Quote:
Originally Posted by alltherage
Just a quick question. When you got married, did you share all accounts, keep money totally seperate, or make some hybrid of the two? How did it work?
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We combined all of accounts, debts, and savings. All revenue and expenses go through a joint account. It has worked well for us for 7 years now.
For gifts to each other, we each have one small credit card that we use for such occasions. But, the bill payment still comes out of our joint account so there are no long term secrets. For really big gifts, like say a vacation, we talk about them first.
For day to day spending (wasting) any small amounts are generally left up to each of individually. When they start to add up, we talk about it. Once in a while, we can each get away with spending a couple hundred bucks on a luxury item, but more than that we talk about it first.
As you can see, communication is key when it come to money. It is also key in almost every aspect of the relationship.