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Originally Posted by Gilda
We pay the joint bills out of her paycheck, which is our way of ensuring we can live on just the one, and the remaining portion of mine goes into joint savings.
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Okay, Cyn you were right, here is the clarification: their money is pooled, but into different accounts (checking vs. savings). Essentially it's the same thing, though... since both become the couples' money together.
Grace's paycheck goes into immediate needs, so that they can indeed live off of that one check; Gilda's paycheck goes into long-term needs. I suppose, though, that if Grace lost her job, Gilda's paycheck would move into the short-term category, and they wouldn't be able to save for a while... but they'd have savings to help out, too, until Grace got a job.
Fascinating stuff, this is very helpful for me in thinking about equitable money management since I tend to worry about those things.