African American Weddings
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NWR- Money$$

What's your take on managing your money with your FH. Will you be having a joint acct? separate acct? both?

I manage money better than he does, so I dont want $ being spent on crap thats not needed. I know money is a big thing for couples and the number 1 reason why couples argue. We have separate now and it works out great.


Re: NWR- Money$$

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    ladylumladylum member
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    edited December 2011
    My FI and I openly discuss money, bills, etc. We have a joint account. He used to spend freely before I took him aside and showed him how his impulsive buying was hurting us financially. Since then, he doesn't really do it. Open and honest communication is a must, especially when it comes to money.
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    edited December 2011

    I budget better than he does so he says he is willing to let me hand it the money issues and we will have a joint account. However, I think our joint account will be for bills, the kids etc. and we will have our own money to spend where we see fit in different accounts. 

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    edited December 2011
    We have separate accounts right now and that doesn't bother me at all. We're both good at budgeting money, but I don't see a need to get a joint account yet.
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    edited December 2011
    We have both and we will keep it like that! It works well for us.
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    amberlynnedamberlynned member
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    edited December 2011
    We have a joint account for bills and savings and then two separate acctounts for fun/spending money. I manage the books on all 3 accounts though because FI is TERRIBLE at budgeting!
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    edited December 2011
    at the moment we have seperate accounts. that might change closer to the wedding.
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    prncszprncsz member
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    edited December 2011
    We plan to have a joint for bills and savings, a joint for investments, and then seperate for personal spending money.
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    edited December 2011
    In Response to <a href="http://forums.theknot.com/Sites/theknot/Pages/Main.aspx/cultural-wedding-boards_african-american-weddings_nwr-money?plckFindPostKey=Cat:Cultural Wedding BoardsForum:400Discussion:faae4b40-6357-4e5b-926a-6412cd355713Post:3a79afb7-bd1d-41ad-aca9-4a854c744cf8">Re: NWR- Money$$</a>:
    [QUOTE]We plan to have a joint for bills and savings, a joint for investments, and then seperate for personal spending money.
    Posted by prncsz[/QUOTE]

    Ditto this.
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    edited December 2011
    We have separate accounts now, but either closer or just after the wedding we will open up a joint account for the bills, investments, or other household needs.  However, we will keep our separate accounts for entertainment activities.  We both are good at managing our accounts.
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