Who pays what in your house?

MillicentBystander

scorpiolady wrote: »

These days hubby earns more than me but i have in the past earned more than him or not worked for a while and the same goes for him , both our wages go into a joint account all the bills are paid from that account , if either of us needs cash then we just mention it to each other and thats it, no arguements and its worked for us for the last 25 years.

It seems that marriages like ours are a dying breed. I actually can't understand even a married couple having separate 'spending accounts' from each other, I really can't, but I suppose each to their own...

SkintGypsy

Everything that comes into the household is shared and goes straight in the joint account. I deal with all money stuff and have various savings accounts set up. In the event of death in childbirth earlier this year I had to tell him where all the money was, as he hadn't a clue. All money decisions are joint and neither of us would consider spending more than £50 on something without discussion. Everything we work so hard for is for our family and we will enjoy the fruits of our labours together.

LillythePink

We have a joint account for bills where our salaries get paid into, however, we also have our own accounts where a set amount of money is put each week (for him) and month for me - this is ours to spend on what we like - he has hobbies such as photography and diving, so if he wants anything for those then he has to spend out of his money - that way I can never moan about what he has spent his money on - it works the same way for me, I can buy stuff or have facials etc and it's out of my pocket money.

MillicentBystander

SkintGypsy wrote: »

Everything that comes into the household is shared and goes straight in the joint account. I deal with all money stuff and have various savings accounts set up. In the event of death in childbirth earlier this year I had to tell him where all the money was, as he hadn't a clue. All money decisions are joint and neither of us would consider spending more than £50 on something without discussion. Everything we work so hard for is for our family and we will enjoy the fruits of our labours together.

You've restored my faith in the family with this post.:beer: Seems to me that the World is getting so selfish these days.

Soubrette

We have a joint account, all money goes in there to start with (there are separate savings and ISAs to take into account better interest rates).

OH works full time to my part time and gets paid more per hour than me but it's all in the same pot.

As I work part time I do more of the housework, when he worked part time a few years ago we used to share it equally.

LittleMissAspie

He sounds very immature. I can't understand why anyone would want to rely on someone else financially. I don't personally agree with putting everything into a joint account as that wouldn't be fair on my boyfriend who earns more than me, I don't want to be subsidised.

But we have a joint account purely for bills and household costs, which we pay 50% each into. Spends for the house are of course discussed and comprised on as we both want a nice home. But with the rest of the money left in our own personal accounts we can do what we want with it. My boyfriend just spent £200 on a bike, it would be demeaning for him to have to ask me if he can have it.

So I would suggest a joint account for bills and a standing order from each personal account into it. If you can't trust him not to cancel the standing order or not to spend from that account on himself, then why would you stay with him?

hoogervaaner

SkintGypsy wrote: »

Everything that comes into the household is shared and goes straight in the joint account. I deal with all money stuff and have various savings accounts set up. In the event of death in childbirth earlier this year I had to tell him where all the money was, as he hadn't a clue. All money decisions are joint and neither of us would consider spending more than £50 on something without discussion. Everything we work so hard for is for our family and we will enjoy the fruits of our labours together.

This is our philosophy too

System

SkintGypsy wrote: »

Everything that comes into the household is shared and goes straight in the joint account. I deal with all money stuff and have various savings accounts set up. In the event of death in childbirth earlier this year I had to tell him where all the money was, as he hadn't a clue. All money decisions are joint and neither of us would consider spending more than £50 on something without discussion. Everything we work so hard for is for our family and we will enjoy the fruits of our labours together.

I agree, that is the way that a FAMILY should operate and the way we have done for the 30 years of marriage.

(I apologise for using what appears to be an obscene word these days - FAMILY)

[Deleted User]

LittleMissAspie wrote: »

My boyfriend just spent £200 on a bike, it would be demeaning for him to have to ask me if he can have it.

This is where is see the big distinction between married couples and 'boyfriends and girlfriends living together'... i earn double my wife's income, but would never consider spending 200 quid on something without telling her (tell, not ask) first. We can easily afford it, but since it's both 'our' money, we have a mutual respect of not spending one another's money without letting them know.

Only exception tends to be birthday presents

mich13x

OH and i share all money. We have a joint account that both our salaries are paid into and a joint savings account. Mostly i deal with all the money and pay bills etc and OH takes a backseat really, however like others have said for any major purchases we always discuss with each other before going ahead. Works well for us