Money in marriage

melancholly

jfdi wrote: »

But surely gross salary is not the same as the take home?

Which way did you decide to split it? Gross or Net?

If it's a split of your Net salaries we'll need some more figures - although the end result won't be much different, it will be a few ££ out!

i didn't even think of that! it gets complicated quickly, doesn't it!!

amandada

kittie wrote: »

That makes life complicated. Maybe I am old fashioned but there is 100% trust in our marriage of 38 years. Both salaries went into a joint account from day 1. We had a joint savings account and we each had pocket money for personal things. I am now in sole charge of his pension pot. Now that really IS trust

OP I am certainly not saying that you don`t trust each other but your arrangements seem pretty complicated

Totally agree-ours all goes in a pot and has done since day 1.
I work part time as we have children and in no way do I feel he's paying for things, it's a partnership where we're 50/50 partners. I don't feel the need to ask to use money and neither does he. We discuss larger purchases, but most people do, as a courtesy to the other.

melancholly

i guess i don't really want to pass judgement on the OPs financial arrangements with her husband - she wanted help with a calculation and that's it!

dobbie82

to make it easier would the rent or mortgage be about 30% of the monthly bills?

Our monthly bills were approximately 1500, of which rent was £470 so my hubby paid this and we split the rest of the bills in half.

We have been together over 4 years but I still feel awkward about spending anything that I havent earned. we now have a joint account that our wages get paid into and bills come out of, but I would much prefer things separate!

kippers

We put all our money in one pot. I workpart time now and the way i see it is that i look after the house the children and cook all the meals. I don't feel in anyway that i should be contributing more to the household bills...after all, if i was paid for what i do around thehouse then i would earn loads! (Husband is happy with this too).

mossstar

We just do the 'one pot' thing too, and we each get a wee bit of pocket money each fortnight.

There's no right or wrong way, but out of interest, why don't you share? maybe you're just assuming that you shouldn't when actually it'd be a whole lot easier for it all just to get bunged in together? (can you tell how lazy i am? LOL)

good luck!

honeypop

As a rough calculation, I estimate that you bring home after tax £898 and OH brings home £1484. This means from your joint income of £2382pm, you earn 38% and OH earns 62%.

Your bills total of £1300 should be split 38/62.

So 38% = £494
and 62% = £806.

That should be roughly (a few pounds either way) what each of you contribute to the total monthly bills pot.

caeler

My husband and I do this, we both pay money into the joint account which pays for all our joint outgoings (mortgage, bills, food shop, savings, etc) and we have our own account for our own personal stuff like mobile phones, fuel, shoe shopping (ok that’s just me!). We decided from the beginning that it was sensible to keep our own accounts, it just gives us some freedom, we both didn’t want to get questioned about things going out of the account. We both like to spend any extra cash we get the way we want and not have to justify it.

I pretty much manage our joint finances and husband is happy with that. At the moment we pay 60-40 but husband is likely going to get a payrise soon which will equal us out to 50-50. All this really means is we hope to put more into savings and pay off debt.