hi ladies, need some advice; if you're married or live together, I was wondering how you and your SO work out the money situation?? how does it work for you guys? joint accounts? separate accounts? does he save and you spend? do you pay the bills or does he? Do you give each other allowances? How do you keep track of your money? How is it working for you? what would you do differently??

Thanks!!

<3 Kathy

we are married but ours are seperate..and we both save almost ALL of our money.

We're married. I am responsible primarily for arranging/executing payments, he will drop the rent in the drop box if he has to because I forgot to mail it off in time, or whatever else.

We have had a joint account since we became engaged (I would not recommend that others do so however, we were lucky to not have issues involving money). We both worked, pooled our money, and used it for our joint living expenses. After marriage, we still had a joint account, and even as a nonworking partner in our marriage now, we both consider the money in our accounts to be 100% shared.

we have both. I have my own, DH has his, and then we also share an account together.

we have ajoint account and I pay the bills but we do everything online and we save what we can

We have a 1 joint account now that we are married, there was no sharing of accounts until we married. I have an account from before we were married. I keep this account strictly for my insurance commission checks. I carry my insurance license from Tx in my maiden name, and all of my residual income checks come in my maiden name. It isn't a lot of money, but it's money that I use for odds and ends.

I pay the bills, but we discuss all of them. I keep a dry erase calendar board on a wall in our kitchen that has every bill listed with on the due date. He knows when they are due, but I stay home so that is one of my responsibilities. I make sure the bills are paid on time, groceries are in the house, and that the house runs efficiently. We both shop, we both save, we do not make any big purchases without discussing it with each other first. We keep each other informed at all times. If I was working or when I start working possibly after the first of the year, if/when the job market picks up down here, my checks will be deposited into our joint savings account.

There isn't anything I would change about how things are run in our house currently.

Thanks ladies, i am definitely loving all the different inputs and perspectives. I do not take your wisdom and methods lightly. I will definitely use this!!!


<3 Kathy

We have both separate and joint accounts. Part of his pay goes into each. And then part of the money I get goes into each. It's helpful.
I have to arrange all the payments though.

we have both. We have a joint bills account that all our bill money goes into, and then we each have a checking account. Which both of us have access to. His account is mainly for Deployment and since we started recruiting it keeps his excess yet necessary spending separate. I always say find what works for you and stick with it.

Joint accounts. I do all the finances here. We don't do allowances cause we don't need to. None of us go crazy spending and we know how much we can spend.

:lmao i have 2 accounts and his name are on both of them i am also on his account too..

We have a joint account and then we have a separate account for when he leaves for deployment. He gets cash every month in that account...It has worked out great!

We have seperate accounts for our personal spending/saving and then a joint account for bills, the twins, emergencies, etc.

I pay the bills, mostly because he doesn't have time to deal with it and I'm the one with the accounting/finance degree :lol

Neither of us are "spenders," we both save pretty much anything leftover. Right now we have enough saved up to live comfortably for about 1.5yrs if something were to happen.

Its working out great so far :yes

we have a joint bank account. we both take a certain amount of our paychecks and put it into savings...we also tithe 10% of what we earn. we don't have an allowance for each other...we just discuss what we want or need to buy and decide whether it is appropriate or not. we both pay bills and we balance our account by using quicken software. he takes care of certain bills and i take care of others. it's pretty easy and i like it because there are no secrets or questions about where money is going.

We have joint accounts. I do have 1 separate account that I share with my mom for just in case purposes or for birthday money lol He knows the password for it and my pin number.

We have both joint and seperate accounts. Our paychecks each go into our seperate accounts and then we transfer money into joint accounts for savings or whatever.

At this point, DF and I each have our own, but we have access to each others and pretty much know how much the other has and know if we're ok to cover expenses and whatnot.

We are definitely going to go for a joint account once we're married though. We figure we'll wait until then so that we can chose a bank that is convenient for his work, my work, and our home by then.

I have my own account and after we got married he added me to his account. The money in my account goes for bills and small purchases for me. Our account (his) goes for paying rent, groceries, shopping, etc.

we have a joint account and i take care of paying all the bills..and we usually talk about what we've bought all the time...so i can keep track of where we are with money..but there isn't really an allowance per person...it's more of a just spend as little as money until the bills and stuff are paid...

we have seperate accounts but we are just dating.

We have our own bank accounts for now. We will combine once I am in CA.

We have seperate accounts and a joint account for bills. We both have our own savings and we have a joint savings too. Not being on his account has turned out to be somewhat of a pain with him being deployed, but since I'm POA, I can have access to it if need be.

Been married a long time.. we have a joint savings, with him as the primary (since it was his account before we got married) then I have a Savings and Checking. His pay goes into the main savings, and I transfer bill money to the checking account. This keeps him from bouncing checks and we use cash only.

we started off having seperate accounts and once we were married we added eachother on. It wasnt until a few months later that he started direct deposit into my account but he still has money going into his original one too. So we have two accounts. Works out fairly well cause I get to spend it...lol

joint accts

Both. We each have our own personal accounts, and we have a joint account as well. :)

we both have our own savings accounts but all of our checking accounts are together.

We've had a joint account since we were first married. For me, if I weren't married but living with someone, I would maintain my own bank account.

We have seperate accounts but I have access to his....he doesn't have it to mine but mostly because he has more money and wouldn't need to use mine.

My account is joint right now, an his account is just his. When we get back from vacation he's putting everything into our account. We think it will be easier for us because all the finances will be in one place an will be easier to keep track of.

