Reply to Getting married in our 40s. How should we combine finances?

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[quote=Anonymous][quote=Anonymous]We married in our mid 30s. We've kept separate accounts and each pay certain bills. We also, however, have two joint savings accounts (one makes it easy to move money around to each other, the other is our emergency fund. I've been thinking of making all of our separate checking accounts into joint accounts, just in case one of us falls ill or dies, so that it's easy to keep paying the other person's bills. The couples who have just one pot have the advantage of simplicity and seamlessness.

One thing I'd recommend for all married couples is to create a Mint, You Need a Budget, or Personal Capital account, listing/aggregating all of your financial accounts. That way you can see the forest for the trees and can monitor spending/movement of funds/net worth.[/quote]

+1 
We've literally never had a disagreement about money. But then, I don't think we would if everything was combined, either. We kept most things separate out of laziness, to be honest, and now it seems too late to change. We have kids and various expenses related to them as well, and somehow it's still fine. We use YNAB to track everything, and maybe that's why - when looking there it's like everything is combined anyway.[/quote]

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