DizzyDumpling
DizzyDumpling
18mo
by

Finances in double income couple [practical, not ideal]

This question is for married people who are managing finances or unmarried people who are sincerely looking for someone (in arranged marriage) and have a clear view on this. People in relationship who have discussed finances with future partner or are also welcome to vote.

Suggest other people to refrain as their perspective could be biased.

Feel welcome to comment.

Joint account where both put entire pay
Split common expense, invest separately
Common investment acc, spend independent
Money in separate acc but discuss spends
129 votesexpired
18mo ago
SillyJellybean
SillyJellybean

Married here . Tried different things and settled on money in separate accounts. Now We have unspoken code where we know who will spend on what and we don’t need to discuss. Only some spends we discuss if it is not for us . Worked well for us giving enough freedom for both to spend for those personal purchases which we don’t want to discuss. Our investments are also separate. Joint account and common investment accounts one of you might get screwed if you drift apart especially if you have been recently married . Only house which we are currently living in did a joint purchase, all others are separate

DizzyDumpling
DizzyDumpling
18mo

Makes sense. When 2 people with different upbringing and spending habits come together, they should accept each other and prioritise peace ✌🏻

BubblyPanda
BubblyPanda

This is the way

PerkyDumpling
PerkyDumpling

Combined account for common expenses put some money into it

DizzyDumpling
DizzyDumpling
18mo

Nice, that'd be a minor percentage of both your salaries.

PerkyDumpling
PerkyDumpling

Yes

BouncyTaco
BouncyTaco

We just split the expenses. Investments, savings, accounts are all separate.

BouncyTaco
BouncyTaco

The common expenses

DizzyDumpling
DizzyDumpling
18mo

Nice, that ways it's fair for both of you

ZoomyWaffle
ZoomyWaffle
17mo

We speak to each other and take opinions while spending a heavy sum. For day to day expenses we don't

DizzyDumpling
DizzyDumpling
17mo

That's nice and fair

GigglyBiscuit
GigglyBiscuit

You should give another option
Money in separate accounts but spend together

DizzyDumpling
DizzyDumpling
17mo

Sounds like the second option fits well with this

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