We only use joint accounts. He has one account that is solely in his name but that is merely because he has to go there in person to change the account holder's names and he has only been back to Illinois once in the four years we have been married. It was also over a holiday so by the time we got into town there was no time to fix it. There is little to no money in there so it has never been that big of a deal though he does plan on changing it whenever we do get the chance.

we have both. well i have my BOA account that he can have access to if he chose to but he doesn't--i use it for my mad money or my emergency funds. we also have joint USAA and joint navy fed accounts

We share our Main account and then I have a land account for my paycheck and for if we get checks for things its easier to deposit in mine then in his. I also don't want to get rid of mine cause I have Boston Red Sox debit Mastercard lol

we have both. 2 joint accounts and 1 each separate

we have both

We have a joint checking and savings account that we started after we got married. We have it set up where so much comes out of each of his paychecks to go directly into savings and the rest goes into checking to pay bills. If we have a lot left over before the next pay day then we will transfer the funds over into savings. This works out great for us because we know that we have to turn to each other before we want to buy anything big and there is no competitiveness over who is making more because its "our" money not his and hers. Also we don't have to decide who's going to pay what bills

We have a joint account. I pay all the bills. We started this when he left for his first deployment and kept it that way. It has been over 6 years now and it still works for us. I give him so much cash each week and he has to get his gas, dip, haircuts, whatever else, with that. I use the debit card. But I'm not out doing shopping sprees. I go to Walmart and the Commi. And then when the kids need clothes or presents for birthdays or Christmas then I buy those. This past week I bought myself some clothes but he was with me and we both agreed we had the money to spend.

When he his deployed then he has a separate account on the ship and he uses that when they port. He starts it a couple months before he leaves and has x much put in each pay. That way he can spend whatever he wants and I'm not worrying about him taking out money I had alloted to go somewhere else.

Seems to be a good idea for most couples !

We have joint accounts he only really spends money on gas, and then he tells me what he wants and I work it out with the money. He has been a bad planner an implusive buyer in the past so this works well for us. We each get five want items (within reason) a month and then we try to put some money back for saving, but right now we are trying to pay down debt before saving.

I have experienced with married people, money is together or separate. what works for one couple may or may not work for the other.

i pay all the bills out of my checking, but i have access to his (joint). aside from his checking which is joint, we maintain separate savings & he is not on my checking. may sound weird but it works well for us. we see each other's statements and all balances are open to discussion.

We have a joint account, and then I have one that my mom is on because when she gives me money she just transfers it to that account. I pay all the bills and maintain our budget because he is horrible at it and then at least I am using my accounting degree for something. He gets an allowance to a separate checking account when he is gone, because as I said.. he is awful with money!

We have both, our own and then a joint one. I handle all the money though, I don't think he knows how to get to the joint one.

we are not married but have been together 6 yrs. we have separate but discuss all big purchases and are aware/ involved in each others finances. when he is deployed i have access to his account as i handle all his bills, but other than that we each handle our own finances usually switching every other month he covers rent i do bills then the next month we switch. that is what we do when we live together right now we are living in diff. states so we each pay our own, and help each other out as needed

We're married, but for now we have seperate accounts. Once he's back we'll probably get one together too.

Married. I have my account my money goes in to. Then we have his account that his money goes in to but his is a joint account. hehehe

We each have our personal accounts, and a joint account.

I take care of the day-to-day bills and budgeting and he is big on the stock market and bonds and retirement portfolios and such (which I don't really understand...). I plan for the now and he plans for the later.

There is a set amount of each paycheck that goes into our separate accounts, our "fun money" which is ours to spend however we wish without objections from the other spouse. We've never had a fight about money. Our money situation is working out well as we both have a good chunk of money in our personal accounts and our joint account is doing really well, too--no where near what we're hoping to have by the time we relocate and buy a house, but we're working on it!

We've had a joint account since we were engaged- before we ever lived together. It works out great for us- no problems.

We will have a joint checking for bills and things to buy together. A joint savings that we will both put $20-40 in a pay check to save for things like vacations and other rainy unexpected things. Then we will both have a separate accounts for our own fun money and our individual bills (ie, my student loans, clothes, outings with the girls).

We're going to have both. Currently, we each have seperate, but we are going to have a joint that the budgeted money for bills goes into. Thankfully, the car payments are pulled out in allotments, so the left overs are intended for groceries, cell phones, and necessities. The sep. accts are meant to save money. :)

He spends money and tends to forget he spent something. Next thing you know, he's in the negative. So the joint account is intended for me to monitor and say "enough!" when he's spent more than we need to for that pay period.

we got a joint account before we got married too, since we knew it made more sense and was easier to track our money. we talk frequently about what bills are coming up but it's been easier since he's been deployed because i am the only one who pays the bills out of the account. i know when they are due and what we have.

We have both. Our joint account doubles as his personal account. He gets x amount per payday to play with the rest goes to bills and household needs. I manage our money, pay all the bills, pay down debt and budget all of it including savings and his "allowance".

we have a joint account (my only account) and he also has his seperate...we're not married yet, but we live together...right now, I'm paying the bills cause he's deployed. my pay and his deployment pay and per diem go into our joint account, his pay from his civi job goes into his other account. it works for us...we'll combine our accounts completely when we get married, but for now what we are doing works

We have both, for us it works. I honestly think I would be getting too upset if I saw that he was spending money on things that I thought would be a waste.