Or it’s one of the easiest things because you share everything. There’s no question of why didn’t you pay your part of the mortgage or where did you get that money from.
If married, I'd say the opposite. You can split up the fixed expenses, but anything variable comes into question. Who is paying for this dinner? Who is going to buy the kids' clothes? etc.
Two ways:
I guess it just depends on the people. Ultimately if you don't have 100% trust in the other person then it won't work no matter what you do.
Never thought about it back then. I bought the house right before we were married, have always had the bills in my name, and when we need a car for her I ask her to look online then I go buy it. Like I previously mentioned, if I knew I'd be around forever I'd keep doing the same thing and she wouldn't even need credit.
Is that because she questioned why you were spending so much on hookers and blow?
Exact opposite. By every Monday morning I was basically broke but the Amazon packages didn't stop showing up on the front door. I opened another account at my bank and redirected my direct deposit there with only me on the account so I could make sure bills and groceries got taken care of, which of course because it was just me it did. And how dare you accuse me of shenanigans I only bought hookers and blow once.
Ok but you didn’t get a divorce because you had a joint savings account. If anything it helped you quickly realize she had a spending problem. If she had her own separate account it probably would have been much worse and you wouldn’t have known and in the end probably cost you more money.
That's fair but it was an arguing point. In the end without her income I am 1,000% better financially and got my kids so no regrets. Enough about me though we need to get OP's wife's credit up so she can buy a Suzuki Samurai!
I've always had separate accounts before marriage, and joint after. Whenever I see a married couple who say they have separate accounts I have a good feeling they will divorce. Just like I am fairly sure that two unmarried people buying a house together will end up bad.
Nah, I don't buy that. I think that just has more to do with the high rate of divorce in general that makes it seem that way. Whatever the reasons for the divorce, I don't think whether or not you have a joint account is one of them. Other than if you are always fighting over who spent what because you each get to see everyone's every single purchase or, just to keep it even, one person is carrying a significantly larger portion of the bill load than the other, relative to how much they are getting paid.
I should have said that the married couples who have separate accounts is a sign that they don't trust each other enough to have joint accounts, and that lack of trust can be fatal for a marriage.
Or they trust their partner completely and don't have the slightest concern about whether or not their partner is being responsible with money.
