Comments on: How to Split the Finances http://www.doublejourney.com/2009/01/11/how-to-split-the-finances/ Going From Good To Great Wed, 08 Feb 2012 23:38:36 +0000 hourly 1 http://wordpress.org/?v=3.1.2 By: Charles Schwab Review :: Double Journey http://www.doublejourney.com/2009/01/11/how-to-split-the-finances/#comment-20313 Charles Schwab Review :: Double Journey Mon, 25 Jan 2010 01:46:52 +0000 http://www.doublejourney.com/2009/01/11/how-to-split-the-finances/#comment-20313 [...] Charles Schwab.  After getting married, my wife and I needed to setup a joint account.  We have split our finances for a while now, and marriage has not changed that, but we wanted the convenience of having one [...] [...] Charles Schwab.  After getting married, my wife and I needed to setup a joint account.  We have split our finances for a while now, and marriage has not changed that, but we wanted the convenience of having one [...]

]]> By: Kirah http://www.doublejourney.com/2009/01/11/how-to-split-the-finances/#comment-13522 Kirah Tue, 13 Jan 2009 19:23:10 +0000 http://www.doublejourney.com/2009/01/11/how-to-split-the-finances/#comment-13522 Interesting... I never really thought about this arrangement. I grew up in a household in which my father and the family accountant planned everything. Maybe this is the case because my mother was a stay-at-home mom. Interesting… I never really thought about this arrangement. I grew up in a household in which my father and the family accountant planned everything. Maybe this is the case because my mother was a stay-at-home mom.

]]> By: Susan http://www.doublejourney.com/2009/01/11/how-to-split-the-finances/#comment-13515 Susan Tue, 13 Jan 2009 03:26:46 +0000 http://www.doublejourney.com/2009/01/11/how-to-split-the-finances/#comment-13515 Sounds like a reasonable system to me. I think you are right that many people do not discuss these issues before marriage. To play the devil's advocate, have you discussed how it will work if you split? And if you have, have you signed an agreement? Because now everything is easy, breesy and you are happy. But let's say 5 years from now you decide it doesn't work. I'm not a lawyer but I think then the state of CA doesn't care about your verbal agreement and doesn't care the you put in 75% of any savings so 50% is hers. And it won't care if you decide to buy a house and you pay 75% of the costs, 50% is hers. Unless you've got a contract in writing. Sorry to be a downer. Been there, done that. Sounds like a reasonable system to me. I think you are right that many people do not discuss these issues before marriage. To play the devil’s advocate, have you discussed how it will work if you split? And if you have, have you signed an agreement? Because now everything is easy, breesy and you are happy. But let’s say 5 years from now you decide it doesn’t work. I’m not a lawyer but I think then the state of CA doesn’t care about your verbal agreement and doesn’t care the you put in 75% of any savings so 50% is hers. And it won’t care if you decide to buy a house and you pay 75% of the costs, 50% is hers. Unless you’ve got a contract in writing. Sorry to be a downer. Been there, done that.

]]> By: terrence http://www.doublejourney.com/2009/01/11/how-to-split-the-finances/#comment-13511 terrence Mon, 12 Jan 2009 15:22:25 +0000 http://www.doublejourney.com/2009/01/11/how-to-split-the-finances/#comment-13511 It depends. Normally we would just let one person pay and try to make it even as possible. I would may more often than not. For things that weren't really "dates" but just us going out to eat we would handle that by just using out method. When we used to actually add things up at the end of the month, we would just put the date bill into the pot, add it up, and then pay it out of the common fund. Now, I don't really think about it because we consider this common expense. She gives me a set amount every month that "covers" whatever we do for the month. Since this is paid out of common, in theory she is paying for 28% of the date. However, since it is a fixed amount, her marginal cost is actually 0. It depends. Normally we would just let one person pay and try to make it even as possible. I would may more often than not.

For things that weren’t really “dates” but just us going out to eat we would handle that by just using out method. When we used to actually add things up at the end of the month, we would just put the date bill into the pot, add it up, and then pay it out of the common fund.

Now, I don’t really think about it because we consider this common expense. She gives me a set amount every month that “covers” whatever we do for the month. Since this is paid out of common, in theory she is paying for 28% of the date. However, since it is a fixed amount, her marginal cost is actually 0.

]]> By: Andy http://www.doublejourney.com/2009/01/11/how-to-split-the-finances/#comment-13510 Andy Mon, 12 Jan 2009 13:24:09 +0000 http://www.doublejourney.com/2009/01/11/how-to-split-the-finances/#comment-13510 I like this agreement and in fact, my wife and I do something very similar. We kept our own checking and savings accounts when we got married, but did start a joint account. Each month, money is deposited into the joint account based on our percentage shares of income and all common expenses are paid from this account. We also share an online savings account to which both of us contribute. Like you, since we have our own checking accounts, personal purchases are not argued over since the remaining money (after deposits into the joint checking and savings) is our own. Since I make the majority of the income and because my income fluctuates dramatically (100% commissioned), I have urged us to stay away from credit cards. So, we've kept our own cards, never having opened a joint credit card account. I like this agreement and in fact, my wife and I do something very similar. We kept our own checking and savings accounts when we got married, but did start a joint account. Each month, money is deposited into the joint account based on our percentage shares of income and all common expenses are paid from this account. We also share an online savings account to which both of us contribute. Like you, since we have our own checking accounts, personal purchases are not argued over since the remaining money (after deposits into the joint checking and savings) is our own. Since I make the majority of the income and because my income fluctuates dramatically (100% commissioned), I have urged us to stay away from credit cards. So, we’ve kept our own cards, never having opened a joint credit card account.

]]> By: How to Split the Finances | Double Journey « Planning4Prosperity.info http://www.doublejourney.com/2009/01/11/how-to-split-the-finances/#comment-13509 How to Split the Finances | Double Journey « Planning4Prosperity.info Mon, 12 Jan 2009 13:04:46 +0000 http://www.doublejourney.com/2009/01/11/how-to-split-the-finances/#comment-13509 [...] Original post:  How to Split the Finances | Double Journey [...] [...] Original post:  How to Split the Finances | Double Journey [...]

]]> By: JennySmith http://www.doublejourney.com/2009/01/11/how-to-split-the-finances/#comment-13508 JennySmith Mon, 12 Jan 2009 05:52:05 +0000 http://www.doublejourney.com/2009/01/11/how-to-split-the-finances/#comment-13508 If you two go on a date, how does that figure in to the equation? Would she cut you a check for 28% of the date? If you two go on a date, how does that figure in to the equation? Would she cut you a check for 28% of the date?

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