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Author: EllenE Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75  
Subject: Re: Greetings, Fool! Date: 2/22/2001 10:44 AM
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Now the Newlywed board can let me pick your brains for ways to combine our finances. So fire away!

Well, the best way to handle finances is whatever way both of you feel comfortable with. There isn't any set way to do it.

The way we've done it is to get a joint checking and money market account for bill-paying and short term savings, but to also keep our individual accounts. We've agreed on an amount to put into the joint accounts each month. We're both very responsible with our finances (no debt, etc.) and into saving and investing, so we don't worry about how the other spends their money. We also do our own investments. This setup wouldn't work for everyone, but it works for us and we're both happy with it.

Our incomes are going to be changing in the near future, though (mine will hopefully be going up; he's starting his own business, so his will be way down for a year, we're estimating...) so we'll have to take another look at our joint contributions and such and perhaps do some rearranging.

Ellen
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