Do you know your spouses income?

Wyre

I do our tax credit renewal so I know how much hubby earns. I also file all his wage slips for him. I don't work but if I did I would have no issue with him knowing how much was coming in. He *ought* to know how much child benefit and tax credit we get but as he has an appalling memory I doubt he can remember.

catkins

Yes, I know exactly what OH earns and always have in over 30 years of marriage. He has always known exactly what I earn too.

We have a joint account and I check it every Friday morning to see that his wages have gone in ok. I also usually help him with his paperwork every week so know more or less what he is going to get that week after deductions

claire16c

Of course I do he's my husband not a flat mate. It's a pretty basic fact.

Not to mention if you didn't know, how could you possibly say look for houses, plan holidays, plan savings or rent a house etc if you had no idea how much money you had to spend?

somethingcorporate

Yes, we share everything. Have done since we left university.

Not had my own bank account in about 8 years.

Torry_Quine

lostinrates wrote: »

One cannot know but not be secretive. DH doesn't know of the top of his head...its all there, he just has to look it up.

That's different from not telling.

ognum

We know everything about each others income, we have been very poor and we have been comfortable but throughout we have always known and shared.

We have income from different sources, no PAYE now and both need to do self certified tax return, we need to make the best use in order to lower tax so will transfer funds between us if needed!

CharlieRabbit01

I don't know my own salary exactly, I'm not that great with numbers but I can give a rough guess with in a few pounds, if my salary was a simple number like 20,000 i'd remember no problem.

ognum

Just a thought as this is a money saving website!

How money saving is it for one person to be paying interest on a loan, credit card or an overdraft while the other makes minimal interest on savings?

cats2012

I know all OH's details as we only have 2 accounts - shared current and shared savings - but I don't slate others that don't do that, however I do think it's reasonable that you'd know each others' general finances. I agree with some comments above - I would never let my husband pay interest on debt etc if I had savings sitting there, or him be short for his bills if I had surplus.

Tropez

We're not married but live together.

My partner knows my basic salary because I discussed a promotion I was offered a while ago with her (which I ended up taking) and told her what the basic salary was then. She also knows how much I can potentially make in bonuses but she doesn't know how much I have actually made in bonuses. She also doesn't know the exact amount I have saved or how much income I derive from interest and investments.

Because she runs her own businesses I don't know exactly how much she earns as her income is partly dependent on the performance of those businesses, though she does rent out her previous home and I know how much she makes from that.

We've had a system for bills whereby we pay a different percentage each based on our differing salaries. I have, with the exception of one year of our relationship, so far been the higher earner. I have contributed more towards the bills as a result. The money is paid by standing order into a joint account and so far there has always been an excess which we've put towards holidays and things like that. In all honesty, we should probably review that as our financial situations have both changed since we came up with the plan but it has been working just fine and isn't really a pressing concern.

For the record, I've no problem in telling my partner exactly how much I earn in any given year but she hasn't asked about it.