Reply to Yours, Mine, and Ours finances-- how does it work in your house?

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[quote=Anonymous]We married at 27 and opened a joint account. I made around $50k back then, and he made around $85k. After a few months, we both decided we didn’t enjoy feeling like we ought to track each other's spending, so we opened separate accounts as well.

I have always paid the utilities and home repair out of my account (he’s not handy or focused on home/yard expenses at all) and most kid expenses outside of daycare/nanny costs. He saved for 529s, major expenses, and all internet/TV costs. We both have maxed retirement. 25 years and multiples of HHI/net worth later, we are still very happy with this arrangement. Neither of us has ever questioned each others purchases. We both use the joint account for any expenses over $1,500 or so. I have (sadly) received a couple of inheritances worth 1.5 million or so cash, and never considered keeping them separate. I’d have been devastated if he did. I will acknowledge that a couple of real estate inheritances, very low value financially, but extremely important emotionally, remain in my name. My mom and grandmother were always proponents of women owning their own property independently, and I wanted to honor their wishes (and yes, I like having something in my name alone).  Not sure how DH would feel about this, but assume he may not care given he’s never asked. He is rightfully secure in our marriage. [/quote]

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