"His Money Is My Money, My Money Is His Money"

I joke with my husband that what's mine is mine and what's yours is also mine but what's mine isn't yours ahaha. But we have separate accounts and opened a joint one together that's really just meant for joint things like household stuff or vacations we put same amount of money in

It will be, but like previous post, we have separate accounts but have one in my name that is "ours".

I have to have my separate money. I grew up with my parents having exclusively joint accounts. My father went out and bought a Betamax without asking my mother. But when my mother went out and bought an inexpensive fishing rod without asking my father, he went into fits. So I have really bad associations with joint accounts.

In my first marriage, we contributed to joint expenses in proportion to income, and the rest was kept in individual accounts.

Currently, I make many times what my wife does. So the arrangement is that I will provide basic support for both of us, while she will agree to put half her income into a 401(k). The other half of her income, and all income I have left after supporting the two of us, is separate.

Don't agree. Hers is hers, mine is mine, we also put into a joint account. We each have things we like to buy like Starbucks or lunches. It would drive me insane to see the $$ wasted on Starbucks every week. We have a dont ask don't tell policy when it comes to day to day regular spending.

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Got it, so you have your own separate money and then money you put together for joint ventures.

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What do you mean by "it will be"?

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Since your wife makes a lot less money, does she have anything left after contributing to shared bills?

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Does the "don't ask don't tell policy" money come from a joint account? If so, what's a responsible amount to be spent on a day to day?

We have a 'our money' account for bills, joint dreams, etc. Everything else is split as his money/my money.

I couldn't imagine having a bit of both since it helps us keep our independence but trust and share in the big things.

View Quoted Comment She doesn't contribute to shared bills. Her contribution is just to put away the money for retirement.

If we're a joint until it's ultimately all ours. But we will have a joint account for billd and our own separate for fun things.
We're debating on how to handle our student loans because I'll have most of mine paid for by the time we get married so he said using joint account money to pay for his would make him feel bad. So while I also believe debts are accrued together if it makes him feel better to pay it out of his own account I'm not going to make a fuss.

We are currently planning on doing one joint account and one joint savings account of some sort. In our monthly budget though we are planning on budgeting an amount for each of us to have as "free spending" money that we can each use for whatever, no questions asked but the money will still be in a joint account

We will be opening a joint account for bills and things and will still have our own separate accounts to do with as we please. I believe in shared funds for things that affect both parties but don't believe all monies need to be shared at all times. Plus my FH isn't the greatest with money so I'd be afraid he may spend too much and I won't have any. Lol

We have "our" money, he has "his" money, and I have "my" money. All of our paychecks go to "our" money. Any tax returns go to "our" money. Birthday/Christmas/individual gifts of cash go to our individual accounts. Bonuses are split between individual account and "our" money. This works well for us. Nobody gets a say in what the other person does with their individual money. H is saving up for a new boat down payment, I'm buying a new laptop with some of mine.

I do agree! We will be sharing one bank account. I think that marriage is all about two becoming one and this includes money.

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I'm not sure I understand this sentence: "I couldn't imagine having a bit of both since it helps us keep our independence but trust and share in the big things."

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Got it, thank you for clarifying.

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My husband and I only have a joint account for savings. Everything else is our own individual money. However, we come together whenever necessary.

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I like that idea of having "free spending" money.

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I agree that you should share funds for joint ventures.