I was reading a thread recently where a guy's wife was regulating his "car spending." Some of the responses were, "Why do you tell your wife what you're spending?" etc.
This got me thinking about how to organize bank accounts in a marriage situation. For me there would be a few factors:
-It would be painful for me to know that I was funding my wife's mall shopping. (I can't stand blowing money there).
-The automotive hobby is expensive and maybe my spouse doesn't need to know exactly how expensive.
-There are a number expenses that need to be shared.
I think the ideal situation might be where each partner contributes a set amount to a shared account for mortgage/bills/insurance/savings etc. and then their remaining income is kept in their own account. That way car parts or mall trips or whatever can be bought without scrutiny from the other.
What are your guys' thoughts/experiences?
btw, I am not married, but it could happen relatively soon.
This got me thinking about how to organize bank accounts in a marriage situation. For me there would be a few factors:
-It would be painful for me to know that I was funding my wife's mall shopping. (I can't stand blowing money there).
-The automotive hobby is expensive and maybe my spouse doesn't need to know exactly how expensive.
-There are a number expenses that need to be shared.
I think the ideal situation might be where each partner contributes a set amount to a shared account for mortgage/bills/insurance/savings etc. and then their remaining income is kept in their own account. That way car parts or mall trips or whatever can be bought without scrutiny from the other.
What are your guys' thoughts/experiences?
btw, I am not married, but it could happen relatively soon.
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