Reply to Joint v. separate accounts

Forum Index » Relationship Discussion (non-explicit)

Reply to "Joint v. separate accounts "

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous]We have a hybrid system that has morphed over time.  When we got married in our late 20's, we had a joint savings account that we used to save for the wedding that later became the house downpayment savings. We each had one main credit card and one main checking account in our own name.  Once we got married, we added each other to the credit cards but each is responsible for paying the main credit card had pre-marriage. We split up the bills each person pays.

There are a few reasons we started off this way. I am disorganized in personal life and work hard to be organized at work.  My DH is very organized is his personal life and I assume at work. I am the type that the water bill was paid a few days late because I had not gone thru the mail stack in two weeks and that would have drove DH absolutely crazy.  Big bills like credit card and mortgage I paid on time.  So DH took all the smaller bills and I continued to pay the mortgage on the place I owned before we were married. I am very frugal about some things so I had basic cable and basic phone before we were engaged so it made sense that DH would take over the cable and phone bill that were upgraded to what he wanted.  I knew with checking accounts I would not want to tell DH about every purchase so he could balance the account and if he made a comment about a purchase like oh we needed another Shirt in blue I would not find it cute.

Once we had kids, we added each other to the checking accounts but still have the same split bill paying except I have added childcare, school tuition, and kids activities to my list.  The one big thing is we haven't really done joint budgeting and retirement planning and that is my goal for this year.  We have gotten by this long because we made enough separately and while we put away for joint savings and fund 401ks in general we lived life like we had to get by on far less than our combined salaries.  The problem though is if we trim fat from what we spend, we need it to go somewhere productive like more in college savings or retirement.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics