Comments on: How to Prevent Money from Ruining Your Marriage – A Step-by-Step Guide

By: Robert Chen

Robert Chen — Thu, 27 Aug 2015 02:48:13 +0000

In reply to josh.

Thanks for sharing your experience Josh. You’re right – the family should come first. We deposit the bulk of the money into the joint account to pay the family bills and any other family spending. The individual accounts are only funded after all expenses are paid including any money you’re setting aside for family savings.

By: josh

josh — Mon, 24 Aug 2015 17:12:54 +0000

This is a great idea, in theory. We did this for a while, unfortuately, my wife was unable to only spend the money in her joint account and has continually buried us in spending. It got to the point where I just took all the money I had saved in my account and put it back in the joint account so we could pay bills and gave up on the plan all together. I preferred having the money in the joint account so I had access to pay bills before it could be blown on junk.

By: Robert Chen

Robert Chen — Wed, 13 May 2015 03:00:20 +0000

In reply to Todd. Thanks for sharing Todd and congratulations on 19 years. I agree it's better to have access to your own funds. Saves everyone from needless debates on what's worth spending money on.

By: Todd

Todd — Fri, 08 May 2015 05:29:13 +0000

I should add… To be honest I don’t see the joint account… My wife manages it. I spend from my account unless we’re together and she says the joint has the money. I see her run every family penny through the account then sometimes complain that she needs more… But that’s still preferable to her complaining about where I eat or who I buy drinks for. I wouldn’t change a thing!

By: Todd

Todd — Fri, 08 May 2015 05:26:07 +0000

I couldn’t agree more! My wife is highly critical and would throw fits over some of my discretionary spending… And I’m not really OK with what she spends on her hair – so we’ve decided on a similar method… We have our pay checks deposited into our personal accounts then we contribute to the joint based on our income. For large items we figure out if we’ll split it or if one or the other has more money stashed away to cover it. It’s worked for us – we wouldn’t have 19 years under our belts otherwise.

By: Robert Chen

Robert Chen — Sat, 21 Mar 2015 02:35:10 +0000

In reply to Rebecca. Hi Rebecca, I think it'll work for your situation. If you pool all of your money together and pay the bills off first, you may not have much left over but at least the bills are paid. It sounds like the next step is either increasing income or decreasing expenses so you both can have more discretionary income on top of savings.

By: Rebecca

Rebecca — Wed, 18 Mar 2015 06:29:21 +0000

advice for a working couple (both have full time jobs) who can barely cover their bills?? would this work on a lesser scale??

By: 6 Tips to Get Along With Your Spouse that Works

6 Tips to Get Along With Your Spouse that Works — Sun, 18 May 2014 06:31:14 +0000

[…] This doesn’t mean we don’t argue but in the rare times that we do, we don’t get angry, scream or give each other the silent treatment. We openly say what’s on our mind and then deal with the issue. Other times, we are just amazed at how long we’ve been together and have a good time enjoying each other’s company. We’ve even set up our finances to prevent money from ruining our marriage (Click here to see what we do step-by-step). […]

By: Robert Chen

Robert Chen — Tue, 10 Apr 2012 02:07:13 +0000

In reply to Linda. Thanks for sharing your views. It adds value to the blog. The prenuptial is always a debatable topic.

By: Linda

Linda — Mon, 09 Apr 2012 08:04:38 +0000

In reply to Robert Chen. Mostly relationships are relationships, just between two people. Though I believe that the decision of signing a prenuptial, does depend on how much there is an wager on being financially secure. Really just contemplating.. so this is my last comment on this thought, before I go way off tangent.