5 ms·
Not having the freedom to keep some money separately and use it as you see fit sounds so 1950. We have a joint credit card but I don't see why we'd ever need a
by hocuspocus 8y ago
Not having the freedom to keep some money separately and use it as you see fit sounds so 1950.
We have a joint credit card but I don't see why we'd ever need a joint bank account.
- frosted-flakes 8y agoI'm curious; how do you decide who pays for what? If you're splitting the bills for everything anyway, and since you've dedicated your lives to each other (presumably, if you're married), it feels like a pointless exercise to keep separate finances.
- lawn 8y agoYou trust each other to list what common items they've bought. We have separate bank accounts and credit cards and we split the bills most things, like groceries. But we don't look into what personal purchases we make, for example me buying Lego. It's pretty easy to decide if we should pay together or not. At least for us.
- frosted-flakes 8y agoI agree that each spouse should have some of their "own" money to spend as they see fit, but to me, it makes sense for all income to go into a single pot. Shared expenses come from the pot, while a certain amount of spending money is set aside for each spouse each week/month/whatever. Whether that money is put into separate accounts or is just two lines in the budget doesn't really matter. (YNAB would be good for something like this, and this is actually a setup the company founder suggests). That way, you never have to deal with splitting shared expenses, there's no worrying about who's earning more, and financial decisions are by default made together, but you can still buy your LEGO with your own money.
- deleted 8y ago[deleted]