Do you give you and your partner 'pocket money'

sneezyboots

Yes we do this.

All wages go into joint account to pay for all bills, shopping, mortgage etc.

I then put £100 a month into our own accounts for us to spend on clothes, video games, whatever.

This own money is also to be used to buy xmas and birthday presents for OH but other presents for either side of the family come from joint.

We find this ample and I have about £1300 saved in my account (we have been doing this for 3 years)

kelly17687

We used to do this but found we would just spend the £20 for the sake of it, even if there was nothing we needed. Now we don't take 'pocket money each', we just take money from the joint account if there's something we really need. It has worked out cheaper for us that way.

Mojisola

Catty89 wrote: »

I thought this was quite a good amount but its crazy how quickly money can be spent.

So do you do this? I think OH isnt too happy with it, i have gave him the whole months amount but in envelopes for each week, having a feeling itl all be gone by week 2.

It can be a shock how quickly cash can disappear. It's a revealing exercise to make a note of everything you both spend in a month and then see where the money is going.

If your OH's money is going on essentials, you might have to look at the budget again.

pinkshoes

DH and I have our salaries paid into our personal accounts.

We then work out how much we need for mortgage, bills, food, family stuff etc..., then we pay that amount into the joint account in ratio to how much we earn. He earns twice as much as me, so I pay 33% and he pays 66%.

Anything left over is our own spending money.

JellyBox

I tried to do this for us, OH was on board, but kept overspending anyway, withdrawing extra cash midweek. I'd like it if our funds all went into one account and we then dished some out to personal spending accounts, but I suspect that is a little way off yet.

dreamdreamer

We don't do this. I manage all the household finances (OH pays his contribution direct into my account) except the TV package because he wanted every channel under the sun so I told him if he wanted it, he was paying for it! The household bills come out of my current account.

The rest of our money is ours to save or spend as we please. OH earns more than me but he pays for the upkeep of the cars because of this. We don't have kids though, if/when we do we'll rethink.

owen_money

dreamdreamer wrote: »

We don't do this. I manage all the household finances (OH pays his contribution direct into my account) except the TV package because he wanted every channel under the sun so I told him if he wanted it, he was paying for it! The household bills come out of my current account.

Does he charge you to watch the TV?

dreamdreamer

owen_money wrote: »

Does he charge you to watch the TV?

I should charge him for the torture of watching nothing but Top Gear and Wheeler Dealers!

darcyboo

Catty89 wrote: »

Trying to budget now that i am on maternity wage and have started giving me and OH £20 per week each 'pocket money' this can be for whatever we want but also has to include new clothes, meals out etc.

I thought this was quite a good amount but its crazy how quickly money can be spent.

So do you do this? I think OH isnt too happy with it, i have gave him the whole months amount but in envelopes for each week, having a feeling itl all be gone by week 2.

xx

The principle sounds generally good, but certainly seems like something that should be agreed between the two of you. Otherwise you run the risk of treating your OH like a child / acting like his Mother.

beckythemadcow

We do this but have standing orders once a month to our own spending accounts from one main joint account for bills and salaries.

We don't buy work clothes out of this money, and drinks or cinema out together comes from the joint account, but food or drink with friends and computer games, hen parties etc comes out of our own money.