So your argument is, having separate accounts helps if you get divorced, yet you are saying it's not a commitment issue?
It's clear you operate in a lower income bracket.
Most high wage earners will have individual accounts.
There is nothing in a commitment issue with it.
Most don't remain married forever, when that separation happens any joint account is up for grabs for whoever gets their first.
Good luck hiring an attorney for this if you have no cash to do so. They don't work except for a direct retainer in divorces.
It's clear you operate in a lower income bracket.
Most high wage earners will have individual accounts.
There is nothing in a commitment issue with it.
Most don't remain married forever, when that separation happens any joint account is up for grabs for whoever gets their first.
Good luck hiring an attorney for this if you have no cash to do so. They don't work except for a direct retainer in divorces.
Seperate. No other way it should be done. Deposit money into a "shared" account for bills only, and the rest of your money should be yours.
Keep your money separate. That way neither of you will ever judge the others fun purchases.
I agree. It's not about commitment at all. It's about ease of management and communication. If you don't want to have to discuss every charge, deal with cash collisions(2 people overdrawing an account) and get the third degree, it's easier to have 2 accounts and manage your own pool of resources.It's clear you operate in a lower income bracket.
Most high wage earners will have individual accounts.
There is nothing in a commitment issue with it.
Most don't remain married forever, when that separation happens any joint account is up for grabs for whoever gets their first.
Good luck hiring an attorney for this if you have no cash to do so. They don't work except for a direct retainer in divorces.
That is what the credit card is for.
I agree. It's not about commitment at all. It's about ease of management and communication. If you don't want to have to discuss every charge, deal with cash collisions(2 people overdrawing an account) and get the third degree, it's easier to have 2 accounts and manage your own pool of resources.
My wife paid her student loans off in a few years and I paid the mortage and living expenses while she focused on that. We're still keeping things separate now and she's handling childcare expenses, car payment and savings (trying to catch up to me).
Everyone needs to find what works for them and decide what they feel comfortable with. Everyone's income and expenses are going to be different. In a single income family, it might as well be joint....but trust is key in any relationship.
I'm the loose canon when it comes to spending money in my household, but only because I am efficient at saving when I want to. I'll cook cheap meals for weeks, buy things I'd need to buy anyway at 50% off....calculate the savings and then buy a bottle of scotch to celebrate.
Define high wage? And where do you even get this info other than your opinion?
I agree. It's not about commitment at all. It's about ease of management and communication. If you don't want to have to discuss every charge, deal with cash collisions(2 people overdrawing an account) and get the third degree, it's easier to have 2 accounts and manage your own pool of resources.
My wife paid her student loans off in a few years and I paid the mortage and living expenses while she focused on that. We're still keeping things separate now and she's handling childcare expenses, car payment and savings (trying to catch up to me).
Everyone needs to find what works for them and decide what they feel comfortable with. Everyone's income and expenses are going to be different. In a single income family, it might as well be joint....but trust is key in any relationship.
I'm the loose canon when it comes to spending money in my household, but only because I am efficient at saving when I want to. I'll cook cheap meals for weeks, buy things I'd need to buy anyway at 50% off....calculate the savings and then buy a bottle of scotch to celebrate.
It's clear you have no clue.
Do you believe at the ultra highend that people like Gates who have been happily married have only joint accounts?
Putting someone joint on an account that is really YOUR money is risky. I am not talking $1000-2000 that's typical. It's having $25k+ in cash and trusting a current SO to always be honest and commited to that relationship.
It's clear you have no clue.
Do you believe at the ultra highend that people like Gates who have been happily married have only joint accounts?
Putting someone joint on an account that is really YOUR money is risky. I am not talking $1000-2000 that's typical. It's having $25k+ in cash and trusting a current SO to always be honest and commited to that relationship.
So it is a commitment issue?
Separate accounts are irrelevant anyways. In a divorce you have to share it regardless.
Temporary/instant access makes very little difference.
So your argument is, having separate accounts helps if you get divorced, yet you are saying it's not a commitment issue?
Separate accounts are irrelevant anyways. In a divorce you have to share it regardless.
Temporary/instant access makes very little difference.
Yeah, I am just trying to understand alkemyst's way of thinking. In a previous post it was said that it wasn't a commitment issue, but a way to prepare if there is a divorce. It seems like a commitment issue to me.
If you truly trust your spouse, it shouldn't matter how you have your bank accounts set up. Heck, you could only have your spouses name on the account and no account in your name if you had 100% trust.
We, me and my wife, have separate accounts. She likes to pay the bills so I write her a check each month.
Keep your money separate. That way neither of you will ever judge the others fun purchases. My In-Laws share an account and they fight about it all the time.
There is no correlation.
We have our own savings and checking accounts, along with a single joint checking account which we opened when we refinanced because we got a break on the interest rate if we did.
Yeah, I am just trying to understand alkemyst's way of thinking. In a previous post it was said that it wasn't a commitment issue, but a way to prepare if there is a divorce. It seems like a commitment issue to me.
If you truly trust your spouse, it shouldn't matter how you have your bank accounts set up. Heck, you could only have your spouses name on the account and no account in your name if you had 100% trust.
Please explain. How can you be committed to something/someone if you don't have trust in it/them? Wouldn't a lack of trust interfere with your commitment?