How do you spilt the bills with your OH?

feelinggood_2

My Mum has worked in Payroll for a few years, and out of the 50+ wages she has had to pay to people, hers is the only one to go into a joint account.

Me and OH don't have a joint account because I was 17 when we married.

Idiophreak

tara747 wrote: »

She's a teacher??? From your post I thought she was some sort of trustafarian type working part time in a bookshop in between skinny lattes. Teaching is a very worthwhile career, you should be proud. And you should be glad that she gets paid leave during summer hols... will save you a fortune if you have children!

Which brings me onto my second point. She's on a teacher's salary (which is not bad by any standards) and you earn much more than her... and you can't save???

Start saving my boy.

As I said in my previous post - she's a very hard working woman...Out of every holiday she probably allows her around 1/6 of the time to actually rest - the rest of the time she's planning, tidying, filling in forms etc. (It's a "challenging" school she works at, so there's *plenty* of paperwork to be done). Of course I am proud of her, she's doing terribly well, as I knew she would. She's only just finished her NQT, but is already co-ordinator for both MFL and science in the school.

We're both (relatively) fresh out of uni - she's been earning about 15 months, me about 3 years. In that time we've both been repaying our student debts and buying a car each, needed for work. I've cleared well over 20k including the car and I'll hopefully finish the last of my CCs around xmas. That being the case, we've not really had a chance to save much. The poor thing hates living back with her parents, so I've agreed we can move out as soon as we're debt free, (and have saved deposit etc, obv) but we won't have a chance to save anything. As you say, she's not doing too bad, I suppose, and I'm earning a reasonable wage for someone of my age, so I hope we'll both have a bit of cash to spare at the end of the month. I think I just enjoy worrying

Idiophreak

Any wrote: »

I have to say, this is very interesting.
And they shouldn't work that much hours (especially thanks to holidays) - so how many hours do you work if you work less?? I WANT YOUR JOB;)

I work a regular (if flexible) 37.5 hour week.

She gets to work by 7:15, rarely leaves before 5:30, works in the evenings and at least one day on the weekend - 60 hours a week, easy.

Any

Idiophreak wrote: »

I work a regular (if flexible) 37.5 hour week.

She gets to work by 7:15, rarely leaves before 5:30, works in the evenings and at least one day on the weekend - 60 hours a week, easy.

Oh dear, I think she might be workaholic!:T .
Yes, I think you worry too much;)

tara747

Idiophreak wrote: »

As I said in my previous post - she's a very hard working woman...Out of every holiday she probably allows her around 1/6 of the time to actually rest - the rest of the time she's planning, tidying, filling in forms etc. (It's a "challenging" school she works at, so there's *plenty* of paperwork to be done). Of course I am proud of her, she's doing terribly well, as I knew she would. She's only just finished her NQT, but is already co-ordinator for both MFL and science in the school.

We're both (relatively) fresh out of uni - she's been earning about 15 months, me about 3 years. In that time we've both been repaying our student debts and buying a car each, needed for work. I've cleared well over 20k including the car and I'll hopefully finish the last of my CCs around xmas. That being the case, we've not really had a chance to save much. The poor thing hates living back with her parents, so I've agreed we can move out as soon as we're debt free, (and have saved deposit etc, obv) but we won't have a chance to save anything. As you say, she's not doing too bad, I suppose, and I'm earning a reasonable wage for someone of my age, so I hope we'll both have a bit of cash to spare at the end of the month. I think I just enjoy worrying

Saving should be a priority! IMHO.

Squish_21

We have our own accounts each and a joint account. We both put the same lump amount into the account each month fand the mortgage, all bills, food, eating out etc. comes out of the joint card.
Then we have our own money in our joint accounts to do w/e we want with.

We couldnt see a fairer way of doing it tbh.

Fleago

I think I'm the unusual one in this thread! We have one joint account, both salaries go in, all the bills come out and we take what money either of us needs from it, with bigger purchases/withdrawals being discussed first.

I earn considerably more than my husband, but I harbour no feelings of that somehow entitling me to more of our money. To be honest, I don't think either of us could be bothered working out percentages of salary towards the bills, or anything like that! We truly believe in pooling our resources, what's mine is his etc.

We do have an ISA each and the same amount to both comes out of our joint account every month, but we have one each simply because of the limits on how much you can save in an individual one in a year.

Mini_money_saver

[/quote]It seems that the people who are most reluctant to merge their finances are:

1. Those who met their OH later than their early 20s (so have had everything their own way for longer)
2. Childless
3. Those with debts (so as not to affect the OH's credit rating)

Those who are keen to do so are:

1. Those who married young (less time to develop indepedence/stubborn streak)
2. Those with children (probably resigned to having less or no disposable income!)

Is this accurate enough???

I must say, the responses to this thread are fascinating! [/quote]

I agree that these responses are very interesting to read, i've already replied to this thread but thought i'd explain our situation.

Me and OH have no concern or jealousy over who has the most money spare at the end of the month, i'm 21 and he is 26, we've been together just over a year and are moving in to our own house in dec/jan. When we first met i was a trainee nursery nurse and earnt £90 a week of whic i payed in £25 to our joint account(he obviously paid in a lot more) i have now qualified and moved on to a lot better paid job and pay in alot more.
This is how we break our finances down, i pay in £750 a month which leaves me with around £150 whic covers my phone bill and any bits for myself (including some savings for OH bday/xmas)
Oh earns more than double what i do so he pays in £750 plus he also covers our car repayments whit equal £300, he has quite a substantial amount of spare cash for himself after that but he has to put money aside for tax, phone bill and repayments.
My £150 is enough for me to live off a month and his spare money covers everything it needs too for him.

It may turn out that once we've been in the house a few month we need to reasses the finances but at the moment in works very very well for us

Mini_money_saver

P.S only my third post and i cant get "Quotes to work" sorry

Idiophreak

Mini_money_saver wrote: »

P.S only my third post and i cant get "Quotes to work" sorry

You have two quote end tags (with the / at the start) there - you need to start with (squarebracket)quote=<posters_name>(squarebracket) then close with (squarebracket)/quote (squarebracket)...

Edit: fixed the broken quote....oh how ironic.

tattoed_bum

in our circumstances dh and i met when we were 29yrs old he already had owned his own house for 10 yrs before we met ,
as soon as i moved in with him our money was put into a joint account the monthly costs were covered and the rest then went towards our debts and the wedding ,it took us 6 mths to clear all debts cc,my car ,his motorbike ,

we now have no debts and i am now a sahm to our disabled child we still put all the money in a joint account and work from that .