Marital Finances

[supermike80 1,285]

So this came up in the "no one in the geek club carries a cc balance cause everyone here is perfect" thread

 

Do you and wife share accounts? Or do you have separate accounts?

Do you keep a secret stash?

 

Since this IS the geek club after all, I imagine you all keep separate accounts.

 

Curious though...

[KSB2424 3,082]

We have seperate checking accounts and a shared savings account. She has one credit card as do I.

[bandrus1 413]

My gf and I are not married but in the eyes of work are in a domestic partnership and to keep that and her on my insurance we must have a joint account.. we keep it open with $200 and we have our own accounts

[Hardcore troubadour 12,591]

I have one, she has one, and one shared one. But the shared one is really just my, "put money in there so she doesn't have to ask me for money" account. I'm a sweetheart like that.

[Sho Nuff 719]

Been one account since we got married. No need for any secret stash

[penultimatestraw 473]

Separate accounts. No secret cash, though we aren't in the habit of scrutinizing each others' spending habits.

 

I pay almost all the bills except the gardener, property tax and whatever we owe in income taxes at year's end. She also pays her own cc's.

[Brad GLuckman 518]

We have a joint account for bills and kid related things, and we each have our own personal accounts. Not because of secrecy, but because if we want something for ourselves, we just get it because it's a personal account. No need to "ask permission", which I know a lot of people have to do

[supermike80 1,285]

We have a joint account for bills and kid related things, and we each have our own personal accounts. Not because of secrecy, but because if we want something for ourselves, we just get it because it's a personal account. No need to "ask permission", which I know a lot of people have to do

I'll admit I do. I was raised where you share it all. So i do. Wife knows about every nickel I earn, and I know her earnings.

But I do feel like i have to ask for permission, or forgiveness and sometimes I hate it.

If I could do it over, separate accounts

[MDC 5,877]

Pretty typical Geek Club setup. She has her own checking account. I have mine. We share the Swiss bank account. I pay the mortgage on our house in the Hamptons, penthouse off Central Park and the chalet in France. I also take care of the private schools, live in nanny, chauffeur and executive chef. She pays for the stable for our horses, docking rent for the yacht, the gardener, sous chefs, helicopter pilot, security detail and the black man my son saw at the toy store on his birthday and insisted on bringing home as a present.

 

Pretty standard really.

[giraldi02 470]

Separate checking and savings.

 

We also have a joint savings account.

 

I'd never just have only a shared account though.

[Cloaca du jour 2,064]

One account although lately im thinking of opening one for myself

[mobb_deep 917]

We have seperate checking accounts and a shared savings account. She has one credit card as do I.

Same

[frank 2,144]

Joint account, we make the same amount of money. She will be quitting work shortly so we will need to go with separate accounts, so much work setting up though.

This would make more sense.

[Hardcore troubadour 12,591]

Been one account since we got married. No need for any secret stash

Sigh. I'm going to resist this time.

[mobb_deep 917]

Sigh. I'm going to resist this time.

Low hanging fruit.

[Hardcore troubadour 12,591]

Low hanging fruit.

Yeah. I don't feel good about it though.

[Cdub100 3,369]

So this came up in the "no one in the geek club carries a cc balance cause everyone here is perfect" thread

 

Do you and wife share accounts? Or do you have separate accounts?

Do you keep a secret stash?

 

Since this IS the geek club after all, I imagine you all keep separate accounts.

 

Curious though...

 

We have two checking accounts

 

1. Joint

2. Mine (business)

 

One savings account

 

Yes I have some money set aside JIC.

 

She takes care of the macro accounts (monthly bills)

I take care of the Micro (Mortgage refi, investments, etc...)

[Drizzay 644]

the black man my son saw at the toy store on his birthday and insisted on bringing home as a present.

Richard is alive!

[jerryskids 5,172]

Been one account since we got married. No need for any secret stash

 

Umm, yeah. I can't believe how many of you have separate accounts. If you have them, then you haven't found the right SO. Just saying.

[KSB2424 3,082]

 

Umm, yeah. I can't believe how many of you have separate accounts. If you have them, then you haven't found the right SO. Just saying.

I don't understand.

 

Different people and couples do things differently. I fail to see how one could brush with such a broad stroke like you just did.

 

When my wife wants something or she buys me a gift I don't need to know. I trust her like that.

[Hardcore troubadour 12,591]

 

Umm, yeah. I can't believe how many of you have separate accounts. If you have them, then you haven't found the right SO. Just saying.

Eye roll.

[KSB2424 3,082]

My gf and I are not married but in the eyes of work are in a domestic partnership and to keep that and her on my insurance we must have a joint account.. we keep it open with $200 and we have our own accounts

You said you had a wife in the picture thread.

 

So which is it?

[penultimatestraw 473]

Umm, yeah. I can't believe how many of you have separate accounts. If you have them, then you haven't found the right SO. Just saying.

You've said this before. We both work well paying jobs and don't buy many high ticket items. If we want something, we buy it - don't need permission, though we'd discuss any major purchases.

 

Mainly have separate accounts because we're too lazy to set up a joint account. What advantages would a joint account offer, and how would it strengthen our marriage?

