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#4556916 - 10/28/17 08:25 AM Do you keep separate accounts being married?
ZZman Offline


Registered: 03/17/08
Posts: 5786
Loc: Michigan
My wife and I throw everything in the same pot and always have. Many people I know keep separate savings or checking accounts or split bills a certain way.
What is your method?
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#4556920 - 10/28/17 08:30 AM Re: Do you keep separate accounts being married? [Re: ZZman]
Audios Offline


Registered: 11/19/11
Posts: 887
Loc: Lyndhurst NJ
We have a joint account that we both add the same amount to for home, mortgage etc, and we each have separate savings and checkings for other things.
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#4556926 - 10/28/17 08:39 AM Re: Do you keep separate accounts being married? [Re: ZZman]
gman2304 Offline


Registered: 08/11/11
Posts: 3053
Loc: n.c.
Originally Posted By: ZZman
My wife and I throw everything in the same pot and always have. Many people I know keep separate savings or checking accounts or split bills a certain way.
What is your method?
. Same situation....what’s mine is hers, and what’s hers is hers.

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#4556927 - 10/28/17 08:40 AM Re: Do you keep separate accounts being married? [Re: ZZman]
86cutlass307 Offline


Registered: 03/02/10
Posts: 169
Loc: Wichita Falls, TX
We keep a joint account for living expenses...house payment, monthly bills, food, vet bills...you get the idea. We also have our own accounts for fun/everyday, fuel, car insurance, etc.; we also set aside monthly amounts for home remodel stuff and so on. 401K, and payroll related savings/retirement come out as well. Works for us, I had to teach her financial discipline; took a while but finally she cam around. Debt elimination (credit cards/accounts) is they key to your money working For you instead of it always going out the door every month. Every relationship is different they say. In my opinion, only 1 person should handle 1st tier financial stuff like house payment/rent, bills, and such...much less confusion and friction. Just sit and talk through a plan that works for both and always factor in those $1000 crisis things like refrig goes out, washer/dryer goes out, water heater...you get the picture.
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#4556934 - 10/28/17 08:49 AM Re: Do you keep separate accounts being married? [Re: Audios]
Donald Offline


Registered: 03/21/04
Posts: 20457
Loc: Upstate NY
Originally Posted By: Audios
We have a joint account that we both add the same amount to for home, mortgage etc, and we each have separate savings and checkings for other things.


+1 - joint for common things like mortgage and utilities. But important to have our own money you can buy tools or wife buy clothes without other questioning.

We both work however. Maybe different if one stays at home. (Wife earns more than me.)
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#4556937 - 10/28/17 08:51 AM Re: Do you keep separate accounts being married? [Re: ZZman]
ARCOgraphite Offline


Registered: 05/17/09
Posts: 11970
Loc: N.H, U.S.A.
Always been separate for the past 27 years. She didn't even take my name in marriage; Her last name is three letters and mine is ten smile No kids, so last name doesn't matter so much I suppose.

We will talk about upcoming big bills and split them by writing 2 checks (or she will write a check and Ill write HER a check for my 1/2 owed.

No arguments about money. Now I'm "semi" retired with a lower paying job we both make the same amount.

I could see if it was the 1950's and you had a "housewife" you would have a joint account.

Not in the 21st century.
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#4556939 - 10/28/17 08:52 AM Re: Do you keep separate accounts being married? [Re: ZZman]
fdcg27 Offline


Registered: 09/25/09
Posts: 15699
Loc: OH
We have always had our paychecks (or pay ACHs, really) go into one joint checking account.
From this we pay our various bills and then divert excess funds to savings/investment.
Since we're both of the same mind financially, we don't need to worry about one of us hovering out the account.
Every situation is different, though.
If one or both spouses come to the marriage with significant assets, then they may chose to keep things separate for a time or forever.
This is especially true for those in triumph of hope over experience marriages, to steal a phrase.
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#4556942 - 10/28/17 08:57 AM Re: Do you keep separate accounts being married? [Re: gman2304]
CT8 Offline


Registered: 10/09/14
Posts: 10979
Loc: Idaho
Originally Posted By: gman2304
Originally Posted By: ZZman
My wife and I throw everything in the same pot and always have. Many people I know keep separate savings or checking accounts or split bills a certain way.
What is your method?
. Same situation....what’s mine is hers, and what’s hers is hers.
Seems about right.
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#4556951 - 10/28/17 09:06 AM Re: Do you keep separate accounts being married? [Re: ZZman]
Mr Nice Offline


Registered: 09/12/04
Posts: 21196
Loc: Orlando, FL
Bank / checking accounts should be joint, same for brokerage account.

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#4556967 - 10/28/17 09:29 AM Re: Do you keep separate accounts being married? [Re: ZZman]
ARCOgraphite Offline


Registered: 05/17/09
Posts: 11970
Loc: N.H, U.S.A.
WHY? In case she kicks off?


Edited by ARCOgraphite (10/28/17 09:30 AM)
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#4556996 - 10/28/17 09:56 AM Re: Do you keep separate accounts being married? [Re: ZZman]
gregk24 Offline


Registered: 04/13/13
Posts: 5602
Loc: FL, USA
Joint of course. You are married so what's yours is hers, what's hers is yours.
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#4556999 - 10/28/17 09:58 AM Re: Do you keep separate accounts being married? [Re: gman2304]
Brybo86 Offline


Registered: 10/08/11
Posts: 2948
Loc: Chicago, IL
Originally Posted By: gman2304
Originally Posted By: ZZman
My wife and I throw everything in the same pot and always have. Many people I know keep separate savings or checking accounts or split bills a certain way.
What is your method?
. Same situation....what’s mine is hers, and what’s hers is hers.

100% agreed.
100% combined accounts.
Because it is easier and because I believe in being open and honest with your spouse

Only reason to have separate accounts is if you don't trust your spouse... yikes


Edited by Brybo86 (10/28/17 10:07 AM)
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#4557003 - 10/28/17 10:02 AM Re: Do you keep separate accounts being married? [Re: ARCOgraphite]
Bronco1 Offline


Registered: 01/06/17
Posts: 137
Loc: Colorado
Originally Posted By: ARCOgraphite
WHY? In case she kicks off?


Why not? In our case,the wife and I have been married over 30 years. We approach everything as a team. We handle personal spending through budgeting rather than individual accounts. Of All the things we've disagreed about over the years, money isn't one of them. And yes, if one spouse passes, joint accounts make handling finances much more simple for the survivor. If I pass before my wife, I don't really want her to have to run around to banks and brokerages with death certificates and such. That being said, I think you need to do what works for you both as a couple. There's no one right way to approach it.


Edited by Bronco1 (10/28/17 10:14 AM)
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#4557011 - 10/28/17 10:13 AM Re: Do you keep separate accounts being married? [Re: ZZman]
Mackelroy Offline


Registered: 12/03/04
Posts: 1006
Loc: Florida /Texas
Really depends on the credit to me, if you marry someone with bad credit, and have them manage accounts, your are asking for trouble.

But Ive been joint for over 30 plus years, Probably not a good idea with the divorce rate, could be risky, but can be successful.


Edited by Mackelroy (10/28/17 10:15 AM)

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#4557013 - 10/28/17 10:14 AM Re: Do you keep separate accounts being married? [Re: ZZman]
RedOakRanch Offline


Registered: 11/10/13
Posts: 846
Loc: Central Coast California
Seems weird to me to have separate accounts. No trust or money issues in my household though. My wife and I enjoy looking over the retirement, checking and stash accounts, together. We buy everything on separate credit cards to better track fraud and be able to surprise each other if needed. Paid in full every month!
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