The wife and I have been arguing over money. Wouldnt it just be easier to have separate checking accounts, and pay the bills separate. She seems offended by it. Interested to hear if this worked for anyone else.
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The wife and I have been arguing over money. Wouldnt it just be easier to have separate checking accounts, and pay the bills separate. She seems offended by it. Interested to hear if this worked for anyone else.
yes, that is what we did and now my bills get paid on time,and i give her money on half of the morgage and ulilites to pay and she pays her own bills,,it seemed it was ahole lot of preasure for one to do it all
Lol my wife and I are the opposite. She at times talks about getting separate checking accounts but I pay the bills and my check book is always perfectly balanced and when she was running her own check book before we got married she did some kind of rounding off method so I told her no.
You need to be aware of the possibility that she may think you are wanting to hide money for what ever reason.
What I used to do with the Ex was both put everything into one account, paid the bills and then each transferred the difference from our input to 1/2 the bills and total put in to our own savings accounts leaving $100 ($50 each)i n for clerical errors. Gas for my car,lunches, ect that were my personal expenses came out of my savings and same for her.
My only concern was that the bills be paid first before anything else. Neither of us ever had any problems with that. There was only one check book for bills, and We paid them all online.
Everyone knew what money was there at the get go. The bills were paid and both were in on all steps.
We never fought about money.
:twocents
Cheers
Doug
I think it is going to be tough to change horses in the middle of the stream. Almost like you can't go backwards. It probably would be a good idea, especially if you started out that way. People resist change like crazy.
We always fight about (no) money. It comes from only one paycheck (mine) and goes into a joint checking account. I have to try to pay bills real quick, before she spends it on less-immediate needs. I have threatened to cut her off and get my own account, but only when I was mad.
I gave up a while ago, though. I threw in the towel, I assumed the Stones worst nightmare... now I am just a Beast of Burden. I guess I always was. It doesn't matter, though. I really am happy with just a little fishing money. If I didn't have her, I would probably just live in a shack on the beach, and I wouldn't spend a whole lot of money, even if I could.
What you need is a budget.
YOU both need to know what it cost to live each month and then what to do with what is left over.
What is your financial plan?
What are your goals?
What is your plan if one of you gets laid off?
Put the power bill on yearly average and let it adjust every year. Do this to whatever you can.
MOST important!
Use the Cabela's club card to pay every thing, then pay them off every month.
They YOU use the points for all your toys.
But Honey It WAS ON SALE!
I agree on the budget. If You both know where the money is going to have to go, then there will be no need for separate accounts. Also if You have not done so, save enough money for 3 months of Your incomes in case of emergencies. Also make a list of short term wants and long term wants. Yours and hers. Take turns on acquiring the list. Work as a team cause that is what You are.CF
A lot depends on personalities and your relationship. My wife and i started with separate checking accounts 10 years later we still have separate checking accounts. Like anything it has it's advantages and disadvantages. But it works for us.
She makes about same amount as me so it works out okay. We used to split everything to keep it simple. Now a days she pays for childcare and I pay most of the bills. We help each other out when needed. And she gets to spend her extra money and girl things and I get to buy dude things. We NEVER argue about money which is really nice.
We have several joint savings accounts that we both contribute to on a regular basis. We use those for large purchases like home repairs, vehicle repairs, vacations, etc.
A budget is a must. We are fortunate that our debt is fairly low and we don't live paycheck to paycheck. We both see the value of saving for our retirement and have put a lot of focus on that. When we first got married we saw a financial counselor for advice. He pretty much gave us a list of things that we needed to do to protect ourselves financially and we've stuck to that plan and it worked out well. He didn't even try to sell us anything or charge us for the consultation. He said he was so thrilled to see young people interested in financial security.
Good luck.
I look at it as a partner ship. My wife does the check book and I trust her.
My wife and I have 1 account. The bills get paid, she buys and I buy what we want within reason. If it's smothing big we'll discuss it first, before we buy. ( she doesn't work ) Her not working has nothing to do with 1 account, we could easly put money in 2 accounts.
Separate, but both have ownership to both accounts. You folks make sure of this. Just because you both can write checks on both accounts does not necessarily mean that you have "ownership". I learned about this years ago while talking with my banker.Our accounts are at separate banks.
That being said, I have all the bills bank drafted out of my account and Doris buys all the groceries. She always has more money.She says that is the way it is suppose to be.
Well, with this govt Sequestration coming in April if a budget is not passed, I have began looking where I can cut things. The furlough cuts 10% off of my salary, which isnt so bad, except its donr over a 6 month period of time. We have a set budget. It just seems we should be saving and thats not always the case.
It is hard to save when the government is taking the small amount You could put away. It is hard to cut back and for some, they are already cut to the bone.CF
Yes, if Sequestration is implemented, there wont be nothing to save, period. I pray it doesnt happen, but in reality, they aint passed a budget in how many years? What makes this year any different? I say its coming, and when it does, I will not be buying any minnows :)
Buy a cast net now and catch yer own minnows ;)
Just wait til she finds out your airing it out on Crappie.com ;)
I told her. I wear the pants in this house lol
We decided to keep 1 checking account... for now.
I'm feeling the furlough heat. It sure will be nice to have a few more days to go fishing (22 work days between Apr and Sep) but too bad they are not paid. I hate to lose the money too, I live from paycheck-to-paycheck. It is gonna hurt, because pay has already been frozen for 3 years, while living prices sky-rocketed. But it could be a lot worse...Quote:
Originally Posted by undertheradar
...it could be Ryan Seacrestration.:crazy:rotfl:Rofl
Boy that really sucks when Your taxes are getting raised and Sequestration furloughs You too. Those Ding Dongs in DC would argue about the color of $hi^ just for the sake of arguing or just because someone stepped up and said what color it was.CF
LMAOQuote:
Originally Posted by Idunno
Yessir.Quote:
Originally Posted by crappiefarmer
And took a week off work, they got balls don't they?
They got something.