How Should Married People Manage Their Bank Accounts?

How should married people manage their bank accounts? I have some sound advice for these newlyweds.
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[@NicoleOfferman]

Been doing this with my husband since before we even got married and works out great for us.

[@stefanycalix9120]

From the leftover money after having paid bills and having out in savings, do you guys take equal amounts into your personal accounts?

[@conorharris2451]

How did you decide to what percentage to pay into the joint account?

[@XeRo333]

​@@conorharris2451 Dave Ramsey's said a good percentage to save is 15%-$20%

[@thomasparker1486]

​@@conorharris245150/50

[@cw6410]

That joint account is key, that is where all bills, food, clothes, are paid from. Honestly really the only thing my wife and I use our other account for is for gifts for each other

[@barbaraplasencia9968]

And how do you do it with the joint account? Is it half and half? I need to learn how to mamage this as i was raised only by my mother and i have no idea about these topics but i wanna avoid future discussions.

[@AndrewB552]

@@barbaraplasencia9968 I work full time and my wife is a stay at home mom. It's not "my salary" it's "our salary". If she started working again, it wouldn't be "her salary" it would still be "our salary". Luckily we are both frugal have a high income so we never really overspend. But if we needed a budget, we would build it together. Part of that budget could be eg "$200 per person for random spending". But this has nothing to do with where the income originally came from. That's basically what the original comment was describing.

[@supermariothecanecorso1521]

Actually great answer

[@shelleygreyrealtor]

Moe Mohamed I never saw it that way. Steve really answered this perfectly.

[@penelopepitstop762]

I totally agree! We have a joint checking account and we each have our own personal checking account, plus we each have various savings accounts. We are not millionaires by any means - just smart with our money. I have about 5 or 6 savings accounts and each pay period I have money automatically drafted into those accounts. I have savings accounts for each of our children, my retirement, a vacation account, and a separate Disney World account. My advice I give my children is to save, save, save - even if it's just a little bit.

[@boodadavis4782]

Thank God for this response Unc Steve. Over & over I’ve been told a married couple should combine all finances b/c the Bible says “You are now one”. Me & my wife still have our separate account but also have a joint account. It works for us & we still wouldn’t hide what’s in our personal accounts if for any odd reason we needed to know. I hope was still are pleasing the Lord but it really has been working for us thus far. We never ever fight about money which is a huge blessing

[@theeelevatedsongstress]

I think people take that too deep, I don’t think y’all have to share an account to prove y’all are one I mean married couples don’t share to share one car unless they need to but otherwise both parties have their own, so yeah I agree with him and you. That is a wise decision.

[@NaturallyTierraLynn]

The Bible also has a talking bush in it. Do what’s best for you !

[@allanathomas6977]

I love Steve's answer...

[@marymay3319]

Great answer. 4 accounts work for us. You base this on how much money you all make, then estimate your monthly bills and go from there. It's how you manage your money. Set up your accounts the way it works for you all.

[@lostleong]

what is the other two accounts after the joint and personal?

[@MrMrBaseball22]

@@lostleong you have the bill pay account, husband personal, wife personal, joint savings. Those are the 4 accounts.

[@lukerider479]

What happens if you have a kid and someone stays home and no longer works. What if one gets sick and cant work? Who pays for the big tv if its a household item that he wants and she doesn’t but both are going to use? If you cant decide together on items that are personal how can you expect to be able to agree on houses and cars?

[@UrbanAfricano93]

Very good and smart answer. This is why I have my own account now. Nobody tells me how to spend my money

[@user-wc7xo6ds9o]

Then don’t make him use his own money to pay for you

[@noeltube1797]

IF YOUR WIFE IS A STAY AT HOME MOM, SHE SHOULD GET A MONTHLY ALLOWNACE. And I don't mean a tight allowance, I mean one that allows her to feel appreciated for all the work she does for the home. As a man, this is the only way.

[@befree9579]

$100 for her fun

[@lw4611]

@@befree9579depends on your income but $100 doesn’t bring you very far

[@olivialucero6811]

“Allowance”? Tf? Why not just have a joint bank account she can use?

[@michellea9522]

@@olivialucero6811 because he says “stay at home mom”. How the mom going to get income to put in the joint account??? Unless if she works from home …

[@olivialucero6811]

@@michellea9522 there’s no income it just gives her a place to access funds for her and the family.

[@sarahgaither3626]

This is perfect! My fiance and I have been trying to decide if we should start combining everything or not (the way we do it now is complex and annoying to track). I'll show him this video. So straight forward and easy.

