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Money and Finances
Reply to "merging money when you become a family"
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[quote=Anonymous][quote=Anonymous]We have a shared checking account and credit card for all house bills - rent, utilities, lawn service, daycare, groceries. We have a budget and we each contribute proportionally. For example - if our monthly budget is $6k and I make $150k and he makes $75, I contribute $4k each month and he contributes $2k. Our "house down payment" money and emergency fund are in a joint Vanguard account. We both had investment accounts there when we married and we joined them. We each have our own checking, savings, and credit card. We keep our retirement separate - but my higher income subsidizes him being able to max out his TSP. We pay for our own clothes, gifts, cell phones, haircuts. We're not super careful about keeping things even - which is to say we pay very little attention. I pay for some baby clothes out of our joint account and others out of my money. He pays for dry cleaning on the house card even though it's mostly my clothes. He often pays for dinner out of his account even though we agree it's a house expense. [/quote] Sounds like a lot of work keeping track of who's paying for what out of what money. Don't you have anything better to do? Either it's "His" and "Her" money or it's "Ours." His/Her sounds like you're expecting to divorce. Ours means you're both in it for the long haul.[/quote]
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