How do you handle bank accounts with your SO?

[s0me0nesmind1]

The reasons we divorced were all her faults. Totally uncontested and I stipulated her debt created during the marriage was completely her own. She could not fight it and gladly signed away. She had no choice.

Sounds like she was too stupid to get a lawyer that doesn't have mental retardation...

 

[boomerang]

Jointly owned accounts but I handle the money. We play a little game in that when I drive she's got to pay and when she drives I've got to pay but the credit cards both have companion cards so we're both responsible for the bill. She got a Kohl's card unbeknownst to me a number of years back when they offered her some big bucks off a purchase. She forgot to pay the CC bill and it's a mark on her record. Any questions on why I handle the money and pay the bills? I haven't paid credit card interest in many, many, many decades but if she payed the bills...

I've got her as primary on one of the credit cards and I think our next car I will put in her name. I realized about five years ago that based on her family history she will more than likely outlive me by about 20 years and that she needed some credit established. She's established now, in fact her credit score is higher than mine by about 5 points. I have no real clue why mine is lower but it may be because both the cars are in my name and technically I'm carrying more debt.

 

[Platypus]

We have our own separate accounts

 

[lxskllr]

We have our own separate accounts

Do you guys share clothes? That always bothered me with my exes. I like my stuff to be mine, and I want it available when I want it. Girls would wear my stuff, but it wasn't reciprocal, cause none of theirs would fit, and it would look pretty stupid. I was excited to score some boxers when I split from the wife, but it turned out they were women's. No fly :^S
I wore them anyway. Beats nothing :^D

 

[highland145]

Do you guys share clothes? That always bothered me with my exes. I like my stuff to be mine, and I want it available when I want it. Girls would wear my stuff, but it wasn't reciprocal, cause none of theirs would fit, and it would look pretty stupid. I was excited to score some boxers when I split from the wife, but it turned out they were women's. No fly :^S
I wore them anyway. Beats nothing :^D

lol

 

[purbeast0]

Both of our paychecks go into my account that handles all of the bills and my own spending money and it's also our funds for buying necessities, going out to dinners, etc. We also use it for our travel funds. Then when she gets paid I deposit some money into my wife's account. She doesn't have access to my main account but I have access to hers. I also have a savings account that I don't really put any money into since it's already got a decent size chunk in there and I have some money from iOS/Android apps going into there but it's hardly anything at this point cause my apps are old and not relevant anymore.

 

[Oyeve]

Sounds like she was too stupid to get a lawyer that doesn't have mental retardation...

this is a stupid post. Why would she need a lawyer? you know nothing of the circumstances.

 

[BarkingGhostar]

This poll reveals more about trust than anything else. Then again I've been happily married for a couple of decades now. I must be doing something right--or not wrong enough.

 

[crashtech]

Both of our names are on all our accounts, but she has one for her daily expenses as do I, and one that we use for the mortgage, utilities, etc. I think it would be a pain to reconcile an account that had multiple users on a regular basis.

 

[IndyColtsFan]

Separate accounts except for one shared checking account where the mortgage is withdrawn. I’m the only one paying the mortgage though.

 

[s0me0nesmind1]

this is a stupid post. Why would she need a lawyer? you know nothing of the circumstances.

>>divorce
>>"why would she need a lawyer?"
>>this is a stupid post

You should really heed your own advice....

 

[Oyeve]

>>divorce
>>"why would she need a lawyer?"
>>this is a stupid post

You should really heed your own advice....

Again, without you knowing the circumstances a lawyer would have been useless for her. Stop thinking out of your ass.

 

[Carson Dyle]

Once she gets out of rehab we're going to sit down and have a talk about that.

 

[ponyo]

What's hers is hers and what's mine is hers.

This is the only answer if you're married. I've joint accounts, single account she knows about, and single accounts she doesn't know about. But regardless, I just tell her everything is hers. I pay all the bills and she has free unlimited use of all the credit cards. She doesn't have her own single account because she has never had a paying job of her own. I think the last paying job she had was when she was in college before she married me. But my money is her money so she doesn't need a job.

 

[s0me0nesmind1]

Again, without you knowing the circumstances a lawyer would have been useless for her. Stop thinking out of your ass.

I'm not thinking "out of my ass".

Anyone who has ever been in a court room knows that no individual person can properly represent themselves with the sheer number of laws on the books... hence- anyone with half a brain - especially in the case of a divorce... would get a good lawyer. It doesn't matter if the person is a complete crackwhore.

No one else on this forum will disagree with me unless they have a mental disorder. You're completely and entirely wrong here.

Whatever the case may be - I'm congratulating you on having a complete retard as an ex-wife for not getting a lawyer. So take it as a compliment.

 

[GoodRevrnd]

Single joint account we contribute to equally, all other assets separate. Fun money comes out of personal accounts, even if it's stuff we do together. Never have had a fight about money (but no kids)!

 

[BurnItDwn]

I have all accounts.
She is added to Credit Card account, but, does not have her own checking or saving account.

 

[PowerEngineer]

All shared. Split would be absurd.

Not really. Joint accounts make sense for couples that happen to be equally competent in managing their finances and controlling their spending. What would be absurd is insisting on joint accounts when couples are mismatched. I found out the hard way that my wife could always find reasons to buy things as long as there was a positive balance in our checking account. The best solution for us has been to only transfer into that joint account what money she can feel free to spend. The rest goes into accounts that I control for paying household bills, savings, and big ticket items. This arrangement has greatly reduced the head butting over our budget.

 

[Dr. Detroit]

100% separate including our credit cards. No need for a joint account for bills, just write a check or trasnfer funds to the bill payer.

 

[Exterous]

Huh - I'll admit I'm a little surprised that so few have just joint account(s)

 

[IndyColtsFan]

Huh - I'll admit I'm a little surprised that so few have just joint account(s)

I don't see the point in having everything in joint accounts when you have two working professionals. The only reason we even have the joint checking account was because we got a discount on our mortgage if we opened a checking account with that bank and paid directly from that account. And as I said, the mortgage is the only thing paid from that account and I pay it. Before we used that bank, we had no joint accounts.

The rule in our house is very simple - we each have bills to pay. Whatever you want to do with your money after those are paid is entirely up to you. We split household projects as well but talk about those in advance. Having separate accounts isn't really a big deal.

 

[TallBill]

We have 3 accounts for various reasons. It's complicated, but it works.

 

[ultimatebob]

The best way to do it seems to be having separate accounts for personal expenses, and a shared account for household expenses like food, rent, and utilities.

That way, I'm not freaking out when she spends $300 at Sephora and she's not freaking out when I spend $300 at Newegg.

 

[Ns1]

We share and pray that there's more money at the end of the month than there was at the beginning of the month.

 

[Exterous]

I don't see the point in having everything in joint accounts when you have two working professionals. The only reason we even have the joint checking account was because we got a discount on our mortgage if we opened a checking account with that bank and paid directly from that account. And as I said, the mortgage is the only thing paid from that account and I pay it. Before we used that bank, we had no joint accounts.

The point would be we dont have multiple accounts to balance, do 1099s on, transfer funds between or worry about who has money to pay for what. I'm not saying it would work for everyone or that those are a ton of work but its additional overhead