Blog: Managing Finances In A Marriage
One newlywed shares her experience of combining bank accounts with her husband after walking down the aisle.Playlist
We get engaged, we have a wedding and then we live happily ever after, right? That’s the plan according to Disney anyway. But there’s a lot more to it than that. Things shift in a major way after getting married, and sometimes we don’t even see it coming.
Sure, some of those changes are wonderful. They run the gamut from having a plus one for practically every event, to coming home to your best friend everyday. But there are some things that aren’t so hot – like figuring out whose job it is to take out the trash or trying managing the money for the entire household.
The money thing was my big surprise. I had worked at a bank for years and I just assumed that when I got married, we’d combine our finances and accounts and that would be it. Little did I know how hard it would be for me to actually go through it. My husband and I each had our own system of how we paid our bills – he was more evolved, where as I was still using checks and mailing my bills like it was the 50’s. And, to be honest, I’d gotten used to buying a new top here, or dropping some dough on a new outfit there, without having to answer to anyone about it.
So, when it came time to combine our accounts, we weighed the pros and cons of how each of us paid for things and, honestly, his method won out. It took less time and was much more efficient. With his way, I wouldn’t forget to pay my credit card bill because the statement was hiding under papers on the desk.
At first, it was really hard for me. It was even harder to listen to that voice in my head that said “If you buy this, you’ll have to explain why you need it right now,” especially since my definition of need is completely different than his. But interestingly enough, my biggest hurdle was letting go of MY money. Even when it was all mixed in with his, I still thought of it as separate. I’d gotten so used to splitting things when we were dating that I couldn’t let it go, and I had to figure out how to wrap my brain around it.
I’d love to say that one day it just clicked, but it hasn’t been that easy. It took me some time to learn one of the simplest things: that all the checks go in one account and it’s all ours. Lucky for me, I have a wonderfully patient husband, who even joked, “Oh, this one’s on me,” when he threw down our credit card for dinner one night. The funny thing is now, if you asked me to go back to the way it was before, I don’t think I could.