Marriage Finances

[Diva]

I've heard so many nightmare stories about people who end up with bad credit because of their spouse. On the other hand, I've heard of people hording money while the other one foots the bill. Which do you think is best when you commit to someone and live together?

[kittyroze]

I think there should be a shared account for bills and household expenses, then each should have a personal account.

[SysLord]

Because of my business paying alot of our bills, we toss our personal monies together to pay the rest. Apart from that we both have separate pension accounts.

[Boozer]

I think that there should be seperate personal accounts, but shared bill accounts. I have so many guy friends that are always broke, and when asked why, "I sign my check and hand it to my wife." FUCK THAT!!! I'd give part of my check to my wife for bills, and make sure there was food in the fridge and so on, but I want cash in my pocket. Besides, I worked for it, I deserve some of it!!

[Ice Man]

I direct deposit a certain amount of money into our joint account.......The excess ( i.e. Overtime) goes into "my account". She puts all of her money into the joint account.

She pays the bills and I spend the left over........LOL........

[Diva]

So she doesn't have an account of her own? When she wants to buy something for herself, what does she need to do?

[Ice Man]

She uses the joint account..........The only thing I use it for is Gas and food.

[JakeD]

I think having a joint account and then a separate account for bills is fine. I would trust my woman to spend her money wisely, as long as I do the same, and just let each other know of whatever expenses have been taken out....no harm in that.

[Redallnite]

What is his is mine and what I earn is mine too, so there........ Really thou, I let the "B" have what I think would make him happy then I keep the rest......... I just hate tax time.....

[whitecrow]

C'mon - doesn't it just <i>make</i> more sense to have one account? Less secrets - a more open relationship (feduciarily speaking, of course)

* whitecrow knock up his 25th post.

[kittyroze]

The only problem I see with that is they then get to snoop around and find out what you got em for presents. I'm way sneaky in that dept.

[twistedzipper]

my wife and i only have one account, which we share, when she gets pd, she puts some of it in the account and keeps alittle, when i get pd i put some of it in and keep a little, that way we both have a little spending cash for gas, mcdoalds, sonic, cigs, or whatever