Married People - How do you handle finances?
 

Do you have a joint bank account? Do you separate money and accounts? What about savings? Does one person pay more than the other?

That is really important question, and it's kinda fucked :)

I have wondered the same thing.

I had a joint account and a offshore account on which she knew nothing about

Everything is spread out offshore in various banks, countries and companies she knows nothing about.

In other words, she ain't getting shit.

Smart man. :thumbsup

Shes richer than me, so its in a joint account.

Smart a$$. :pimp

Seperate bank accounts and a joint account. We each put a set amount into the joint account each month. All the joint bills (mortguage, bills, food, car payments ect.) come out of the joint account.

All investments, savings and selfish luxuries (video games, sports, toys, ect.) I want, come from my own account.

My recently married friend does this now. Two days after he got back from honeymoon his new wife went out and bought a new car. So now he has to put more into the joint account to pay for the car. He has a motorbike. His wife is also now taking motorbike lessons as well. Then she'll want her own bike which he'll have to put more money into the joint account for as well.

If I ever get married, nothing will change. I own my house, I pay the bills. Then if we split up its still my house and she aint getting shit :)

She's better at managing the bills than I am, so everything gets put into a joint account where she manages everything.

Yeah yeah... call me stupid. Doesn't matter. If I had to do as much as I do and manage the finances, well... the finances would never get done.

don't have to worry about it now still available and single.

:thumbsup

:thumbsup

FACT: Couples who keep separate accounts are psychologically preparing for divorce from the very beginning, and will likely end up there pretty soon.

They sound like some intelligent people.
:thumbsup

That's pretty much the way I see it too.
There's 0 trust, respect or faith in the marriage right from the get go.

Joint account here, have had it for 20 years with no problems. My wife handles the finances because I am an irresponsible fuck with cash and will blow it on useless stuff


spaz

Similar here. I tend to overdraft all the time due to not keeping track of shit, so I make the money and she handles all the bills in our joint account.

We had separate accounts when we both worked, but once she got pregnant and stopped working (for an employer - she busts her ass at home with our son), it didn't make sense to have two accounts.

True, there is risk involved, but marriage is all about the cost-benefit tradeoff of risks and benefits. Money is just one facet of the equation.

Besides, if you want to look at it from a cynic's standpoint, I make all the money -who's to stop me from continuing to do so if I became single? My bills would just decrease!

In the end though, I'm happy with the way we have things setup, and my families financial state of being is better because of her great financial management skills.

We have our own Checking + Savings accounts and a joint account. ALL $ goes into the joint first. All bills are paid. At the end of the month after all responsibilities are taken care of and bills paid and CCs paid - we split the remainder and put it into our accounts and can do with it as we please.

Oh and I handle the finances. If she was allowed free reign we would be completely FUCKED in no time. She has no concept of money. Which is probably why my account is loaded and she has 0.58 in her account :)

I am the one who works, she runs home and kids, she gets everything she wants but i tought her wanting less.

Joint account which I am about to change to separate, and I handle most of the bills. It is difficult to keep track of 2 people spending when one is clueless of the balance and the other has the entire burden of managing it.

That would be a PAIN! It sounds like 3 accounts is the way to go. Joint for regular spending. Seperate for the rest. What happens when you go out to eat together though? Things like this could get confusing. I'm not talking about a date, but more of a casual thing. I say split it or pay every other meal like you would with a friend.

There's not enough wives here to get a true answer to the original question.

Take whatever the guys say with a grain of salt.

I give her my bank cards and let her buy whatever she wants. Over 5 years married now, she's never bought anything I had an issue with. She brings in way more than she spends, and I think keeping seperate accounts is silly, cuz you end up keeping buffers in each that could be used for better things.

Joint account here, everything pooled. We both work, and she doesn't spend disproportionate amounts of money on things she doesn't really need. We have credit cards in our own names (can you even get a joint CC?) which are funded from the joint account.

If things went tits up then in theory she could clean out the available cash in our account... but she'd still be liable for the mortgage...

I wish it was that easy sometimes .It's always half of everything.even commonlaw they can be paid along with their kids from another father

My wife says that she wouldn't necessarily demand half of everything (which could potentially include FUTURE earnings of my business) if we ever split, but if a relationship ends in divorce who really knows what could be happening by that point. :2 cents:

My friend told me to get a prenup that specifically included any of my business assets and income from divorce proceedings. DIdn't do it.