Quote: my H and I had separate checking and savings accounts. Now as I look back, things were better between H and I when we combined into one. Kind of like "Acting as if" we were M instead of separate! I think it is a mistake to act as if you are two separate people. When H and I get back together, I will suggest we combine our money!
There is a lot to be said for JOINT accounts...I know that like Deb and her H, my H and I have had separate accts for the past 15 yrs at least. What that sets up is one more... MY LIFE/OUR LIFE...scenario. There's NO accountability for how money (joint assets) are spent and eventually can lead to all kinds of problems...
I'm all for separate savings accounts...but one thing my H and I will do this year is go back to a joint checking acct. with BOTH of our paychecks going there and from that we will deduct an agreed upon amount from our individual salaries to withdraw and put in our personal savings for expenditures that do not require mutual agreement.
Money can be as decisive as an OM/OW in a couple's life. If you're financially irresponsible it will come to bite you on your butt...in more ways than one. T2
