Tracking Money in Savings Account

[Mike Leone]

On 12/16/2010 12:52 PM, Wayne Bird wrote:
> 
> Derek,
> 
> Great questions!  This is helping me see things from your, and obviously others, perspective.
> 
>> Let me rephrase this question..  Why is the savings you got from your
>> Inheritence any more important than the savings you get from, say, your
>> Salary?  Why do you need to know "I spent $5236 of my $10000 Inheritence"
>> versus "I spent $5236 of my Savings"?
> 
> I guess it's because I'm anal about everything. I want to know
> exactly
where my paycheck went. If I get a $5000 bonus for work, I want to know
exactly how I spent that specific money. Let's say my wife receives
$10,000 inheritance, I need to account for each cent that was spent and
where it was spent. My wife receives money from relatives, gifts and
such, I can't just lump that money in our savings account and call it
our savings (I would like to because I'm the spender in the family).

Why not? Is it because you have YOUR separate money, and she has HER
separate money? And this would not be your JOINT family money?

Aren't you planning on tracking where all this wife-only money is going,
anyway? Why not just put it in the joint account, and track it? Makes
for much less accounts to track (some for you, some for her, some for
you jointly).

Just something to think about. You deal with your money as you want.
Just seems to be causing you a whole lot more work, for no gain, since
you'd be tracking the expenses anyway, whether individually or jointly.