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re: Married baws - how do y'all handle finances

Posted on 3/29/17 at 9:19 am to
Posted by UpToPar
Baton Rouge
Member since Sep 2008
22215 posts
Posted on 3/29/17 at 9:19 am to
quote:

It makes divorce easier too.


Not really. Keeping everything separate doesn't make it separate property.
Posted by Pecker
Rocky Top
Member since May 2015
16674 posts
Posted on 3/29/17 at 9:20 am to
quote:

Not really. Keeping everything separate doesn't make it separate property.


It was a joke. But I didn't mean from a legal standpoint. Just from the standpoint of each party already having their finances in order.
Posted by Turbeauxdog
Member since Aug 2004
23386 posts
Posted on 3/29/17 at 9:23 am to
Wife's income (after savings) goes to a separate account to cover all home expenses. Mortgage, taxes, insurance. In Houston, that pretty much eats up everything she makes.

My income goes to a joint account to pay for everything else, which is basically living expenses since we don't have any other debt.

We fund separate checking accounts for each of us with a budgeted amount. That's the spend on whatever you want no questions asked budget.

Has worked well.
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