[@francoisnguyen6623]

If you’re unwilling to combine finances then that’s and indication of deeper marriage issues and not really about finances. You’re not on the same page don’t have the same goals as a married couple. There should only be 2-3 accounts. A day-to-day chequing, 1-2 savings accounts. All accounts need to be joint. Personal spending money should be part of the budget. Each person can do whatever they want with their spending “allowance”. The amount each month can be agreed upon. That’s why it’s important to do a budget regularly. Preferably monthly

[@Kamsi-yj7si]

The greatest empowerment every woman should have is being empowered financially and mentally. This way you will be at the top of your food chain. Being finally free is one thing every woman should be looking after. I wasn't financial free until my 40’s and I’m still in my 40’s, bought my second house already, earn on a monthly basis via my investment and got 5 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made. Great video! Thanks for sharing! Very inspiring! I love this.

[@alexandria4401]

Girl you knew he was a spender and wanted to marry him... y’all should work on it before the wedding and set up a plan.

[@pure.bengal1224]

Successful people don't become that way overnight. What most people see at a glance- wealth, a great career, purpose-is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life..

[@heinz86]

I.bitcoin 2.Stocks 3. forex

[@jomarcarloorlanda2940]

we have 5 accounts. Joint, 2 Allowance, Savings, and kid (college fund). All income will go to the joint (considered as family income all bills or autopayments are charged here, but we also have a joint credit card used to pay items can be charged with a credit card. this includes groceries gas all expenses to take advanrtage on cashbacks or points. Credit card bill must not exceed the average deposit on the joint account.). We get both monthly allowance fix (if someone works overtime we he/she gets 50% of that overtime pay for allowance). In the savings account (we autotransfer a fix amount and whatever left in the joint account at the end of the month goes to the savings.) The kids account gets a monthly fix autotransfer (also from our overtime 10% is added) We treated our family income as how businesses do their financials. never again did we end up spending more than our monthly income and get burried with credit card bills.

[@tightywhitey9779]

Thank goodness my wife and I have always been on the same page about money. It’s pretty simple for us, if it’s a need, then no questions asked. If it’s a want, then it’s not a need 😂

[@NM-ok9wb]

You should do this before marriage too. The most common breakdown is 50% necessities, 30% discretionary, 20% savings. Obviously play around with the percentages based on your income and needs.

[@m4nny98]

never combine finances if you aren't married.

[@Mina-rb5ut]

Dave Ramsey would say “ Combine all income” lol. I like this response so much better

[@alexmusso]

@@rm5146 No, he’s not. People in a relationship built on trust and values would have no issue discussing how they want to spend their money, man and woman. You shouldn’t feel like you have to hide your spending. And you certainly shouldn’t be living separate financial lives if you are actually committed to your spouse-‘til death do you part.

[@cw6410]

I think Dave Ramsey basically says the same thing. The key part is that joint account where all bills are paid out of of.

[@Folipas34]

The obly difference to dave ramsey is that he suggests putting the personal money in an envelope instead of a bank account.

[@mariannebrandon8891]

Yeah I have seen some DR videos. I don’t share his religious or political views but will watch for the financial advice. I do heavily disagree with him though on combining finances. Steve’s approach is smart.

[@whothou]

@@cw6410 no the key point is the joint savings.. His push is to teach people how to attain wealth. He wants married couples to be combining their money to hit savings goals, pay debt and more a lot faster

[@vp1165]

Bless you uncle Steve

[@nerdynoa]

I love this and wish my gf would see this to understand what I have been trying to tell her

[@saurabh_mayekar]

Same here bro

[@Vgamefrk1]

This is much better than Dave Ramsay’s opinion of just combine everything all the time.

[@cindyshupak8389]

No. No woman on the face of this planet wants to have to ask her husband for nails 🙄 hair and I have been trying to deal with this crazy situation for a year now. I'm married, yet treated like a child. Everyone's got a breaking point. Even items for the kids are scrutinized. It's both demeaning and disrespectful.

[@DanielRomero-xd8kw]

We got bills shorty

[@JosePerez-gd7sm]

And no man wants to ask his girl to go out with his friends but we still do without a thought right? Grow up lady

[@pmartin6086]

That's financial abuse.

[@KingSekekama]

Then get your own money

[@vickimerritt2832]

@@KingSekekama and get your own maid and nanny, and pay for your sex fun too.

