Reply to merging money when you become a family

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[quote=Anonymous][quote=Anonymous]My husband and I basically make the same amount of money, so we pool everything together and it works for us.  We don't even have separate accounts anymore, but we married right out of school and so basically came into the marriage with 0 dollars, equal debt, equal salary.

Two solutions I have seen that seem to work for couples who arent' comfortable with total merging:

1) combine a set percentage of your income into a joint account and all family/household expenses go through that.  The percentage is useful when there's a big discrepancy in salary.

2) combine all money into a joint account, but each partner maintains a separate account with "their own money."  My boss, who makes the same as her husband, does this and they use their separate accounts for fun stuff like girls' weekends, golf trips, spa treatments.  Otherwise, they manage the household together.[/quote]

+1 Love the percentage idea.

We always pooled our money because it was "our" money. I understand the need to have separate accounts, but I would think that would make the ability to hide cheating easier. We have cash for "personal" spending- when DH goes to the bank, he will withdraw $ and we split it evenly. I prefer to use CC and cash makes me nervous, so he keeps it for me, knowing that $ will go to my cc purchases. We discuss big purchases or if I need to do back to school shopping or xmas shopping, we decide on a budget for that and I just put it on the cc (which is paid off each month).

We have joint CC. Once you are married, your credit becomes tied together, so joint CC doesn't matter.
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