what's the point
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NO.
you said yourself he has bad spending habits.
what do you think is going to happen when he has access to your money?
keep things the way they are. |
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?
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Why not get married first-- then do that! |
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matzael
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Why not get a joint account for household bills and then each of you maintain your personal accounts for everything else?
Each month you each transfer your share into this joint account and pay bills from there. It adds an extra step, but that way neither one of you feels the other is encroaching on their personal finances. |
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Gary
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Divide up the bills. Keep your accounts separate. What would happen if your relationship went sour tonight? Do not buy a house together either. Get married or get someone else. |
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joes_mom86
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NO !!!! why dont you both have seperate checking /savings accounts and you pay your bills let him worry about his. if he spends too much its his problem same as yours if you do the same. |
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a k
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Depends. But with three solid years between you two, you should know him best. If you're truly up there in his priorities, he wouldn't dream of letting his spending habits get the better of you. |
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Retired
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It would be a major problem that you don't need. Work out a system where you pretty much know what you need to pay for the UPCOMING month and one of you take that money. At the end of that month you make up any your short and put in for the next month. Don't combine, it's a pain in the butt. |
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JUSTME
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Since you are not married, I would say to keep seperate accounts. Less of a hasstle. This way, you both have your own money rather than joint money. |
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musilam
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yes thats very fine , this will help him out by guiding him and reducing on his terrible and bad spending habits which may lead you to being bankrupt.And so vry important to put the in aseparat account that is owned by one person because how sure are oyu that he will stop that habit any way? |
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Ashes
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No. No. No. No. No. No. No. No.
My fiancee and I got a joint account....and broke up three months later. AND I was on the receiving end of the "Got Screwed" punch in the face.
IF you have more bills, AND he has worse spending habits, not only will your bills not get paid, you will both be constantly bickering over what gets paid and who spends more of who's paycheck. And then if you split after fighting for six months straight, he will have access to all your cash, and vice versa. This can get you into BIG trouble. Once you are married, there are laws to protect you from your spouse running off with all your assets. But just dating, you are out of luck.
If it is getting annoying putting money into each other's accounts, I suggest trying a different method of splitting bills. You could open a joint household account to pay out the bills, and at the beginning of each month you both dump your half of the money for all the bills into the account, and pay from there.
However, remember that if you are having this much trouble paying your joint bills now, it can only get worse as time goes by. I suggest sitting down and making a financial plan together. Decide "financial importance" of various things. For example, does rent get paid first, or your cell phone bill? Is food and gas more important that clothing and beer? Which one should take precedence, a new uniform for work or your car payment? Buy new or used? Shop around for deals, or get the pricey but slightler nicer looking item you saw in the magazine?
Create a plan and budget and stick with it. You want to solve money problems NOW, before you both start fighting and wind up APART. You might also see a mediator or pre-marraige counselor who can help referee your process. |
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Liz
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if you trust him then yeah you should, you two have been together awhile, but something could happen..and he could get really mad and take all the money you have, so in a way it could be good or really bad. your decision though. |
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Serge M
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You could open a joint checking account and each put in enough money to take care of one month's expenses. You should agree on which expenses are to be shared, such as utilities and rent, and which expenses are personal. Each month transfer enough from your personal accounts into the joint account. Then if you decide to split up, neither of you can lose a lot by having the other empty the joint account. |
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galaxy_b
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I think you should NOT have joint checking...if he's bad with money he might be tempted to spend YOUR money on something for himself.
Even married people have separate accounts...not necessarily because of trust issues they have separate accounts because it's just good to have your own money never know when you might need it. |
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Hot Chocolate
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Not a great idea |
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Feeling Mutual
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No.
After you are married, you can get joint checking. |
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Keep On Trucking
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Get married or keep your accounts separate. You apparantly love him enough to be with him for 3 years, to live with him, and to get an account together. Why not just get married and make him legally obligated to take care of your money?
Either that or just have one monthy money-exchange meeting where you sit down with all your bills, a piece of paper, and a calculator and figure out who owes what. |
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Mojo J
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Apply for a Visa Debit card, that way you can pay for share expenses without the hassle to split your bills every time. It works like a credit card but instead you're spending the money you guys have desposited. |
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California_Kyd
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Make sure its something that you realy want to do . Nothing kills a relationship more than money . |
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J
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Keep your account and open a joint account with him. Fund the joint account with about a month's worth of your half of the expenses. He should do the same. Pay agreed upon the bills out of the joint account and refund it each month. I don't know what to make of his terrible spending habits. You might agree that he uses his debit or credit card to pay for those expenses and pay for them out of his own checking account. You need to solve these terrible spending habits or it will likely lead to a breakup. |
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hershey
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Not a checking that your pay check goes too. Maybe a checking for bills only and you transfer the funds from your checking were you have direct deposit and put the money for the bills in the joint account and so should he. |
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