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Hey fishes. I am L3 DLS Case Specialist (non tech). I am from Rajasthan and been working remotely since I joined Amazon.
However, company is calling us office and I am tagged to HYD office. I have a family so it's not feasible move out .
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Married nearly 20 years. Separate accounts. No problems.
Joint account or you're not really married. Are you a team or not?
Having had it both ways with my SO, I definitely think that having a joint account for your joint expenses makes you feel more like a team. Otherwise everything is a financial negotiation between two opposing parties to some extent. It's important to also have your own discretionary fund for individual purchases though. I'm obviously kidding about not being married if you have seperate bank accounts. But only slightly kidding.
☝️Same. Closer to 10 but still.
SO or spouse? If not spouse, keep it separate. If spouse, one account.
My fiancé and I have a joint account but it is only used for house stuff (groceries, utilities, mortgage, etc..). I prefer having my own money separate but like having an account for shared expenses.
Maybe a joint one for household expenses only. My SO has no head for finances, and also got conned out of about $10k (likely more than that) recently. Next time when he has a job, I am going to ask him to keep his paycheck in his own account. He will have to ask me next time he is feeling that generous. We would have lost less if it weren't a joint account.
I'm in a similar position to CD1 in that I make significantly more than my spouse - in my case 4x. There's literally no point in having a joint account because anything substantial comes out of my check anyway. I should note my spouse is totally cool with this arrangement as before we met he had no concept of financial management (worked for his family, his mortgage was "part of his comp," etc). And when he does pay for something (or buy me a gift) it's a nice surprise that doesn't leave me worried he spent without thinking of upcoming bills.
@CD & Digi not even a joint account for household expenses?
Nope. I make 2x what she does. I do mortgage, maintenance (co-op), car payment, eating out, tuition. She does groceries, utilities, insurance, social stuff, nanny, after school activities. We're basically broke by the end so it works out. We also agreed not to spend more than $1000.00 without discussing with the other.
Why VML? I can't think of a real advantage to a joint account.
Money = team?
I guess CD isn't really married then 🤔
We have a joint account which we opened with gifts from the wedding. Any suggestions on how to begin putting away money in said joint accts? Do you put a percentage of your paycheck? Or a fixed amount?
We have both. Joint bank account pays for stuff like rent, food, utils, but we both maintain our individual accounts for whatever else. We figured out how much we spend each month and we both deposit that amount into our joint account to cover expenses each month. On top of that we have a joint credit card that we use when we're out doing things together, which gets paid off from the joint bank account each month. We both also have our own savings accounts which we contribute to individually, and that's basically whatever is left over after expenses.
CD1 is married.
A joint account requires a lot of trust, commitment, and communication. In a subtle way, separate accounts suggest that those things might not be where they need to be in the relationship. Proceed with caution.
We have both. Joint that most money goes into to pay joint bills (rent, car, insurance) and the we both have individual savings accounts
GSW, whoa. Sorry to hear that. Do you still trust him?
Joint only for house stuff. Own accounts for everything else.