Re: Merging Resources in a New Marriage
We have always maintained separate accounts, but it is all "our" money. His is mine and mine is his - there is no distinction. As Princess Perky said, if you can't trust the other one, then that's a pretty big problem in and of itself! Dh pays the mortgage, property taxes and business taxes. I cover everything else. When we were two fulltime incomes, it was easy enough to divide up bills. Now DH writes over every other paycheck to me. He also sends any extra money my way, to put into savings. I spend more time looking into savings, CDs, etc. (Although he funds the 401k through his paycheck.)
Works for us - but we're not a couple that has ever argued about money. We're very compatible that way. We have similar goals and outlooks when it comes to saving and spending.
I also keep a spreadsheet that tracks the total of our checking and savings on the first of each month and share it with DH, so that he knows exactly where we stand. We use the same cc and can both log in online at any time to see our current balance.
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