The Hull Truth - Boating and Fishing Forum

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-   -   Couples Finances Poll (https://www.thehulltruth.com/dockside-chat/931251-couples-finances-poll.html)

Reel Irie 05-15-2018 12:03 PM

Couples Finances Poll
 
I sure this will generate lots of great commentary

just curious how others do it

Qb1rdman 05-15-2018 12:06 PM

Everything in one pot going in and first come first serve going out.

bluffman2 05-15-2018 12:08 PM

she has acct,I have acct and we have acct......she pays her bills and some of ours and I pay mine and the rest of ours

MattGoose 05-15-2018 12:11 PM

We take a small percentage for personal use - gifts for each other, gifts for ourselves that we don't want to fight with other person about.

Everything else goes into a joint account, and all expenses are paid from that.

triplenet 05-15-2018 12:14 PM

When married we had one account ------ big mistake

Now girlfriend living with me - separate accounts and she pays pro rata share of expenses - mostly just food and stuff for the house ...

oceandansar 05-15-2018 12:14 PM

Married 40 years in August. I've always paid the bills she has always done the book work. We have been self employed 38 of our 40 married years.

Reel Irie 05-15-2018 12:14 PM

full disclaimer - we are in the 3 pots of money - with the JT pot managed by me - we both work full time, I make almost twice of what she does and fund the JT account based on a ratio of combined salaries

Ideally I would like to simplify to either 1 or 2 pots but pretty sure 1 pot would not work given our very different views on spending habits

Blythe1022 05-15-2018 12:18 PM

We have 2 accounts, kind of. I fund them all. She keeps a small amount in her checking account for small purchases. She uses the credit card for most things. I pay that and every other bill we have from my account. I don't bitch about the CC bill and she doesn't say what I can and cant buy because I earn the only income.

Tuna Man 05-15-2018 12:22 PM

Been married for 27 years, this is something I've learned along the way; Her money is hers and my money is ours. That being said we have two separate accounts (with both our names on each account), rarely have issues.

schoolsout1 05-15-2018 12:23 PM

Not married yet, but living together and engaged.

2 pots and split bills. Everything but mortgage is split evenly. I pay most of the mortgage plus extra principal every month. I, also, pay for taxes/insurance on recreational vehicles like boat, ATVs, etc. She did give me $3k for down payment on boat and spent $5k on fence and I put stamped concrete patio in, so it can go both ways. I really didn't want the fence, but enjoy it now.

Shag 05-15-2018 12:28 PM

Two accounts, but both names on each. My paycheck (she doesn't work) is deposited into "hers" and she pays most bills. I transfer Sub S distributions and take care of a few bills like taxes, etc. at the coast and my credit card. We have basically two credit cards, even though both names are on each. She pays "hers" and I pay "mine".

Out of curiosity those with two accounts, are both names on both accounts? I've seen it done both ways. We did because it makes it easier if something happens to one of us. The other school of thought is not to so she can't clean you out if something goes south.

aubv 05-15-2018 12:32 PM


Originally Posted by Shag (Post 11421783)
Two accounts, but both names on each. My paycheck (she doesn't work) is deposited into "hers" and she pays most bills. I transfer Sub S distributions and take care of a few bills like taxes, etc. at the coast and my credit card. We have basically two credit cards, even though both names are on each. She pays "hers" and I pay "mine".

Out of curiosity those with two accounts, are both names on both accounts? I've seen it done both ways. We did because it makes it easier if something happens to one of us. The other school of thought is not to so she can't clean you out if something goes south.

You do know "she" could sign one of your checks "Mr. Potato head" and the bank would cash it?.....:grin:

spraynet 1 05-15-2018 12:33 PM

If married......one acct
engaged...... start moving twoards one acct
dating...........your nuts if one acct.

Seriously, marriage is by definition the combining of two individuals that now work, love, play as one! One account!
Trust is everything, don't have that then you really don't have a marriage either!!!

raystein 05-15-2018 12:35 PM

Personal account and business account. I handle the business and she handles the personal.

Wolakrab 05-15-2018 12:38 PM

In all of my marriages(more than one:grin:), I have found that separate accounts, with expenses split(not necessarily 50-50) worked best. Joint accounts never worked...and one person paying all the bills didn't either. Those arrangements always ended up in disagreements...especially if I bought something for the boat...

thefuzz 05-15-2018 12:39 PM

We have a lot of accounts to be honest.

Most everything comes out of the combined checking account....some of the larger expenses come out of a different account where 50% of my income goes.

She makes 1/3 - 1/2 of what I do, so I take up some slack on health insurance, car payments, etc...

Boat Bum 05-15-2018 12:39 PM

https://cimg2.ibsrv.net/gimg/www.the...1e619b40b7.jpg

sigh...

myyellas2k 05-15-2018 12:43 PM

3 different main accounts

my checking account
her checking account
"our" checking account

then "our" savings acct
and mine, and hers....

Dulcecita Lures 05-15-2018 12:59 PM

Everything combined was a recipe for disaster in marriage #1. Live and learn. In marriage #2, I pay the house, utilities and my bills, she buys groceries and pays her bills. Separate accounts, credit cards, everything. It's worked for 20 years so far and there is no fighting about money or who spent what. Of course, major purchases (vehicles, home improvements, vacations, etc.) are always discussed in advance. But day-to-day? Pay as you go, no worries or nonsense over "You bought a new fishing rod!" or that kind of stuff.

Barefoot 05-15-2018 01:00 PM

Married 37 years, always had joint accounts.


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