Splitting the bills 50/50, my money, your money - Please your married !!!!

londoner1998

And let's not forget that marriage was invented is a social contract and that is what it still is...the love thing never came into the whole arrangement, because it put in jeopardy the stability of the arrangement...love is a much more recent addition to a contract that came to be taken as the norm...just a little detail

The_Banker_5

Due to lack of interest this thread is now closed.;)

zippychick

You're such a stirrer Banker!:rotfl:

The_Banker_5

zippychick wrote: »

You're such a stirrer Banker!:rotfl:

Noooooooo certainly not.;)

londoner1998

The_Banker wrote: »

Noooooooo certainly not.;)

It seems I met my macth then...;)

duchy

Thing is joint accounts were useful when one partner working and the other staying home was the absolute norm. In the days when wives stopped working when they got married and didn't wait til the kids came along (if then).

Now there is far greater variation in lifestyles so why on earth should one size fit all and quite honestly who cares ? No-one's business except the couple involved anyway.

natc

I have read through a lot of this thread and there are so many ways in which people manage their money.

I have to agree on one hand that it is down the a couples preference the way they manage their finances. But my mum and dad have separate accounts and i didnt even think anything of it when i was little. But now i just find it really odd....!!! Basically, mum has her account and joint acc with dad, and he has his own too. Dad pays for certain things, mum pays for others. But looking back, remember mum saying oooh, dont tell ya dad ive got that, and she'd hide things! And dont tell ya dad ive bought you that, play/wear it when hes not looking! Bloody stupid in that respect! Im sure theres ppl who remember their parents like this and ppl who are doing this with their partners now!

Anyway, me and my oh moved in together 4 years ago. Been together 5 years now and getting married next year. Initially we had separate accounts, and one joint account and it worked. We just put 50/50 from our wages into the joint account for bills and grocerys, and then the rest was for our own vehicles and spending on what we each wanted.

Nearly 2 years ago we decided just started putting everything in joint account and paying for everything out of there and we never use our sole accounts now. We both like it better this way. For us, it just didnt feel right having things separate, and we both like to share our money and its all OUR money. We hated going out and putting 2 for the bill after a meal, or saying you pay for this and ill pay for that, everything is much more simple to us this way. Each to their own!

However....with everything in one account, and everything coming out of that account, and with me getting paid at the end of each month, and him getting paid in the middle of each month, it is become difficult for us to manage our money properly. And we are trying to save for the wedding and its not happening! We have decided to have our wages paid in as normal toour joint account, and keep enough in there to pay the dd's, and then have a SO to transfer the remainder to another joint account so that we can see how much we have spend/save for that month. we have a savings account, but thinking of getting another for saving for the wedding another for saving for a rainy day!

Does anyone else do this and if so, do you feel you have too many accounts?! Or does it work? Im thinking it must be a good way of keeping track on everything, but just wanna see feedback before we go and open a load of accounts!

Lottebear

We attempted the joint bank account disater, he kept taking it overdrawn. The own money thing with one of us saving one paying the bills worked but we struggled to stay in credit, atm I have everything paid over to me once the bills are paid and then paid it back this is working well. Keep trying until something works.

nichart20

My OH and I have a joint account for the mortgage and seperate accounts that our wages, it works for us he earns a lot more than me but pays more for the mortgage and the bills and I get more food shopping, I wouldn't want to change this we have been together 10 year and have never had 1 argument over money, we both have our own credit cards but we are getting rid

natc- having a seperate saving accounts for wedding sounds like a good idea

memelalou

Will admit from the off i have read the Op's question.

For me and my hubby we have a 'open pot' no matter who earns it'd our money, i have to admit it makes me feel more secure and less stressed.

When me and hubby first got together we had 50/50 towards outgoings then what ever of our own persepective wage was own own. This generally left one of us skint.

I was made redunant and not long before found i was pregnant and since as a couple unless you have savings you cannot claim any benifits, if his money was his then i would have no roof or food in my belly.

Now i cannot understand how it can ever be strictly seperate, if you will have children, because even with maternity pay and retuening to work asap you still will be lacking earning potential, as a woman {needing time to recover at min}.

My husband has supported me with redundancy and will for the next year, but for the course i am doing now when i return to work, i will be earning double his wage, so if we have more children me as the bigger earner will be the one to return to work if one need to ever stay at home.

To sum it up - i would support my partner and him me through, study, pregnacy, child care and unemployment. Finacially speaking unless you having savings or insurance i cannot see how you could long time without the financial help of a partner,