We have had seperate accounts for the last 25 years. It works for us.
I don’t think this is a good idea if both are not working outside the home.
When we went this route we divided the bills. For instance I took the mortgage, my car, power bill. She took her car, phone, cable. We have a joint AE account but seperate cards, whatever ya charge you gotta pay. Stuff like insurance if its your ride you pay it. Our health insurance is covered by the city I worked for. We have a joint savings account, we each 10% in. Stuff like eating out, food, we just deal with on a ad hoc basis. “Do ya wanna eat out tonight?” “Only if you pay, I’m tapped.” I really don’t care what she does after she meets her part to keep the family going. She works, and she shouldn’t have to check wth me if she wants to buy something for fun. Things like SHOES!
We are empty nesters,when he was little his needs were met by whoever had at the mall that day.
We try to work things where at least one of us does not have a car payment going on. We’re a team, we always have each others back.
Now that I’m retired and gas is 3.70 a gallon, she has more money than me. End of the month I’m shut down waiting on my next pension check. LOL so now I call her like she use to do me, “Hey put some money in my account.”
The system worked/works for us.