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[quote=Anonymous][quote=Anonymous]So far no one has given any details about exactly how this works?  Does each spouse get a fixed amount of money each month in a personal account to spend however they want, maybe $1,000 a month or something, like an allowance, where as everything else goes into the joint account?  I could see that working, because regardless of the spouses income they have the same amount of spending money.

It seems like most people are talking about a percentage split or something, though.  That would work ok if both spouses had similar incomes, but what about if incomes are unequal?  Say one parent is a partner at a law firm making $400K a year, while the other is a fed making $120K a year or so.  Does the lower income spouse just have a lot less spending money than the higher income one?

That doesn't sound fair.  If one spouse stays at home with the kids, it is even less fair.[/quote]

In our house, we each put a set amount into the joint account that will cover our monthly outlays, usually with a bit of a cushion, and then we keep the rest of our paychecks in our own accounts.

In other words:

Payday: Paychecks direct deposited in our individual checking accounts
Payday +1: Recurring transfers move money from our individual checking accounts into the joint checking account. Right now about $3k each from our personal accounts.

After the initial setup via online banking of the monthly recurring transfer, we never have to do anything more, unless the time comes when we feel like the amount deposited needs to be increased thanks to inflation, higher bills, or whatever.

But we do make roughly the same amount.

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