So this is pretty straightforward. We've discussed finances quite a bit in detail. We're starting to pay for our wedding expenses and we agree that it makes sense to have a joint bank account for our expenses (that we'll keep when we're married). We're both going to put in a significant chunk of our own savings and then any money our parents are giving us (including some inheritance she's got specifically for wedding expenses). All in all, it's going to be a fairly sizeable chunk of change, that granted over the next year will be heavily tapped into but not even close to depleted.
I want to be smart about how we set this up. In the future it is very likely that we will keep this as our joint account for all of our household expenses. What things should I be considering when setting this up? Honestly I haven't setup a bank account since I was 15 and I'd like to get away from the bank I do use (my dad works for them and snoops more than I like). I want to find the best way to get bang for our buck since we are putting in a significant amount of money, but at the same time I recognize that we will frequently be withdrawing money from the account.
I could use any advise when setting this up. It will be a joint account, so are there any pitfalls I need to be careful of with that? I trust my fiancé completely, but still just want to be safe.
Submitted September 21, 2021 at 11:07AM by tynorex https://ift.tt/3EDygKg
