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[quote=Anonymous][quote=Anonymous]21:22, I'm the PP standing up for the rights of the "separate accounts" folks.

In our house, the desire is to retire ASAP, so we have always max'ed our 401ks, and save whatever else we can individually. (When our joint checking account starts to seem overly flush, we then move some of that money into a joint savings account.)

We talk about our personal savings accounts as well, how much is in them, whether we're piling up dough (or not!), etc.

I think part of it in our case is that we both like managing money, and tracking it, and so this way we each get to. But, as I've said, all joint expenses are paid out of the joint checking account, which is used to pay the joint credit card that we use for all household purchases. It's not rocket science. We know how much our basic monthly HH expenses are, and the day after payday we both deposit our half of the agreed-upon total. Then, the rest of our paychecks are ours to do with as we wish.

And, if there are big expenses, we talk about them, add extra money if necessary to the joint account to cover them, etc. And sometimes--gasp!--one person puts the money in to cover some shortfall, and the other doesn't have to match it. Because we're in it together.

I can understand why this arrangement is problematic if incomes are vastly unequal (or singular), or if one person is a tightwad and the other spends like crazy and can't be controlled, or if monthly finances are on enough of a razor's edge that most every penny needs to be tracked. But, if you're two grownups who know how to handle money, know how to save appropriately, know how to communicate, and respect each other, it's pretty simple.[/quote]

This is why we have totally joint finances. My husband is a financial ignoramus and cannot be trusted, so I manage it all so I can retire one day.[/quote]

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