[@Jeet00978]

It sounds great when a wife or a woman earns her own money and contributes to the family's finances, sharing the responsibility and feeling empowered

[@michellea9522]

You right. It “sounds” great. But most can’t because their a stay at home mom. So how are they to contribute ?

[@tboykin13tb]

Rgt Rgt Keep that part tight cause 💰 always become an issue in relationships & will kill a marriage. Yasssssss to the person who gave Unc that advice & Yasssssss to Unc for sharing said advice... 😉👍

[@KaoriKino]

Separate accounts are so important... you don't want to have your partner breathing down your neck about every penny you spend.

[@Meek2001]

I 100% agree with steve on that one

[@minimalist_spreadpeace_behappy]

One of the most important video I ever watched

[@justinduhimbaze5062]

Watching this is very interesting at this time. Thanks Steve for always shedding light on these big topics

[@shekiera6]

Yes this makes so much sense !!! Great answer !!

[@SandhiBisht]

1:00 4 bank accounts

[@bustabarbiegirl]

That savings account should have high interest yield

[@BossChronicles]

Great advice and system

[@jmurray5632]

Maybe someone out here can answer, but how do you determine how much goes into the joint account?

[@chrisc3162]

You have to negotiate that as a couple. If you can't come to a fixed number as a couple, then don't get married. The best thing to do is put ALL of the income into a household account, and then move an EQUAL amount into each spouses monthly expense account ($200 each month for example). Pool your incomes together, and give each spouse a fixed $ amount of spending freedom for each month at the same time. If anyone gets laid off, you reduce EACH person's individual expense accounts to make up the difference. If one person wants to blow their $200 each month and the other wants to save, that's their business.

[@shelleygreyrealtor]

Steve D answered very well. I would also add that if as a family when you would like to make investments or family trips you can have a separate account for that as well. It helps both people when everything is transparent. And when you know that you're putting $100 out of your paycheck to go to Jamaica at the of the end of the year, it makes it easier to save because you'll have a goal in mind. This is why it is easier to create wealth when you're married. But both parties need to be on the same page and be able to contribute.

[@jmurray5632]

Thank you both!

[@lynnellechappell3337]

🙏🏽 That's backwards. Steve explains elsewhere that all the money FIRST flows through the joint checking account. Then you decide as a couple how much will go to savings and spending accounts each month.🙌🏽

[@redandblack9795]

@@chrisc3162 what if the man makes more money then the woman ? Or the opposite?

[@monasingh0201]

Most wise thought I have ever heard from a man.

[@mberrynunez]

LOL!🤣🤣🤣👍

[@Beebeechannel2]

I agree

[@nataliemairesmith7586]

This is crazy but my husband and I are joint on all accounts we have no money separate from each other and we have been that way since he turned 18 that was 11 years ago. We make plans and spend as a joint decision.

[@nicoladavis6379]

Steve Good advise but not everyone has enough money for 4 accounts

[@shelleygreyrealtor]

Nicola Davis then he definitely should not be buying shoes, lol

[@linhtranlephuong1001]

We still can divide our money into 4 parts tho.

[@dodekaedius]

You can even split 1 dollar into four quarters

[@shandalewis3194]

Great advice

[@minigol91]

I agree with his answer

[@AndySaenz]

Wow, that’s excellent advice, Steve!

[@dragontiger624]

Great advice, but would having a personal savings acount be reccomended since you have a joint savings account

[@mcpheefan21]

This is weird. I actually agree with Steve Harvey on something.

[@brickbabygenerationbbg2941]

He always give good advice

[@breannaodom232]

What about things for the kids? How would you decide on where that money comes from?

[@xxbombiex3xx]

Perfect answer

[@MagicApple03]

Wish I had that much money to have anything left after bills & rent, food is hard to get if I don't get help from people or a church. One day, if things get better, maybe I will have those 4 bank accounts. Good advice though Mr. Harvey, blessings to you

[@prod.starstruck]

your first problem is saying 'if' things get better. why not say 'when' things get better because they will and im confident in your success as long as youre confident in yourself

[@MagicApple03]

@@prod.starstruck I think that can be a bad statement. Things have only gotten worse in my life, 10+ years of things just sliding more downhill, so I don't suspect they will get better any time soon at this point. I feel that you need opportunity, connections, and money to make things happen. My husband and I don't have any of that, but we keep trying. Thank you I appreciate your words.

[@uwuseokie4123]

I think having all those accounts is easier if theres two incomes. You can put % away and start off small. Like you said its better to get essentials out of the way first.

