How do you split expenses in your household?

Giddytimes

Luckyred wrote: »

All our money goes into a joint account. Everything is paid for from that account.

Do people who just use a joint account for everything not find this causes any issues? For example I can't imagine my OH being overly pleased when I spend £45 on a haircut, but to me this is budgetted for and I'd rather cut back in other areas.
I also am not sure I'd be able to bite my tongue if my OH were to go and pee £100 up the wall on a night out with his friends. :rotfl:
If these things are coming out of our own accounts, after all bills have been paid, then there is no need to mention it to each other.

We also said we'd tighten our belts for 2 years after we first move in and invest 1/3 of our net incomes, so we have a larger cushion for when we are ready to have children. Again I'd want control of my own savings/investments, I wouldn't want the money in a joint account (even though OH would be paying in more than me). I'm starting to wonder if maybe I'm a control freak! :rotfl:

nickyhutch

Everything goes in one pot to pay for everything. There's no "my" and "his". It's all ours.

serious_saver

I earn slightly more than my partner but we split the bills 50/50. Every month we put the same amount into a joint account and everything goes out of there.

I have offered to pay more but he won't budge on paying his half.

As we're trying to buy a house every spare penny that we both have goes into savings and as we will both own the house I suppose it doesn't really matter as it's all 'our' money in the end.

moomoomama27

nickyhutch wrote: »

Everything goes in one pot to pay for everything. There's no "my" and "his". It's all ours.

Me too, this to me is how it should be in a partnership. I could never have seperate money, especially when raising a family!

nickyhutch

Giddytimes wrote: »

Do people who just use a joint account for everything not find this causes any issues? For example I can't imagine my OH being overly pleased when I spend £45 on a haircut, but to me this is budgetted for and I'd rather cut back in other areas.
I also am not sure I'd be able to bite my tongue if my OH were to go and pee £100 up the wall on a night out with his friends. :rotfl:
If these things are coming out of our own accounts, after all bills have been paid, then there is no need to mention it to each other.

We also said we'd tighten our belts for 2 years after we first move in and invest 1/3 of our net incomes, so we have a larger cushion for when we are ready to have children. Again I'd want control of my own savings/investments, I wouldn't want the money in a joint account (even though OH would be paying in more than me). I'm starting to wonder if maybe I'm a control freak! :rotfl:

If my OH wasn't overly pleased about me spending £45 on a haircut, he wouldn't be my OH! I can't imagine being married and not pooling everything; we're all different I suppose.

DaisyFlower

I dont think you should pay less but still expect a 50% share in the property as thats unfair.

Either pool all resources or go 50/50.

Luckyred

My OH wouldnt have a clue what I spend on my hair. He never looks at the bank statements...ever! He never asks how much I have paid for anything for myself though I usually tell him when showing him something new that I have bought.
I keep an eye on the finances.

Gorgeestwo

nickyhutch wrote: »

Everything goes in one pot to pay for everything. There's no "my" and "his". It's all ours.

This is how it is for us, DH is the main earner, but all our money goes into our joint account.

Tropez

My partner and I do pretty much the same as the OP, except we just pay the same percentage of our incomes into a joint account to deal with household bills. Personal things such as my satellite subscription and our mobile phones we take care of ourselves.

hcb42

having been in a relationship 25 years, we always pooled all our monies into a joint account 50/50.

A few years ago, we split it out a bit, and we balance the DDs out somewhat, I tend to pay for extras e.g. holidays, car loans, and some bills, while mortgage goes out of hubby's account. However no hard and fast rules, I have earned three times more than him in the past, but also had career breaks, right now we are back to almost even earnings, which has been the case for the last 2-3 years.