I recently got engaged. My fiancé makes a little less than me but overall we both have good salaries. We've been discussing if we want to combine accounts or keep them separate, with or without a mutual joint account for shared expenses. Looking for advice one way or another and what methods have worked for other couples.

like
Posting as :
works at
You are currently posting as works at

Combine once married. My philosophy is you’re a team and need visibility into all accounts

likehelpful

Are you going to be together for life? Or is there a 50% chance you won’t?

My husband and I added each other to all of our accounts for visibility, but our checks go into our respective accounts and then he takes certain bills and I take certain bills. Been working well for the last 10 years.

likehelpful

We has separate accounts for the first year of our marriage. When we relocated we primarily put our paychecks into a joint account and put a percentage into our main personal accounts. It works for us but not for everyone. My husband is tight with money so I don’t have to worry about the other person doing crazy spending. Pay attention your partners spending habits before taking the plunge.

like

For life planning purposes, make sure you have your own credit cards and bank account - in case anything happens (death, divorce), it’s important to have that in your credit history

like

Same position. Following!

(We are currently not joint but making the slow transition to joint)

like

We have a hybrid model. We have joint checking, savings and two credit cards. Paychecks go into joint accounts but we try to save one entire annual salary and live off the other one. We each maintain separate individual accounts as well, same for investments. We jointly invest in real estate.

like

We have joint account that all money goes into and then individual accounts where we each get the same amount of spending cash for non-joint expenses. We agreed on the categories of what is joint and not. This way we both get the same discretionary amounts regardless of who is making more - we have gone back and forth on who makes more over the 15 years we’ve been married.

like

I’m married, we keep ours separate but we have visibility and access to each others accounts. I preferred it this way just because I wanted to feel like I still had a bit of financial independence etc. Also we are married out of community of property for no other reason than the fact that we got married overseas and thats just how that country issues marriage certificates. We still plan financially together and buy stuff in both our names and we have savings targets and a combined savings account but I like it this way. Also its not every person who is fortunate enough to marry someone where you understand each other financially and share the same financial goals. I would advise keeping finances separate until you are confident you are both partners and share the same vision for your futures financially (even though the general expectation would be you should if you are considering getting married but thats not always the case).

Joint checking after marriage. Our investments are separate but we have visibility into both.

All in one pot for us. All checks go into one account which we use for all bills and fun stuff. Open communication is crucial, but we’ve had no financial issues since merging everything 3 years ago.

Not married but living with my partner. We have a joint account for rent/other expenses and our own separate accounts. Will probably keep a hybrid model but increased visibility into personal accounts if we get married

We have separate everything. But every month we categorize all our expenses and compare against our budget so everything is transparent. Honestly we’re just too lazy to decide which accounts are better (his checking/savings has atms in our location, but mine has better locations nationally) so we keep everything. This definitely won’t work for everyone, but our attitude is that all our money and expenses belong to us both so it works. We don’t have kids, but if we do we’ll likely need to re-evaluate. Different things work for different people!

I think I’ve seen it work best where everyone has individual accounts and agrees to put X% into a joint account.

Main checking is shared. We each take a nominal amount from each paycheck into our own savings account for ATM access etc. we discuss any large purchases before hand. We each do our 401k’s and anything over our shared savings is invested together.

3 accounts. Yours, his and the joint account for savings and bills. Decide what stays in personal accounts and move the excess cash to the joint account. For direct deposit set the same % of cash for each individual to their personal account. That money is theirs to do what they please with without asking. The joint account can’t be touched without asking. Fiancé and I plan on 20% to personal accounts and 80% to joint

Joint accounts for everything. Some credit cards are in his name and some in my name, but they all get paid from the same pot. I handle the finances/bills and he handles investments. No problems in 8 years of marriage

We share joint checking, savings and 2 credit cards, and each have our own individual accounts with a small % of our paychecks for spending on whatever we want. Most investments are still separate but added each other as beneficiaries - mainly out of laziness 🙂 been married 5 years, together for 9

Same, joint account. I was super nervous and hesitant at first. But we’re a team and building a life together...I think it’s more work to try to separate things. Just have open communication and understand your partners spending habits.

Related Posts

What do you guys think about consultants that charge agencies for their services? I’m new to the model and curious if it ends up being worthwhile?

helpful

Sorry if there is a better board for this question. We are not yet pregnant. Are there any other Firms out there that offer financial assistance with IUI, IVF, egg donation, surrogacy, adoption?

like

Currently resigned my job as a Test Engineer without a plan B (because my actual plans fell through). My primary work experience is in Manual Mobile Application Testing, Test Planning, Blackbox testing and API testing. Where do I go from here?
What skills can I learn to prove to be a more worthwhile candidate?

like

Does tcs reimburse ful body checkup cost?

like

Just had the last interview of the second stage which consists of four 45mins interviews with different people. I got the feeling that the last interviewer wasn't focusing on what I was answering to him. No small talk in the beginning and he was slightly laughing where there's nothing to laugh about while I was doing my introduction. He also asked me the same questions (at least that's how I interpreted) and I had to repeat the same answer. Continue in the comments:

like

Is there irony in the fact that HR and leadership of sales organizations ghost candidates? The very people that stress over prospects disappearing turn around and do the same thing to people they've interviewed 2, 3, or more times.

I'm 4 for 4 this month being ghosted for roles that I'm well qualified for and either advanced in the process or told I would be.