[@mameh.8116]

Oh greeaaaaaat answer STEVE...

[@masazizul1210]

100% agreed. Thanks steve

[@wildkitty4eva]

FACTS 🤣🤣Finally some advice that I was correct on 🤣

[@lucyv4416]

Yup! We do that!

[@TOLO_YSOO]

My husband is paying for everything while I cook clean do the laundry and sleep thats marriage in my world men provide women take care 💗

[@symt3880]

Hallelujah for that awesome answer

[@Nickojunior]

First time he answer good 😂😂😂

[@mcpheefan21]

I was just about to say that 🤣

[@tiffanyruchugo3456]

That's my college friend!! Lol...I agree with Steve tho.

[@darkgoddesstantra9999]

Real talk!

[@googlesu]

AMEN!

[@wintermoon9144]

Best answer.

[@kingnb]

Yeah

[@its_just_marvlus]

Oh i thought he said 5. The 5th was for wants like vaca trips, shopping, etc. But i got the rest noted good

[@joshuaklith7225]

Why can’t you do both? Have half of both of your money go into a joint account and the other half address your student loans, car loans and independence investments. The joint everything has been around since “ the stay at home mom generation.” Women work and have incredible careers today. Why do you join everything? Like I want to have a dispute every time I take $200 out to buy stocks or $15 out for a lunch every now and again. It would come out of my separate account. Let’s think differently instead of doing the way we’ve done it in the past. Society has changed. Steve has the best answer

[@lynnellechappell3337]

🙋🏽‍♀️ When you're married, you are ONE so each person putting 1/2 of 'MY' income creates its own issues. Man is the head and woman is the helpmate so a "couples income" is a combination of both efforts combined. Steve said elsewhere that all the money FIRST flows through the joint checking. Then, decide as a couple how much will go to savings and spending accounts each month. 💰

[@uwuseokie4123]

@@lynnellechappell3337how are you one if you're second to the man. You share a household and you are your own person. You probably like different things. If you're a spender but want to be responsible you put away money in those 4 accounts. Its called responsibility and being financial freedom. You're not joined to the hips. And dual income any of the partners regardless of gender can earn more etc. Thats why they need to figure out a proportionate % to put away. If everyone is communicating then making shared purchases and personal ones can be very simple and easy.

[@princemarora]

GREAT ASNWER - Hats off - very wise

[@salimatoudiallo3363]

Ohhh my god this touch me so much i feel bad about my self anything i want i must Ask my husband like evrything i feel ashamed and he dont want me to work i really want to😭

[@houseofschenck6230]

Why doesn't he want you to work?

[@jjjellyjen33]

excuse my French!!! but hell yeah I agree

[@telugublogsuk9406]

I agree with you Steve but why did my husband always want to check my account? Despite of me paying all the bills every month?

[@Buffboi98]

So what if the two couples make dramatically different incomes? How are things split??

[@XeRo333]

Steve answered this in another video I saw. He basically said if you're married you combine all the income into one account. What's yours is hers and what's hers is yours. That once you're married everything becomes one. Once the bills are paid put money into a savings account and then your individual accounts. I think it sounds like a genius idea. That way bills are paid, money is always coming in & you can spend on things you want without checking in with the other for worry about going over a budget

[@KentangLoYo]

Damn, that's exactly what my parents do!

[@azibmattar]

Good advice

[@AtlantiXYL]

But what do you do when the other person empties their account and then try to tap into yours by simply asking for money like.."hey can you transfer $400 to me"...

[@tajaking4946]

I know this question was posted a long time ago but I personally feel like you will know a person's spending habits before getting married. If that person is constantly asking you for money to transfer than theirs your answer. This person should fix that problem before getting married. Though some people don't believe in marriage, its still important to know how your spouse manages their money before moving in together and having accounts together.

[@lynnellechappell3337]

😂🤣 We've been doing it this way and never had that problem. I think if ever came up, you treat the other person like you would want to be treated. Maybe have a discussion on if that person has spending problems or if we need to adjust the spending budgets amounts if the household finances can support it. 🤷🏽‍♀️🙏🏽💅🏾

[@rockwithyou2006]

that was such an oversimplified answer, its a lot more complex than that

[@threepiecewithasidebiscuit3527]

Tried to do something like this but the foundation of our relationship was my money is her money and her money is her money. Now we’re no longer together. TEN DAMN YEARS! 🤦🏾‍♂️😩

[@TheGuniverse2k]

What was the 4th one! Is the savings counted as one from the leftover bill money?

