Joint accounts for daily chequing and general savings. Rest gests split up evenly(ish) to our own TFSAs and RRSPs (different names for you Yanks).
I generally "control" the finances and bill-paying since I enjoy that sort of thing and she doesn't (even though thats both of our careers).
As for consulting on purchases.....We've never really done it since neither of us is going to make any sort of stupid giant purchase that is outside of our goals/needs. It just happens naturally by not buying stupid things that aren't needed.
Quote:
Originally Posted by red sky
My wife and I have a joint account that has both of our paychecks going in and all of our bills coming out. Each paycheck we take an "allowance" that we can do as we please. We each hold separate checking accounts that we transfer this allowance into. This has really worked well for us I feel. Any clothes purchases is spent from the individual accounts but hygiene stuff is from the joint account.
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I had no idea people did this sort of thing, sounds like a recipe for disaster with spouses trying to sock away as much money for themselves as they can. I can also see arguments brewing over epxenses and who should have paid what, etc.