OT Married Crew: How did you combine finances?

phatguy88

OT Supporter
Nov 8, 2005
22,712
boston
Got married two months ago and both of us have separate bank accounts/CC. We want to combine everything but think about it before rushing into it. Do you have multiple accounts? (Like one for bills, one for direct deposit etc)

Any tips/advice?

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TheRightToRemainSilent

Long-Legged Mack Daddy
Mar 31, 2001
77,690
a trash can
i know people in their 20's with both joint only and separate only accounts.

i also know people in their 60's with both joint only and separate only accounts.


myself, i would never even have conversation about having a joint account......that may also be part of the reason i'm not married :hmm:
 

TheRightToRemainSilent

Long-Legged Mack Daddy
Mar 31, 2001
77,690
a trash can
what sours me most are the guys i know who make all the money in the household, but their wives take care of all the finances....

those dudes don't have shit for the most part and it leads to having a wife with a champagne taste and a beer budget.
 

Jumpem

Well-Known Member
Oct 9, 2002
40,065
One checking account that all paychecks get direct deposited to. I have a savings account that I direct deposit to each week. It gets used for whatever either of us needs.
 

Peter Gibbons

OT Supporter
Oct 15, 2003
8,468
Every couple is different, there is no one size fits all answer, but you seem to get that.

We have two checking accounts, only because one was mine from when I was single, and the second was a joint account we opened while dating but living together before fully merging finances.

Now they're full merged. We have a full slew of investment accounts.

Know that may people who think they are maintaining "separate accounts" to protect their money in case they split, aren't. Pre-martial assets are pre-marital. Marital assets in most states and most circumstances, are going to be marital, even if you "only ever used that money for strip clubs" or whatever other system you have.

That said, splitting the finances up can allow you to have individual control which may help balance out disparate feelings about how to manage money.
 
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smell my finger

strive nonetheless towards beauty and truth,
Aug 8, 2001
93,003
N NJ
each have our own checking and cc accounts but one retirement/main savings account. we kinda divide up the reoccurring bills from our individual checking accounts.
 

Jumpem

Well-Known Member
Oct 9, 2002
40,065
I don't understand wanting to keep them separate either. Determining who pays what bills, who is paying for the groceries or gas this time, who is paying for dinner, who pays when the house needs to be repaired. It is so much simpler to just have joint accounts to contribute to and pay from.
 
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phatguy88

phatguy88

OT Supporter
Nov 8, 2005
22,712
boston
I don't understand wanting to keep them separate either. Determining who pays what bills, who is paying for the groceries or gas this time, who is paying for dinner, who pays when the house needs to be repaired. It is so much simpler to just have joint accounts to contribute to and pay from.
Agreed. I was wondering how people handled bills (like making an account for just bills)
 

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