Speaking of money, Trent at the Simple Dollar posted an article recently recommending merging your bank accounts and other finances as soon as you get married:
...[keeping separate accounts] had serious disadvantages, chief among them the fact that it was hard for either one of us to really get a grip on what our true financial situation was.That sounds like excellent advice for somebody who needs to do some figuring to know what their financial situation. Personally, I've always managed to keep a pretty close eye on what I have, even if improving my planning and budgeting has become a repeat resolution. So I find myself a little resistant to the idea of just dumping everything into one pot. But when you step away from Trent's purely practical reasoning, pooling your resources is part of the commitment you make to become a family, right? (of course, he also points out the value of a pre-nup in case things go south)
I would not recommend doing that unless you have a very good, clear reason for doing so. It’s very clear in that wonderful 20/20 hindsight that the disadvantages of such a split far outweigh the advantages.
Instead, I would fold your accounts together...
For our individual case, I imagine (although we haven't had the official conversation yet...bad engaged couple!) we'll move away from this slightly and each keep a personal account that we can use to fund our personal hobbies, gift buying, and other expenses that might be best kept separate (not to mention the gambling and escorts).