[@treydeuce8479]

I believe in 3 accounts and whoever earns more puts a higher % into the joint account . Doesn’t have to be a lot more just a higher %

[@worldbestalways]

Yes but how much percentage??

[@josh61175]

Interesting... What would you say to the percentage problem...if I make 100k she making 40 do I pay the majority of the bills or do you go half and half... I plan on combining it all

[@lynnellechappell3337]

🙋🏽‍♀️ There is no problem combining. When you're married, you are ONE. If one makes $100k & the other makes $40k then you BOTH make $140k. Steve said elsewhere that all the money FIRST flows through the joint checking. Then, decide as a couple how much will go to savings and spending accounts each month. 💰

[@myha01224]

Wouldn’t be fair to split the bills 50-50 if you make 60% more than her. What does that leave her for savings and personal spending?

[@PaddgettAtPeppa]

Hey, Steve always want to meet you.🙋🙋

[@_abhishekmj_]

And how much money you will put in that joint account each from your personal account ? I think thats bigger question ..

[@garretthorner6739]

Why does Steve's Mustache look like he ordered it off Amazon?

[@PaddgettAtPeppa]

I have a story to tell and it is so good.all woman will be blessed by it.🙋🙋

[@seanlankarani1144]

Steve’s the man

[@monicaslifehacks6149]

It's really good advice!!! So Now I really hope they find their way to manage the Budget for their life.. It's not easy to find agreement but God has a way, most of the time trough wise people.. thx Steve you are Amazing !! Btw a really good guy for finances is also Dave Ramsey.. he helps people with budgeting & also be real and have a better future.. In case you're reading this and you have depths - start to do the Babysteps Programm.. it will change your entire Life!! Bless you all!!

[@Kaodusanya]

Dave Ramsey would hate this answer btw.

[@reabetsweimanmoabi7911]

Want to take th8s advice

[@groc4234]

And this is why I'm never getting married... situations like this cause problems down the line because couples financial situations change. But personally as a man I would pay for everything, the house, bills, furniture, cars, everything... and let her keep all her money, of course i would have a prenup and would keep everything if things went left.

[@uwuseokie4123]

I think partners need to be in the same financial mindset before getting serious. Need to open and communicative about it and soon you can even be excited over finance and the future. Doing all 4 accounts is a smart idea. I think if you have a dual income this is the best for everyone with less burden. Remember you are partners. You share things but have your own stuff and individuality. I don't think you should burden yourself with everything on your own but communicate how you can be equal with finance. It creates less stress, burden and own sense of responsibility. Prenup is good because you can fairly discuss with your partner what happens on the if. Its better to be healthy. Its called partnership for a reason.

[@shaunfrick2043]

So how dose this work for couples on one income and one a stay at home parent? The stay at home parent personal bank account is going to run out eventually!

[@summerry2096]

Whats the percentage of contribution towards the joint acct? Is it 60/40 based on income capability or simply 50/50? Need help guys..

[@donnisdscalper.]

Hey Steve"

[@brentondudley4229]

I believe every single word he say

[@darienreed212]

Why can’t both people just have their own accounts? They can always come to an agreement on who pays which bills.

[@Angiessoothingsounds]

How do you decide how much goes into the personal accounts ?

[@XeRo333]

Split it evenly after putting money in the joint account and money in the savings account. Whatever's left over the two of y'all split it evenly

[@barefootonthegroundJulia]

I just count 3 Accounts, can u explain? my english isnt so good

[@femihocquart430]

Yup 👍🏾 👍🏾👍🏾👍🏾

[@alcyonae]

Great. So how do you decide how much money to add to the joint account?

[@noone-ld7pt]

In my opinion it should be discussed thoroughly in every couple, but there are three main philosofies: 1) You each contribute a certain percantage of your income. Making it so that the one who earns the most both contributes the most but also keeps the most. This is the mathematically most "fair" solution. But troubles may arise from both the one who contributes more and the one who has less personal funds. 2) You contribute a specified amount each month, this leaves the one who earns the most with significantly more personal funds which can be a cause for problems, but on the flip side there are at least no disputes or relationship problems that arises from who has contributed the most. 3) You both keep a specified amount for personal funds every month and contribute the rest, this leaves both with the exact same personal funds, which may or may not make sense based on your spending habits, but there could arise troubles from one feeling like they are contributing more. I personaly like nr 3, as I am generally not a big spender at all. So I would just plain out ask how much my partner feel they need for personal funds every month, and they will most likely suggest way more than I need. Which I enjoy cause using some of those personal funds on each other is one of the best way of surprising each other and showing appreciation! I also have no problem feeling like I contribute more, as I think I am grossly overpaid, and think my partners job is way harder than mine and she should earn way more.

