North Dakota Nesties
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DH and I opened our first joint checking account last week and got our debit cards yesterday. I'm just worried about the logistics of bill paying and use of our cards. I've never shared an account before.
Re: A little nervous!
Me and Bri's system is basically the opposite of Becky's. We still have our direct deposit go to our personal checking accounts that we've had since before we met. Those accounts are ours to do what we want with so we don't have to tell one another about every little thing we spend our money on. On pay days, we have an automatic transfer set up that drops xxx in our joint savings. Then we just make the individual transfers into our joint checking account to pay all of the bills. Our joint savings and checking are linked so we can instantly move money back and forth between those accounts. We try to keep our majority of our money in the savings since it has a higher interest rate and keep a minimal amount (usually around $1000) in our checking. We basically just let one another know if we use the checking account for something out of the ordinary.
Once you get your own system down, it will be fine!
Since Aaron and I started our strict budgeting 99% of things go through our joint account. He has direct deposit in our joint account and as soon as payroll things get switched over at my work (in the next few months) I will too. The only things that get paid from my checking account are rent and my car payment. Other than that everything goes through our joint checking. I sit down on the weekend and pay bills, but other than that we don't use our debit cards and operate strictly on cash (which we get from the ATM on sundays) so there's really no need to worry about over drafting or anything like that.
Good luck! Its a big change, but as long as you communicate it shouldn't be a problem.
Same here. We also have a joint "savings" account, it's really another checking account that we set up for our wedding funds, that now holds our savings to buy our first home. We transfer money back and forth through this account too for rent. As for bills, I pay Comcast, ComEd and groceries, Jordan pays car insurance, gas, and cell phone.
I'm sure you'll get used to the joint account in no time, I can understand how it would feel weird at first. Good luck!
Joint bank accounts was the best thing we ever did!!! (well more for me than for DH!). I never have to worry now if there's money in my account
We each have our own credit cards and use those for everything throughout the month then pay the bills off at the end of each month. Works well for us, except one month when my cc bill was really high... and DH wasn't very happy with me! I think as long as you don't go out and make a big purchase without talking about it first you'll be fine 