I over heard two collegues dissucssing several friends they have that have separate bank accounts even though they're married and how weird they thought it was. Me and my husband keep our finances fairly separate and will even pay each other back for most items, neither one asks for it but we usualy keep it even. Is it that unusual?
Most Helpful Guy
in my opinion, each of you should have your own bank account, but you should also have a joint account. Every month, you each move money into the joint account to pay for joint expenses (housing, utilities, insurance, etc.) and if one person does the bill-paying, they should communicate with the other about the state of the bills on a regular basis. Communication is critical.
But, this assures that you each have your own account and credit history, so that, in the event that one person dies or you get divorced, no one is starting from zero. It also allows you to each have money that is "yours" - that you can spend without having to justify or explain to the other.3
Most Helpful Girl
I don't think it's unusual. My parents do much the same thing. They have a small joint account that they both pay into for bills, etc. Otherwise, they keep their money separate. That isn't to say that they don't help each other out, but it's a pretty equal endeavour. Or, as much as it can be as my mother makes less than half what my dad makes.0