How to successfully blend finances after marriage?
Posted By admin on August 4, 2010
My husband and I have been married almost 3 years now. We still have not been able to successfully blend finances to where we are both comfortable. I would like some suggestions from couples that have been able to effectively merge their finances.
Thank you for the help!
10% – Tithing (church and local charities)
25-35% – mortgage
5-15%Utilities
We have set amount of "blow money" every time someone gets paid so that we have our own spending money.
Take care of all expenses like Food, Gas, Club dues, or anything else with remaining money.
What ever is left over goes into savings account. There are college savings account, our savings, and an emergency fund if it needs to be replenished. Retirement accounts are taken care of before we even get a paycheck (automatic).
We have a budget meeting once a month. At first they were time consuming but we are experts now and they take about 15 minutes or less.
Comments
4 Responses to “How to successfully blend finances after marriage?”
Leave a Reply
Please note: Comment moderation is currently enabled so there will be a delay between when you post your comment and when it shows up. Patience is a virtue; there is no need to re-submit your comment.
I just needed to say that I found your website via Goolge and I am glad I did. Continue the great work and I will make sure to bookmark you for when I have far more totally free time away from the books. Thanks!
10% – Tithing (church and local charities)
25-35% – mortgage
5-15%Utilities
We have set amount of "blow money" every time someone gets paid so that we have our own spending money.
Take care of all expenses like Food, Gas, Club dues, or anything else with remaining money.
What ever is left over goes into savings account. There are college savings account, our savings, and an emergency fund if it needs to be replenished. Retirement accounts are taken care of before we even get a paycheck (automatic).
We have a budget meeting once a month. At first they were time consuming but we are experts now and they take about 15 minutes or less.
References :
http://www.daveramsey.com
maintain your separate accounts but open a joint account that you both contribute to equally
References :
I think you can start off with one joint- for bills and shared items; then you and your husband should get your own individual checking accounts for your own personal use. Or do one joint, then two individual savings accounts.
References :