I just wanted to hear from other poly people how finances work for your relationships. Interested in seeing different dynamics to figure out what might work well for my partners and I.

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For context, I'm in a sort of poly network (I don't have a great term for it)--I have two partners, they each have another partner, and so on; most of the people not directly in relationships are friends with each other. 4 of us have been looking at combining finances and working toward consolidating bills and moving in together. We have had 2-4 years of various levels of financial interdependence but it's been sort of pieced together on the fly (depending on job security), whereas now we are hoping to get a long-term situation in place. Combined, the 4 of us make a decent amount of money for 4 people to live off of, but none of us are able to be financially independent. We also are hoping that we can expand the polycule living together over the next several years as relationships develop to be maybe 6-8 people living together. We are all in our early to mid 20s so still young but really wanting to settle down a bit more at this point.

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I'd love to know how this works for you. Do you have one shared checking account, and if so, is everyone able to put their name on it at the bank? How does your mortgage work? If one person has major debt, how is that handled? Do you all have one car insurance policy or does each person have their own (living in Michigan, I'd do anything to cut down the amount of money I spend on car insurance)? How about things like phone plans, other types of insurance, or mayor purchases?