re: Married folks: bank accounts and bill paying question

quote:

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Joint. What's mine is hers and what's hers is mine. Seriously. We share common financial goals so I can't imagine it any other way. Anything less than $100 purchase we don't need to discuss. Any more and we'll talk about it first. Before you ask, I make twice what she does and it doesn't matter.


This is exactly what the wife and I do.

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Same here. Merged them into 1 account soon after getting engaged so that we would have a handle on it by the time we were actually married. There were a few fights at first and she felt like she wasn't putting in as much (i double her salary) but I've always preached that it was our money, not to worry about who makes what.

Some will poopoo the idea bc it's Dave Ramsey, but a financial peace class before marriage is a good idea too. Having the same understanding of money and debt, as well as the same goals for saving and retirement makes life so much easier on a young couple.