[@lisabanks7742]

Great advice. It’s the reason why I’m still not married to my 10 years Fiance. He’s a big spender-constantly buy buy buy. On the other hand, I’m frugal.

[@Kiwalabyetimothyshsh]

Nice idea thou will save in Btc

[@uwuseokie4123]

Idk why it's confusing to people that marriage is sharing a household yet you are your own person? It sounds so tiring and off putting that you're joined to the hip in everything. Be open to finance and be communicative in everything you do. Have 3 accounts - joint, savings and personal. (Plus investment). This gives clarity on shared expense, future proof in whatever situation and do your own thing with money for YOURSELF. If you have more personal money who cares? Thats your individual right? If you see that you need to invest more for both of yall then do that 🙄. I don't understand why this is so hard... finance is the first thing every partner should talk about and clarify its literally survival and individuals coming together. Saying everything should be together sounds immature and idiotic. You need to future proof everything you never knows what happens and don't forget you are your own person first.

[@mberrynunez]

Great financial advice from Steve!🤗👍 However, unfortunately nostalgia doesn't make a good foundation for marriage. Move on to someone that's more compatible with your priorities. Even if you have separate bank accounts for personal expenses, you'll quickly start to resent his spending habits and see it as a lack of regard for the future that you're trying to build together as a couple. Do yourself a huge favor and move on.

[@sarcastic_hi6526]

1:00

[@CodyWard-gz4iv]

He never said what the 4th bank account was.😢

[@XeRo333]

I'd say either retirement or emergency account

[@tanes2570]

I thought he said a joint for bills, a joint for savings and then one personal account for each.

[@coranesmith3906]

This is the second time I hear Steve saying four accounts and just mentioning 3 accounts. What’s the fourth?

[@tanes2570]

Joint for bills, joint for savings and one personal account for each. That’s 4.

[@chrisc3162]

Steve's answer is incomplete. This does not answer her question about how to manage money other than to split it up. How much can this guy spend? How much should she expect him to contribute to the household? What if he makes 200% more than she does? What happens if HE gets laid off? What if SHE gets laid off? What happens to the income when SHE wants to take time off to raise children? THESE are important variables here and Steve ignored those completely.

[@echakamonjok]

Steve D True but Steve gave them a great place to start. Have a joint, have savings and have a personal. When it comes to his personal spending, he has his account and she has her's. I just would've mentioned before getting married and throughout marriage, fiances is something to talk about and address everything that needs to be addressed about managing money. (budgeting, what needs to be put in savings, what happens if someone gets laid off, etc.) Just have a conversation!

[@chrisc3162]

Well, from what this woman sounds like her spouse is NOT keen on conversing at all. I have seen this too many times. MANY spouses think they can solve the problem of a wastrel/overspending spouse with some careful budgeting and a separate bank accounts. This does not work for the long term. If this guy she's engaged to cannot find a way to curb his spending habits and respect the households financial needs she should not marry him. Sorry, but I have just seen this scenario far too many times. Women think they can bank and finance around a spouse who does not manage money well. Educate them, invite them to cooperate and contribute like a grown adult. If this guy insists on burning through every dime he makes she needs to cut her losses sooner rather than later.

[@echakamonjok]

Steve D Absolutely! I wouldn't want to marry someone that's financially irresponsible. If he can't respect the households financial needs then it won't work. I would just have the conversation first. I want to see if he wants to change and does change his spending habits. Conversations like finances should happen before engagement happens. She should educate him and invite him to cooperate. If he doesn't even want to have a conversation about it then it definitely won't work lol.

[@chrisc3162]

It sounds to me like she just wants to create separate accounts to avoid having to argue with him.

[@shelleygreyrealtor]

He did answer. Steve said to have separate accounts where after the bills are paid and money has been set aside for combined savings, then they can spend the residual money in their accounts, how each person sees fit. I am very frugal and love to save and my hubby is the same way. I don't think I could have ever been with someone financially irresponsible because I am naturally a saver, but I think Steve gave excellent advice. Steve can't say how to allocate the money because she didn't give specifics. We don't know how much they're bringing in, how much they're spending, etc.

[@varunpandey6297]

1:43

[@user-cf1go7hp2w]

My husband gives all his money for me. I feel more secure