We each both deposited a set amount into the Fidelity Account.
At the end of the each year we would look at our balances and make our end of year donations out of which account made sense and wrote an additional check to Fidelity of the "leftover"
We adjusted and tweaked things as our cashflow changed
Sometimes we transfer money from one checking account to the other if the cashflow dictates

Everything from all accounts was entered into the same Quicken program- this is where I feel it was "merged".  We looked at all of our accounts together an made plans accordingly.  We saved the equivalent of my take home and 10% of DH's income from the start - so we kept our spending in check.

You don't necessarily need a joint checking account to "merge" finances, it is more the attitude of "ours" verses 'his and mine'.

FWIW, it took us longer to merge our laundry than our finances.  I don't really know why- although DH has a peculiar way of folding his clothes which was one factor.

Our 20th anniversary is this summer and the above has worked through out.  We have each been at home for a bit, both worked FT, and at one point one was FT and one was PT and we adjust things as we go.  [/quote]

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