For those of you who are married or have a partner, How do you handle your finances with your partner? Do you have joint accounts or individual accounts?
Going on two years of marriage and I have decided that its probably best that my wife and I have seperate accounts. By having seperate accounts, she is entitled to her spending money, as well as for me. We are both professional individuals and are tight to where our spending goes.
I plan to have a checking account for bills. A percentage of our individual check will go to this account to pay all bills. We both will have an individual account but with authorization to each others account.
What do you guys think of this Idea? I'm trying to figure out the best way to handle our financials that pleases us both.