My savings ..our or my money?!

74jax

Person_one wrote: »

Also, how do people ensure that they're each contributing an appropriate amount to the household if they never sit down and work it all out?

We contribute our outgoing bills on what our incomings are, not savings. So when we moved in we took each others basic salary and decided who would pay what. Granted OH pays considerably more than me, we find it fairer as her earns much more.

claire16c wrote: »

One partner could hypothetically be sitting on millions of pounds but you wouldnt know,you could be paying them money for years unaware.

My OH is quite probably around this mark, but yet it doesn't alter that I pay my share in the bills, yes I may lose my job etc and then can't, in which case he'd pick up the bills etc. But just because he has savings I don't feel I need to know how much.

Dunroamin

74jax wrote: »

We contribute our outgoing bills on what our incomings are, not savings. So when we moved in we took each others basic salary and decided who would pay what. Granted OH pays considerably more than me, we find it fairer as her earns much more.



My OH is quite probably around this mark, but yet it doesn't alter that I pay my share in the bills, yes I may lose my job etc and then can't, in which case he'd pick up the bills etc. But just because he has savings I don't feel I need to know how much.

Good luck to you but I find that seriously weird. Sorry.

74jax

Dunroamin wrote: »

Good luck to you but I find that seriously weird. Sorry.

Don't be daft, that's ok. Would be a strange place if we all were the same.

JimmyTheWig

74jax wrote: »

I just can't see why what we have in savings would change how we live.

heartbreak_star wrote: »

I just don't see what the big deal is...as long as we're not in financial difficulty, where's the problem?

My concern with both of these scenarios would be that you wouldn't know if there were money problems.
What if 4 years ago there was £40,000 in savings then 2 years ago there was £20,000 in savings. Now there might be nothing in savings. At what point would you (either individually, or as part of a couple) realise that there was a problem? If it was just one half of the couple who realised, at what point would they tell the other person?
[Obviously, 74jax, feel free to add a trailing zero to these figures if it helps for your situation!]

heartbreak_star

We're always pretty honest if it looks like there's going to be some financial problems ahead, even if it's something as simple as what happened last month - my MOT bill was huge and he had to do a bit more shopping for the month.

I just don't feel it's really my business to ask him how much he's got stashed away and might feel weird if he asked me. It's not my money.

I love the massive range of opinions on here

HBS x