One of my favorite blogs addresses this question! Check it out HERE.
As for Ryan and I…YES!
Personally, we believe it’s a lot easier this way, but we are also respectful of each other and communicate heavily regarding finances. It was harder when we first married, and I wanted to spend all that extra income we had instead of pay off the house. Oh the days of being a DINK (double income no kids).
When our house was not paid for, we had MANY conversations regarding where our money should go, how much I could spend on “fun money,” and how much he would save for his Corvette. Since he was saving for a Vette, we decided on a certain amount each month that I could take out as cash and spend on whatever I wanted. It was great!
In addition to it being easier for us to have one account than two, we also “became one” on August 10, 2007. For us, having separate accounts was not “one.”
We have always considered his money and my money, “ours.” It definitely takes time to get used to that though and is not always easy. Now that I work from home taking care of our family, making $0 income, WE still make X amount of income together. Husbands of stay-at-home-moms, remember how much your wife is saving your family on daycare. Chances are she is earning more than you are, but not getting paid for it. The time she spends with your kids is priceless as well. Praise her for her efforts and find her job valuable.
I know a lot of married couples disagree on finances (#1 cause for divorce), so I’ll recommend two things:
Check out what Dave Ramsey suggests when both of you are not on the same page. Click HERE.
Pray – You may not be able to change your husband/wife, but God can. Ask for Him to change your spouse’s heart so your finances glorify Him (no debt – not being slave to the lender). Also, ask God to give you an understanding of how your spouse feels so you are compassionate towards them, instead of mad or angry about their reluctance to change. Understanding them can be key to “persuading” them to change.