At what point did your OH and you stop having "your" money and became "our" money

PinkPeach

We have an account that the bills are paid from and we both equally pay for this. After the bills we set aside money each month that is for each of us (the same amount) and any remaining is spent on saving for something - had new double glazing recently so that 'spare' money was put towards that.

This way it means we get to spend money on what we want/enjoy for ourselves without ever feeling like the other one always ends up with more, which I think we would if we had a pot of money between us. He admits to not being good with money and is the kind of person to blow it all on someting that catches his eye in the spur of the moment and would later realise this means I'd lose out. Saves arguments by doing it like that, for us anyway

It also makes it easier if you wanted to surprise the other person with a treat as they wouldn't notice any money missing.

jetta_wales

When we moved in together. We have a joint account and two sole accounts but we never view anything as his or mine be it a bank balance or a tub of ice cream. Neither of us spend lavishly on anything and at the moment we're both saving hard. Neither of us ever buys anything big or makes a financial commitment like a gym membership for example, without talking to the other first. We have the same goals and money is very important to them (refurbishing our house to sell and buy another one that needs work) so we approach everything in life as a team reall and work together to achieve the goals we aim for.

Most bills come out of my account or the joint account and he always pays for everything when we're shopping but anything surplus in either account is pooled to put toward our next necessary big purchase. Boucle glazed patio doors with two full hight glass side panels is the next thing on our list

Birdie85

When we moved in together we decided that it wouldn't work to have all of our money as 'our' money as we'd end up arguing about what we spend it on when it comes to personal hobbies/treats etc and it wouldn't work for us to split the bills 50/50 as he earns more than me so I'd be skint at the end of the month whilst he'd still have plenty so we decided that we'd leave ourselves with the same amount of personal spending money each month and put the rest into the joint account to cover all bills, food shopping and the left over gets put into the holiday pot. It has worked very well for the last 2 years and we haven't fallen out over money yet. Not sure what'll happen when I go on Maternity leave though!

Errata

The day we embarked on our Joint Venture, I thought that was the whole point - one for all and all for one etc etc.

Indout96

The day we got married, which was also the day we moved in together, everything went in one pot and everything came out of it. 28 years on and we are still the same excluding the ISA's but that is only because we are not allowed a joint one.

busiscoming2

I say whatever suits you.

With my first marriage we just had a joint account and everything was 'ours' and 'shared'. When I got divorced and realised that as he was main breadwinner and I only did little jobs but was mainly a SAHM, I wasn't 'seen' to be contributing to the account and this apparantly went against me.

This time I still have my account and we have a joint account, but all the money is ours. I pay the utilities including rates and C.Tax out of mine so am seen to be contributing.

It works for us.

pigpen

kh and I had a joint account from day one as we had a joint mortgage and that came out so everything went in there.

OH and I.. we have been living together about 18 months and TBH I don't think we will ever have a joint account as a main account. If he was able to find work things would change massively but as it is we are happily plodding along.. everything is paid everyone is provided for and we both have a small amount of spending money...

CupcakeLisa

we put all in our money into a joint account - we pay the bills and the savings then the rest gets split equally so we still have our own money!

this works for us because until rectently my oh had to work part time hours so I paid more in but we got the same each and now i am going to college so he is paying in more so it works itself out

smk77

CupcakeLisa wrote: »

we put all in our money into a joint account - we pay the bills and the savings then the rest gets split equally so we still have our own money!

this works for us because until rectently my oh had to work part time hours so I paid more in but we got the same each and now i am going to college so he is paying in more so it works itself out

we're similar but we get paid into our own accounts. We're responsible for different bills and expense but we both take out the same amount in cash as "pocket money" to spend as we please. What's left over in both accounts goes into savings or towards a holiday etc...

hastie

I think at the point you guys agree to common goals. For us, a wedding, a house, children, another house didn't just happen, they were planned. That planning took our joint resources. There is no one way of doing it but you need to work as a team.
Shared goals, shared success