Joint Checking Accounts

['taterblast]

#TeamJointAccount

there are +'s and -'s, but right now we have to track everything we spend for various reasons and this just makes it easier. do what works best for you.

[SkinnyBenny]

definitely don't want a joint account now.. they seem like hostile people

definitely the most butthurt faction ITT, for sure. To wit:

I think separate accounts in marriage bugs me mostly because ...

Like the fact that what another couple does with their own money could possibly "bug you" is incredibly LOL

[kitten_mittons]

mrs_k_m and myself have a joint checking/savings, and we also have separate checking/savings.  I do all of the monthly bills out of the joint checking, so she just transfers $xxxxxx into that account once a month.  Then we just use our own accounts to pay off our credit cards so that either of us can buy whatever we want.  Then we just transfer whatever is left over at the end of the month into our savings.  Pretty simple and we never argue over money.  She wants to spend $400 on makeup this month?  Why not, it's her money, man.

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[SkinnyBenny]

mrs_k_m and myself have a joint checking/savings, and we also have separate checking/savings.  I do all of the monthly bills out of the joint checking, so she just transfers $xxxxxx into that account once a month.  Then we just use our own accounts to pay off our credit cards so that either of us can buy whatever we want.  Then we just transfer whatever is left over at the end of the month into our savings.  Pretty simple and we never argue over money.  She wants to spend $400 on makeup this month?  Why not, it's her money, man.

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kitten_mittons gets it

[wetwillie]

i think the concept of his money and her money is the most intriguing psychological aspect from people who are married.   

[The Big Train]

I have a single checking account but probably 10 different emails so I think I get this separate checking account thing. You just use different checking accounts(emails) for different purposes.

[star seed 7]

i think the concept of his money and her money is the most intriguing psychological aspect from people who are married.

Does the concept of his/her car or his/her clothes also blow your mind??

[Kat Kid]

hey guys, what if you just had a bunch of envelopes for each person pre-filled with cash and threw away your credit cards?

[catastrophe]

Like the fact that what another couple does with their own money could possibly "bug you" is incredibly LOL

I just care about you guys and want you to have happy marriages.

[420seriouscat69]

I think separate accounts in marriage bugs me mostly because the top two reasons for having them are (1) keeping certain financials / spending a secret, and (2) keeping score of his vs. hers. Both of those just seem like recipes for disaster.

I don't doubt that people make it work, but I personally would be concerned if my spouse wanted to have a separate account.

No reason to keep score. We both know i'm already winning. 

Also, MRS gooch, major purchase you say? Here's my check for my part. Looking forward to Puerto Rico in a couple of months. High five.

[catastrophe]

i think the concept of his money and her money is the most intriguing psychological aspect from people who are married.

Does the concept of his/her car or his/her clothes also blow your mind??

You can still buy things for your personal use with shared money. We buy toothbrushes for  ourselves out of our joint account and have never fought about whose is nicer.

[Trim]

There's a best-of-all-worlds, practical solution that can be customized to work for any situation.

If this thread goes another 5 pages or so, I'll do a professional presentation on this at FattyFest, separate from the other activities and before I start drinking, and attendees for that session can pay a fee that I'll donate to the Fund.

[star seed 7]

The only mention of competition has been by you and the other one account'rs. Freudian maybe?

[kim carnes]

mrs_k_m and myself have a joint checking/savings, and we also have separate checking/savings.  I do all of the monthly bills out of the joint checking, so she just transfers $xxxxxx into that account once a month.  Then we just use our own accounts to pay off our credit cards so that either of us can buy whatever we want.  Then we just transfer whatever is left over at the end of the month into our savings.  Pretty simple and we never argue over money.  She wants to spend $400 on makeup this month?  Why not, it's her money, man.

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kitten_mittons gets it

Does he tho?

[pissclams]

i think the concept of his money and her money is the most intriguing psychological aspect from people who are married.

Does the concept of his/her car or his/her clothes also blow your mind??

You can still buy things for your personal use with shared money. We buy toothbrushes for  ourselves out of our joint account and have never fought about whose is nicer.

toothbrushes, as in plural?  why aren't you sharing a toothbrush too, something to hide? 

[catastrophe]

The only mention of competition has been by you and the other one account'rs. Freudian maybe?

I admire your faith in people being able to identify their own flaws. But no, not a Freudian thing.

[SkinnyBenny]

i think the concept of his money and her money is the most intriguing psychological aspect from people who are married.

Does the concept of his/her car or his/her clothes also blow your mind??

You can still buy things for your personal use with shared money. We buy toothbrushes for  ourselves out of our joint account and have never fought about whose is nicer.

Yeah, toothbrushes barely factor into anything in this discussion. They're $3.  But to go back to my earlier example, I can guarantee you if I told Mrs. SB that I wanted to buy a nice guitar with our shared money from our joint account, I wouldn't end up buying as nice of a guitar as I want. One one hand, she'd be all, "hey this First Act is nice and shiny and it only costs $99, so maybe you should get this one!" On the other, I'd feel guilty about making her contribute any of her hard-earned money to pay for my expensive Gibson since she doesn't play, because that's not fair to her. So boom, save up in the little fun money account for a while, buy the expensive nice one myself, and voila, we never have to have any kind of discussion about First Act vs. Gibson. 

No-questions-asked side money accounts are so much fun, you guys. You guys have no idea what you're missing. All you have to do is be honest about it if they ask and it automatically eradicates any potential "zOMG SOMEONE'S HIDING SOMETHING" suspicions that some of the butthurts ITT have. Like, I gladly would show Mrs. SB all the sweet things I've bought out of my little side account if she ever asked (which she never will because we trust each other and because she just doesn't ever check accounts). We have a great marriage and we never fight about money or spending.

[meow meow]

does going out and getting blackout go in the fun account or joint?

[SkinnyBenny]

does going out and getting blackout go in the fun account or joint?

If it's both of us then definitely joint. If it's me then it's definitely fun. Remember, the joint account is for us working together to achieve our major goals, and in that case the major goal is getting absolutely blackout together. Hungover breakfast together the next morning also comes from the joint account. Obviously.

[meow meow]

does going out and getting blackout go in the fun account or joint?

If it's both of us then definitely joint. If it's me then it's definitely fun. Remember, the joint account is for us working together to achieve our major goals, and in that case the major goal is getting absolutely blackout together.

i'll be honest, you are selling me on this fun/joint blackout account thing

[SkinnyBenny]

SB==>    <==Mrs. SB

[_33]

Wacky you should get Apple Pay so she can just swipe your card.

[420seriouscat69]

Yeah, if you're jointly Pak'ing, that shits coming out of the joint account. Before the joint account tho, i'd always pick up the bigger tabs and her the smaller ones if we were bar hopping. If it started out as a lunch pak, I had the lunch and drinks at the lunch pak. She would then pick up the rest along the way. This crap is not a game.

^Big reason why I like pak'ing at home, because duh, it's way cheaper. However, she hates it, cause she loves going out with friends, when i'm content on the couch.

Thanks for the pro tip, _33. That sounds much easier.

[Mrs. Gooch]

So if you have a kid and you want to get the kid some awesome birthday gift, but your SO doesn't think the kid needs that super awesome thing......Then do you just buy the thing for the kid from your fun money account or what?

[420seriouscat69]

If she says no, that's coming from my fun account, but she'd never say no to a puppy.