Do you know your spouses income?

claire16c

missprice wrote: »

not all these things are important to everyone I think.
My mortgage is peanuts and there is as yet no point discussing a possible house move.

hols are not for everyone I could not go to Spain every year for two weeks for instance, but I would be over the moon with a 3 week trip to Peru (which being MSE I would try to win first.
so hols are usually won in this household and then you take what you get. However they cost very little too.
As yet this year no win so no hol

I don't worry about savings right now cos I know he has a lot and I have none but Till I get a full time job that's just the way it is and my choice to take my time about getting one:)

If your mortgage is peanuts then I'm assuming you're at an age where you are not in a relationship with the person you originally bought the house with/you bought it on your own previous to meeting them. If you are a young couple & go to a bank to get a mortgage it's going to come out how much each person earns!

We like to go abroad a couple of times a year to new places and so where the destination will be clearly depends on how much we've earned that year.

claire16c

maman wrote: »

Well I've never thought of myself as shocking but I don't know my own income or my DH's. I have a rough idea but that's all. If I need to know the detail then I can always look it up.



I suppose I'm fortunate that we have our finances well sorted so that we have surplus income/savings. Also, both DH and I are happy living well within our means unlike some people who have to spend right up to their income limit (and beyond). I'm sorry if it sounds smug but when you have financial security then you can have a holiday without resorting to credit etc etc.

I do appreciate that many people are struggling financially through no fault of their own but that's not true of everyone. My financial security has come from hard work and good mse habits.

We have savings and no debts.

But in order to know how much we can save each month clearly I need to know how much we have coming in & out & therefore what's the max we can put away each month.

Lagoon

claire16c wrote: »

But getting a mortgage or renting a house where you are looking at multiples of income, you're gonna need a ball park figure how would you know where to start?

When renting, you don't need to know multiples of income.

Obviously the situation would be different for a mortgage.

claire16c

Lagoon wrote: »

When renting, you don't need to know multiples of income.

Obviously the situation would be different for a mortgage.

Most places here require x times a monthly salary total. Plus you have to write it on the forms etc so you'd see what was written on the paperwork.

Lagoon

claire16c wrote: »

Most places here require x times a monthly salary total. Plus you have to write it on the forms etc so you'd see what was written on the paperwork.

I don't recall ever seeing our salaries on any of our paperwork. Nor have we ever been in a situation where we've been rejected based on our salaries - I guess because we've never over-stretched ourselves.

Either way, whatever our salaries were at the time we started renting each property certainly wouldn't be guaranteed to match our current salaries, so even if OH had written his salary on a piece of paperwork currently in our house, it wouldn't indicate to me what he was currently earning.

Gloomendoom

Any wrote: »

P60?
Take your basic pay on the payslip and multiply by 12? Or 52 if weekly?
I find that :eek: No offence.

Why? It's clearly not a problem to those of us who don't know to the last penny, or pound... or thousand pounds.

claire16c

Lagoon wrote: »

I don't recall ever seeing our salaries on any of our paperwork. Nor have we ever been in a situation where we've been rejected based on our salaries - I guess because we've never over-stretched ourselves.

Either way, whatever our salaries were at the time we started renting each property certainly wouldn't be guaranteed to match our current salaries, so even if OH had written his salary on a piece of paperwork currently in our house, it wouldn't indicate to me what he was currently earning.

You never had to fill in a form with basic salary/job info when you rented somewhere?

We don't rent now off an agent but I recently helped my sister in law complete some paper work for her new rental as I had spare time & the first thing they do is a credit check and get a reference from your work.and that included basic stuff like what's your income to check she earned enough to pay the rent. Otherwise anyone without a job could just walk in and lie and then start squatting or something once they'd paid the deposit and moved in!

Lagoon

claire16c wrote: »

You never had to fill in a form with basic salary/job info when you rented somewhere?

We don't rent now off an agent but I recently helped my sister in law complete some paper work for her new rental as I had spare time & the first thing they do is a credit check and get a reference from your work.and that included basic stuff like what's your income to check she earned enough to pay the rent. Otherwise anyone without a job could just walk in and lie and then start squatting or something once they'd paid the deposit and moved in!

It's not that we won't have filled in the form, but that it'll have been a passing thing and handed to the estate agent, meaning that I wouldn't have even noticed. It's certainly not on any paperwork in the house, so it's not on anything I'd have had chance to look at. I'm more likely to stumble across his salary on his payslip, but would never look at that either.

tbourner

My wife doesn't know how much she earns!

Seriously, we have 3 joint accounts and she has an individual account which we don't really use. She doesn't know any online banking passwords, I only managed to get her to start using her cards a few months ago as she didn't even know the PINs! I deal with all the income and what we need to spend where and how much we've got left etc. she's happy as she hates numbers and the only problem I have is when I have to say no when she asks for something.

Weird? Probably, but it works, and we're just about to go out to dinner for out 10th anniversary. :beer:

Spirit_2

Yes.

Shared bank accounts and fully sighted on each others pensions, savings, expenditure.

We started in this way when we married and it works for us.