http://www.bargaineering.com/articles/alternative-ways-to-coupled-finances.html personal finance blog with anecdotes, advice and commentary. Sun, 08 Nov 2009 17:32:34 -0500 http://wordpress.org/?v=2.8.5 hourly 1 http://www.bargaineering.com/articles/alternative-ways-to-coupled-finances.html/comment-page-1#comment-301045 Adam Frazier Tue, 31 Mar 2009 16:35:57 +0000 http://www.bargaineering.com/articles/alternative-ways-to-coupled-finances.html#comment-301045 Trying to purchase an engagement ring for my girlfriend. Was trying to see the options of having it deducted straight out of my paychecks. Trying to purchase an engagement ring for my girlfriend. Was trying to see the options of having it deducted straight out of my paychecks.

]]> http://www.bargaineering.com/articles/alternative-ways-to-coupled-finances.html/comment-page-1#comment-184805 Jack Tue, 13 Nov 2007 20:09:30 +0000 http://www.bargaineering.com/articles/alternative-ways-to-coupled-finances.html#comment-184805 I have talked about having a Joint account for the main bill-pay, and separate accounts for each of us (me and the missus) with many people - and most of them say we are nuts to have so many accounts (we have joint checking & savings, and each have our own checking/savings). But we find it is the best solution for "fun" stuff and other day to day discretions - eating lunch at work, buying an occasional fun "toy". And now that we have a kid, we have opened yet another savings account for him - and that is the best scenario, because while we feel free to transfer out of our savings to cover monthly expenses, taking from the kids account is emotionally a lot harder, it is "his" money, not "ours". Overall I suggest the multiple accounts for couples who want to pool their resources but still have discretionary funds available besides a cash allowance. One thing though, make sure you can access all of the accounts from the same login - we kept my login private from her and vice versa, and after a while that gets really old. I have talked about having a Joint account for the main bill-pay, and separate accounts for each of us (me and the missus) with many people – and most of them say we are nuts to have so many accounts (we have joint checking & savings, and each have our own checking/savings). But we find it is the best solution for “fun” stuff and other day to day discretions – eating lunch at work, buying an occasional fun “toy”.
And now that we have a kid, we have opened yet another savings account for him – and that is the best scenario, because while we feel free to transfer out of our savings to cover monthly expenses, taking from the kids account is emotionally a lot harder, it is “his” money, not “ours”.
Overall I suggest the multiple accounts for couples who want to pool their resources but still have discretionary funds available besides a cash allowance. One thing though, make sure you can access all of the accounts from the same login – we kept my login private from her and vice versa, and after a while that gets really old.

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