[penultimatestraw 473]

I don't understand.

Different people and couples do things differently. I fail to see how one could brush with such a broad stroke like you just did.

When my wife wants something or she buys me a gift I don't need to know. I trust her like that.

Exactly. If you share spending habits/sensibilities with you spouse and don't fight over money, why go through the hassle to set up additional accounts?

[Frozenbeernuts 1,652]

My wife's modeling money goes into her own account.

 

The royalties I get for a giant di1do manufacturer using me as a model go into a shared account.

 

I owned the island before I met her so I get the rental fees into my account. No more than $200k per month.

[NorthernVike 2,080]

Pretty typical Geek Club setup. She has her own checking account. I have mine. We share the Swiss bank account. I pay the mortgage on our house in the Hamptons, penthouse off Central Park and the chalet in France. I also take care of the private schools, live in nanny, chauffeur and executive chef. She pays for the stable for our horses, docking rent for the yacht, the gardener, sous chefs, helicopter pilot, security detail and the black man my son saw at the toy store on his birthday and insisted on bringing home as a present.

 

Pretty standard really.

Your son is very thoughtful, I'm sure your wife appreciated the present.

[Patriotsfatboy1 1,432]

^{Joint accounts for pretty much everything. She has a separate credit card account along with our joint account so that she can still have good credit in case I die or she dumps me. I make sure that my direct deposit happens every other week (and does she).}

[TimmySmith 2,782]

Separate, because I trust my wife and I am not a control freak. See, it works both ways.

 

In reality, separate, because we came into marriage with separate accounts and we never saw any reason to combine. I pay for 70% of household needs.

[penultimatestraw 473]

Separate, because I trust my wife and I am not a control freak. See, it works both ways.

 

In reality, separate, because we came into marriage with separate accounts and we never saw any reason to combine. I pay for 70% of household needs.

 

This guy gets it.

[MDC 5,877]

My wife and I have way too many shared expenses to go through the hassle of seperate accounts.

[Brad GLuckman 518]

 

Umm, yeah. I can't believe how many of you have separate accounts. If you have them, then you haven't found the right SO. Just saying.

This is one of the dumbest things I have ever read here.

[penultimatestraw 473]

My wife and I have way too many shared expenses to go through the hassle of seperate accounts.

What is the hassle? Don't you treat all your money as collective anyway? If a bill comes, the person with enough $ in their account pays it.

[MDC 5,877]

What is the hassle? Don't you treat all your money as collective anyway? If a bill comes, the person with enough $ in their account pays it.

The hassle is having to figure out who has more $ in their account or mentally keeping track of who paid which expense etc. rather than just paying the bill.

[patweisers44 697]

Joint account. My wife couldn't care less about the banking, bills, or whatever. She has one guideline: if she is gonna spend more than $1,000 on something to let me know. She's used the rule once in the ten years we've been married, but it wasn't even for that amount. I think her and her former husband were both terrible at finances. She is amazed that I actually have a budget that includes savings, retirement, and any other expenses we might need AND that every $20, $50, or $100 purchase is not scrutinized.

[Patriotsfatboy1 1,432]

My wife had a separate account for the first few years of our marriage. Her mother hid money from her father in case she had to take off. I told her it wasn't necessary because it is pretty easy to hunt down marital assets and it is all just one big pool that gets split up if we divorce. So, we consolidated our accounts. It is much easier now.

 

The only thing is that I pay the AMEX bills. For some reason, the Mrs. would space on it every once in a great while and I hate paying interest and fees. So, now I pay that bill. She pays the rest. We each can see all of the transactions in and out of our accounts and it helps to have another set of eyes in case of fraud.

[vuduchile 1,940]

Pretty typical Geek Club setup. She has her own checking account. I have mine. We share the Swiss bank account. I pay the mortgage on our house in the Hamptons, penthouse off Central Park and the chalet in France. I also take care of the private schools, live in nanny, chauffeur and executive chef. She pays for the stable for our horses, docking rent for the yacht, the gardener, sous chefs, helicopter pilot, security detail and the black man my son saw at the toy store on his birthday and insisted on bringing home as a present.

 

Pretty standard really.

Black men are so last year.

[vuduchile 1,940]

Separate checking accounts, but we're both authorized on each.

 

1 joint savings. 2 custodial accounts for our boys All other investments are joint.

 

Biz checking acct which we both control only for biz purposes.

 

And a mason jar full of change on my dresser that's all mine.

[penultimatestraw 473]

The hassle is having to figure out who has more $ in their account or mentally keeping track of who paid which expense etc. rather than just paying the bill.

i see

[parrot 789]

The hassle is having to figure out who has more $ in their account or mentally keeping track of who paid which expense etc. rather than just paying the bill.

 

Yeah, I don't really understand the two checking account thing. We have one account, she generally carries the checkbook and we both have debit cards.

[supermike80 1,285]

 

Yeah, I don't really understand the two checking account thing. We have one account, she generally carries the checkbook and we both have debit cards.

Seconded. We share every penny. We have NO hidden stashes. What we earn we put into a joint checking account and we funnel to a savings account, which we both have full access to. We know each other's 401k passwords and we discuss our balances in those all the time.