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Author: bfdebt Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 785  
Subject: Re: accounting for separate incomes, accounts, e Date: 3/24/2009 4:09 PM
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Parkway,

Your first plan sounds exactly like what I'd like to do with my fiance's and my money when we get married. And I also like your revised version.

My "burning" question is this: what do you do about car payments/purchases and insurance? My fiance and I make roughly the same amount. He just bought a car, and he's handling the payments solo. But I anticipate needing a new car in about 5 years, and this car will more than likely be somewhat more expensive than his (he bought an economy car, whereas the car we'll replace is more of a mid-range). I've already put a hefty chunk of change into a CD that is earmarked for the new car, and my goal is to pay for it in cash. But inevitably it will be the "family" car when we have kids, etc. Since he doesn't drive my car very often, should we split the cost? Should I help him out with his car now in anticipation of him helping me out with "mine"? And should car insurance be lumped in with other joint expenses/bills? I've been mulling this over and just can't seem to come up with a good solution.
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