Joint bank account

We have a joint house account we both pay into from our own individual accounts.

We have a joint savings (for wedding) and joint checking (for household bills). We contribute a agreed upon amount to each and the rest we keep in our separate accounts.

What are your FH's reservations?

I agree with Rita T. Thats how my FH and I are doing thatm

We have a joint checking and savings account, and then we each have our own personal checking and savings accounts. Joint is for bills and shared expenses, personal are for personal purchases and expenses. We each put a certain amount into the joint checking and joint savings per month. It works really well for us. We've been doing this for about 2 years now.

We have a joint savings account for the wedding. Afterwards we will have a joint checking for household bills & we will continue to have our separate accounts.

FH and I plan on having a joint account and merging our finances, but keeping separate checking accounts too and budgeting for us each to have private spending money to do what we want with it.

We don't currently have any joint bank accounts, but will after the wedding. As I owned our home prior to dating FH and all the bills are in my name, he gives me money for his half of the bills and then I pay them. After we get married we will do as PPs have mentioned, and open a joint checking and joint savings account. We will each move over enough money to pay all the bills and then a predetermined amount to put into savings. Any remaining money stays in our separate accounts and can be used for anything we individually want (within reason).

Did your FH give an explanation for why he doesn’t want to do it?

We have a joint account as well as our personal accounts. I'm keeping mine right now because all of my loans come straight out of it. Once those are done I will close it.

We have joint checking and savings accounts. It's easier for us because he makes 3 times as much money as I do but he hates dealing with finances. So he makes the money and I manage it. lol.

We do have separate investment accounts.

We have a joint checking and savings account. It has worked really well. Daily purchases aren't a big deal but we do check in with each other if we're wanting/needing to spend over a certain amount. We are very open about it. People tell me it's a bad idea to have joint everything but my parents have for 35+ years and have never had any issues. I think it's easier than having separate accounts, my honest opinion. It's curbed my spending and we generally make better financial choices.

This is how FH and I agreed to do it.

We will have a joint checking that our pay checks go directly into every pay period.

From there a set % goes straight into our joint savings

After that, our household bills and expenses are paid from that account

After that, a set % of our respective income goes into our personal accounts to save or spend as we wish - that way I'm not bulging my eyes at how much he spent on fishing gear, and he doesn't know how much I spent to get my hair done - because I'm spending MY money, not OUR money.

FH and I are planning on having joint checking and savings. We talked about continuing having separate checking accounts but we honestly don't see the point in them for us.

We both grew up with our parents having their own individual checking/savings accounts but they had each other's names on the accounts. So basically if something happened to my mom, my dad would at least have access to the money in the account. But they consider them as individual accounts. My FH parents do this also.

My FH and I are going to have a joint savings account that we both contribute to, but we will take our moms off of our current checking accounts and we will put each other on the accounts once we get married (basically doing the same thing our parents did). We may or may not have a joint credit card account as well. I believe both of our parents have done this.

We will be opening a joint account and paying for wedding stuff from there. Any money we get for gifts will go into that account and we each put money in from our own accounts.

Everything is separate for us but we both use one another's cards freely if necessary. Actually going to the bank together just hasn't been high on our list of priorities and our schedules make it difficult for both of us to be present like our bank requires.

That being said, your FS refusing to combine finances in any fashion is a red flag that needs to be addressed. Money is one of the top reasons for couples splitting.

We ended with a joint savings and checking after we got married . I like it since I balance the checkbook, manage the budget, etc. If we have any big purchases, we just check to see if we need to transfer money over. Overall, we have our set bills (mortgage, daycare, car, etc.). it's one less headache to worry about since it's all streamlined.

We're going to have all joint accounts once we're married, but we're thinking about doing joint savings while we're engaged.

Having a joint account made things so much easier for us. I keep track of our bills and pay most of them. When we had separate accounts FH was constantly having to transfer money into my account or give me cash and I'd have to go deposit it and then pay the bills. Just annoying. You could keep things separate and you pay certain bills and he pays certain bills. Do you know why he's hesitant?

We believe whats mine is yours. We have all joint accounts!

We have a joint account for joint expenses and savings but our individual accounts as well for individual expenses. We agreed to a set amount to contribute to the joint account.