Married with accounts

I definitely disagree with new couples having separate banking accounts as Clark alluded to. We have been married almost 44 years now and have one main checking and several savings. I feel marriage is not a full commitment when you have separate accounts. Call me old fashioned; I don’t care. Another piece of un asked for advice to couples. Keep communications OPEN.

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I think a lot of that depends on where you are financially when you get married. In my case, my wife (25 years) and I were about the same position with little savings and little debt and we each owned our cars and rented apartments. So in our case it made sense to just blend everything financially.

However, if something were to ever happen and I was tempted to get remarried, there is no chance that I would blend our finances. We have achieved a significnat net worth and I am not about to let someone else piggyback off that success.

You are spot on about open communication. I think thats a cornerstone of a good marriage.

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My parents used a joint checking account. It was a constant nightmare. Always having to keep each other notified when one of them wrote a check, etc.
Therefore, when I got married, I told my wife to keep her own checking account.
Based on our incomes, we split up the bills. I paid the house and car notes, she paid the household utilities. We each paid our own credit card bills.
This has worked out very well for us.

Well if it worked! :slight_smile:

Marriages come in many flavors today, they range from total commitment and dedication to one another to casual living arrangements and shared expenses.

Marriage ain’t what it usta be. :roll_eyes:

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That is so very true!

It’s still going well after 51 years! :grinning_face_with_smiling_eyes:

Good for you! That’s a rarity these days! Takes hard work.

Wife and I are working on year 53.

I love and respect people from Venus and she puts up with people from Mars!