Like all newlyweds starting their life together we've had to sort out our finances. Regardless of whether you've lived together before marriage or not things can get interesting after the I Do's. I've read up a lot on different people's arrangements/situations/opinions on the money subject. I'd like to share our methods to our success.
Unlike couples who have complicated systems with multiple accounts, %'s of income that get split up, each paying for certain things, and those who have 'fun money', we do none of that. I was very surprised to read about how many newlyweds (& others) who live by this individualistic system. I guess it's the modern couple thing to do. I can't imagine owing money to your spouse, or not saving for the future together. Now to each their own but this would never work for us.
We also have taken each other's debt as our own. I know lots of people can't imagine asking their partner to pay down their debt (even after marriage) - but not us. We're a family now and we think as a team. No matter how much each of us earns individually. We are paying off the highest interest rate loans first - starting with my car and then his student loans.
For us this method is working great! We spend how we please and typically consult each other for larger purchases - say $100 or more-ish. We don't have to stress over owing each other money, switching money between personal accounts, keeping purchases secret, feeling guilty or spending all our allotted personal money. We have very similar views on how money should get spent so we're almost always on the same page on things. We're pretty frugal but still enjoy dinners out once a month, eating semi organic, and hobbies like coffee experimenting.
For many working out how to combine finances once married can be a struggle, and even discussing it can be taboo. But for us it's been easy going and smooth sailing so far.