Message Font: Serif | Sans-Serif
No. of Recommendations: 0
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.

Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.