Married People: Do You Have Your Own Bank Account?

Atsym Sknyfs

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I know a guy who used to get a 15000 xmas bonus every year for like 10 years. This one year at the company xmas party one of the wife's asked his wife what were their plans for this years bonus .... They divorced now ...

shyt ... I hid 14k last year... she found out and all hell broke loose. I used about 10k to do some bills and stuff so it wasnt that bad but if i blew it all on skrippers and etc i would be divorced now too.....
 

CrimsonTider

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What people like @BezO are saying isnt really joint accounts.

Pulling out a small amount of money for individual discretionary spending. Is not the same as having your income go to seperate accounts. As long as it goes to the same place and then gets divvied up equally from there, then I see no problem with that.

Our incomes go to separate accounts
 

Poh SIti Dawn

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I know a guy who used to get a 15000 xmas bonus every year for like 10 years. This one year at the company xmas party one of the wife's asked his wife what were their plans for this years bonus .... They divorced now ...

shyt ... I hid 14k last year... she found out and all hell broke loose. I used about 10k to do some bills and stuff so it wasnt that bad but if i blew it all on skrippers and etc i would be divorced now too.....
But why should hell break loose when it's your money?
 

BezO

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What people like @BezO are saying isnt really joint accounts.

Pulling out a small amount of money for individual discretionary spending. Is not the same as having your income go to seperate accounts. As long as it goes to the same place and then gets divvied up equally from there, then I see no problem with that.
I'm guessing you meant, "...isn't really separate accouts."

Agreed. All of our important money is joint. Savings, mortgages, bills, etc. We separate personal spending more for "budgeting" purposes. Having to manage a joint spending account would be a pain.
 

Atsym Sknyfs

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But why should hell break loose when it's your money?

HELL broke loose because of the amount... 14K is a lot of money.. and I dont mean over the course of a year, i got it in a lump sum of 7k each a month apart.

There's also the part that she had some bills or things she wanted or needed to take care of that I could have helped with if I wasnt so selfish.. I mean honestly, I had 14k and I cant tell you where it went. There is physically nothing tangible that I can look at and say $xxxx bought that. maybe there was something the house needed, sofa, stove, fridge, etc. At least I could look at it ans see where some money went.
 

Rawtid

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Only our personal spending money.

If we didn't separate it, we'd either have to:

Keep track of who spent what, so each person has enough.
Chance someone not leaving the other with enough.

I have a record & music equipment habit. She has a clothes & shoes habit. Someone would be pissed if they went for their fix & the money was gone. Regarding personal spending money, it matters.

I live by a budget...even for spending. So I would think that personal spending would be a regular amount each pay/month for both of you, that've you've agreed on and hopefully that amount covers things you both like to spend your money on and once it's gone it's gone until the next pay/month. I should also add that I agree a couple should have separate cards/accounts to place their spending money but that money should be dispersed AFTER the couple has agreed on a spending amount that works for them if that makes sense.

I really think the focus of a marriage should be growth...spirtual, emotional, physical and financial. I don't think you can grow financially together if you're doing your own thing money wise after bills are paid. The same way you can't grow in those other areas if you're doing your own thing and only coming together when necessary or convenient.


Oh and that's basically what you were saying, I think I didn't read throughly enough. My bad.
 

BezO

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Maybe I missed it, but did any of the separate account folks lay out how their finances work? How do you all pay bills, save, etc?

Are y'all putting half on bills & keeping the rest of your individual checks?

Y'all saving? Investing?
 
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