Do you and your Husband/fiance/partner share bank accounts?

We each have our own accounts as we earn different amounts of money and I have more debts to pay than my fiance. We also have a joint account that we both pay the same amount into each month. We pay our mortgage and bills from the joint account and our personal bills from our own accounts. We also have a joint savings account where we put away as much money as we can each month to pay for wedding, honeymoon etc.

Of course we do, we set up a joint account right after we got married. All the money coming in goes into the account, all bills get paid out of that one account. It's simple, no need to make it complicated.

Some people say to this, well then what do you do about buying one another gifts, for example - well, then you just take out cash.

Your husband should be keeping his business account separate from his personal account, anyway, for tax and other purposes, so that shouldn't be a problem.

I would worry about why else he doesn't want a shared account - if he's not willing to pool the money, I think that's odd.

Having one account also equalizes things if one spouse makes more than the other - because it's all 'our' money, literally.

I've seen here on Answers where spouses are paying certain percentages of bills according to their income - and that's just insane...

My ex-husband and I had a joint account. I thought it was good at the time, until we split. When our renters deposited money into it, he would take out too much and it would go overdrawn. I of course ended up paying the fees etc.(living in a small town eveyone knows you and your business!) while he was in the city not caring. I had always figured it was normal to have a joint account, but I wouldn't do it anymore! Separate accounts are great, they keep some of your independence. As long as the bills are being paid how you as a couple think they should-you don't need one account. In my opinion, a man who makes more money should be paying more for the bills, which leads me to ask...what's he spending his money on now?

My FI and I just opened a joint account together this week. We also have our own seperate accounts. FI will be out of country for a short bit so we needed an account where his checks could be direct deposited into so I can pay off his bills.

side note* I make more money than FI and pay almost all of our bills with my paycheck. FI has bad credit. He trusts me and knows that I will take care of his bills and that he has nothing to worry about while he's gone.

Sorry to tell you, but your fiance is 100% correct. Joint accounts can be more trouble than they're worth. Since he does run his business out of his only account, it's probably best that he not put you on the account. It would make his taxes inordinately complicated. Joining accounts before marriage is completely out of the question. It has to make him nervous that you're pushing to join accounts so soon. YOU'RE NOT EVEN MARRIED YET!

My FH and I have had frank discussions about money, which all couples should have. I have not-so-good credit, and I don't want to affect his adversely. He's offered to start up a joint account, but I said no. A joint account would join our credit scores, and our debts. He's in the military, stationed on the other side of the country, and keeping a separate household there. So we will be filing our taxes separately until he retires, at which time we will consolidate our finances under one roof.

We will be combining finances as soon as we are married. I have more money saved up than my fiance, because I have been working full time for two years and he is just graduating college. But even so, neither of us have very much money yet, so while we are just starting out, we figure we might as well combine them. It will be easier to know exactly how much money we have at any given time, and we both share a similar outlook on how we handle money, so it just makes more sense for us to share an account.

Now I can understand both of the story. We have 4 accounts at the same bank (Credit Union).

I have one for my own money.

I have one for my small business

We have a joint account

He has his own private account for his own spending.

We both have our own retirement accounts. We also have 3 education accounts for our children. We might start 3 wedding accounts next january with our tax returns.

We decided to share our money after we got married.

good luck. :)

My wife and I still have our own accounts and have one shared account for house expenses...

Our own paychecks go into our own accounts and at the end of every month we settle the bills 50/50

Of course there is some leeway either way which is fine...

Additionally we agreed that when/if we have children we will change the system to one account primarily but still keep private accounts with preset ammounts of money for private spending..

I think it works great for us right now.. we can still suprise each other with gifts without the other seeing that the money is gone.. additionally, if i want to upgrade my computer etc.. it comes out of my own money and there is no discussion required.. as it should be in my opinon...

oh we also have a shared futures account to which we both contribute a set amount every month...a shared savings account i guess

We have just started a joint account together, now that we have a house together. But we also have seperate accounts, and a savings.

Pay goes into joint, with an alowance into individual accounts.

Expenses come out of joint.

Because of the house loan, our accounts don't attract bank fees.

So your fiance can have an account for business, seperate from your joint account/s

We will have a share account, plus small accounts for our own spending money, but the majority will go directly to our shared account. Actually, we already have an account that we are saving only for a wedding and a house in. It is only in my name though, because he says he want to forget he has the money. But he is depositing too. We will get married in 4 years, if all goes as planned. We firgure whats mine/his is ours.