I was reading a certain blog for other reasons and ran across their entry about whether married couples should combine finances. This is definitely an emotional issue and as a result, people become very opinionated about it. Predictably, I’m sure, I have my own opinions, and I thought I’d do better writing about them here than letting them get lost in someone else’s comments.
I am divorced, so obviously I have been married before. My experience then was that we combined our finances. We had a joint account, and when either of us got paid it went into that account. Now, after my son was born (I think; I don’t remember for sure), I began arranging for a percentage of my income to go to a savings account I had back home that had been open since I had started high school in 1992.
I got married in ‘01 and I think I started doing the savings thing in ‘01 or 03, so do the math. But I thought it would be stupid not to put any money away for a rainy day. No specific reason why, I just vaguely felt it was something I should do. WSe didn’t have it back in the day, but now students can easily compare their hourly pay to what that would mean in a full-time job.