This is brutal.

like

Can you get back Virgin Atlantic miles spent on booking a reward delta international flight if you cancel the flight due to coronavirus?

like

How much should i be making as 5 year experienced hydraulic molding press machine set up?

like

Interested in what googlers think will happen beyond September regarding work arrangements, hybrid flexibility? 🤔

like

Weshalb bist du in den USA?

like

What is the interview process in cognizant for 6 years experience?

like

Hi Fishes, How is Collabera with permanent position and having end Client as Shell india markets pvt ltd ? Since, this will be a model to work from Client Location, will there be any sword hanging around Job security and Work life balance? Notice period mentioned is 30 days from Collabera. Collabera technologies Collabera Shell india markets pvt ltd Shell

like

Is there anyone from Amazon India, I need a referral for, Network Engineer Job ID - 2032546.

like

Current: 100k Federal Consulting
Offer 1: 125k / 5k signing (commercial) KPMG
Offer 2: 130 (commercial) EY
HCOL
What do you guys think?

like

New teacher here: I have a collection of bins of books from garage sales, giveaways, hand me downs, etc. Looking for organization tips and best apps/websites to quickly level them!

like

Does anyone have any advice on how to shift from a specialist (paid advertising) to a more strategic (in digital marketing) role? I've been job searching for a couple of weeks and would love to be considered for roles outside paid advertising but it seems to be extra challenging this time of the year.

like

McKinsey & Company Are there any jobs for BA in Energy and Sustainable/ Renewable domain? PwC Tata Consultancy Cognizant McKinsey & Company Deloitte

like

How much should a senior copywriter make? Please include location. I might have already lowballed myself and I just want to check.

like

Thinking of moving intracompany to West Europe (UK, Germany, Netherlands) Pay is almost 40% less adjusted only for currency (haven’t looked at PPP) but work life balance much better. Thoughts?

like

In your experience what certifications have led to an increase in compensation? Currently a BI Analyst but open to exploring more programming/IT. Current language knowledge is python, sql, some R. Also, what are some roles that I could transition into with said certifications?

like

Additional Posts in Women In Consulting

Anyone buy an inversion table? Results?

like

When did you start going gray? I’m almost 31 and have found a few grays in the middle of my head. I have dark hair. Thinking of just letting it be as it will make me look older? I have a young face

like

Has anyone gone to see a nutritionist? What was your experience like? Worth it?

like

Hi ladies! Need your opinion and advice on a slightly awkward topic
I recently started dating this guy. He is really good in bed (well endowed, good stamina, great foreplay, etc). But he doesn’t cum after sex. Our sex routine normally ends at either of us getting tired after a long run but not him cuming. We’ve been together for the last 4-5 days and have done it many times (early phases of a relationship). And he came only once.
Is this something I should be worried about? Does this mean

like

I’m a 25F and just took up a Manager position in a consulting firm. I have 6 people reporting into me- all my age or older. I’m having trouble making the team take me seriously as a boss bcz of age

like

Sometimes I don’t even realize all the emotions I’m holding onto until I start thinking about something and start crying

likefunny

I did what I thought was an informal info chat with a team about an opening. The team lead( Sr. Dir) called my VP who ended up calling me wondering what was happening. Why would the team lead do that? Is there benefit in asking him? Or is this a sign of his working style and what I consider low EQ.

like

How do you deal with overbearing mother? Mine can’t come to terms with the fact that I have my own life, travel, live far from home, etc. and always compares me to her friends whose kids call daily...

like

If you friend or SO had a bad day (eg difficulties at work), what would you do to cheer him up remotely?

like

Friday night check - in! How’s everyone feeling? I have another couple hours of work then I will get in a workout + wine to unwind, then see what’s on Netflix. Bummed that my online orders didn’t make it by end of business week to cheer me up!

like

When the best part of your workday was your OBGYN appointment.... you know it’s been a rough one.

likefunny

Devastated...breaking up w SA after 4 years together right as I thought we were planning for marriage..hate the monster dating game

Recommendations for a good therapist conducting virtual visits? Particularly interested in someone who specializes in stress related to work and family. Female preferred. Thanks, ladies

like

Has anyone just been feeling pretty sad and down these past few months? I’ve never really felt this way pre-pandemic but now no matter what I do (workout,talk to friends, yoga) I still feel waves of sadness. I live in a cold city with strict covid lockdowns so I know that that is contributing to my sadness but just wanted to see if anyone else feels like this and how you are coping? I also haven’t traveled or gone on many social outings since last March so Ik that is taking a toll on me as well

like

Been passed over for promotion twice (had support from multiple partners both times). Received the top performance rating every year since joining the firm (6 years), which I’ve heard is rare. When passed over, the partners say there were others who have been waiting longer (not necessarily with the highest ratings) and that I should “keep doing what I’m doing” and basically wait my turn. Anyone else face this and have any suggestions/guidance?

like

Hey ladies, how to make 2019 less toxic and more of self love in this consulting world? Suggest your own ideas.

likehelpful

Talk some logic into me please. Been seeing someone for 2 months. We both agreed we aren’t ready for exclusivity & don’t know if we see long term with each other (both have been divorced & hesitant to hop into anything) but that we wanted to continue to see how things develop. We both been on dates with other people. He shared he went on a 2nd date with someone last night & it went well. Why do I feel so cruddy? I’m thinking about what if he likes that person more than me, & commits to them

like

Do any of you ladies have in-laws who live close by & insert themselves into your lives ALL THE TIME? I feel so overwhelmed by them, but my husband thinks it’s NBD. (Continued)

Have you ever been rolled off a project early, even after getting good feedback? Is there something wrong or just the needs that changed? Can't help but feel hurt.

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Send download link to your phone

OR

Scan your QR code to download
Fishbowl app on your mobile

By continuing you agree to Terms of Use and Privacy Policy.

Messaging rates may apply

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal