This is NOT how to deal with financial problems. Financial problems don't just go away if you ignore them.
I grew up in a financially unstable home. My parents always seemed to struggle, so I swore that when I grew up I would be totally different.
And by different I mean EXACTLY THE SAME! Holy CRAP! I have turned into my parents. Juggling money from one account to another trying to keep us above water.
When we got married we thought the logical thing to do would be to put all money into one account. One marriage, one bank account. This is how my parents did it, and since they did such a good job I definitely should copy them, right? (Don't get me wrong, I love my parents, I just didn't learn good financial skills from them.)
I have heard of other couples who have their own accounts and they divide the bills (he takes care of the mortgage and cars, she takes care of utilities and groceries). Do any of you do this? How exactly do you divide responsibilities? How well does it work? Would you recommend this to another couple?
We both have jobs so technically we could do this. It is just a totally different concept to me, so I need the low-down on it so I can try it (if it works).
2 days ago