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Spliting Joint Costs
Comments
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mrchrisbrogan wrote: »@!!!
If I shop at Tesco 20 days a month for my lunch (sole cost), and 10 times for dinner (joint) and my partner does the same, how do I know which is joint and which is sole
Does it need to be exact? You could just buy everything & recharge OH an average cost for their share.
What we do is have seperate bank accounts & credit cards etc, then she just gives me a fixed lump sum each month which covers general joint household bills including food. And i then manage all the general household/joint finances
Even though there'll be some food just for her & some just for me, its not worth the penny pinching in the grand scheme of things.
Download MS money to track all your spend, then you could use that to divide amex into pots.0 -
mrchrisbrogan wrote: »@!!!
If I shop at Tesco 20 days a month for my lunch (sole cost), and 10 times for dinner (joint) and my partner does the same, how do I know which is joint and which is sole
This is MoneySavingExpert; think that question needs to be asked elsewhere....The questions that get the best answers are the questions that give most detail....0 -
I'm sure you do really but, ignoring the practical aspect, i.e. not going overdrawn etc, it removes the psychological reponsibility we all have to provide for the family, unless that is a balancing act where the finances is not a big deal.I don't see the point in splitting the money off into separate accounts - why not just keep it in the one account and just both spend from it?
There may very well be an element of that, absolution of responsibility for the family, to spend without any second doubts.Unless you're hiding the statements that shows what you're spending it on.... :beer:
Obviously, joint as in used by both of us for our household/family.Oh and obviously you know there's no such thing as a "joint" credit card, right?Personal Responsibility - Sad but True
Sometimes.... I am like a dog with a bone0 -
I suspect I have misunderstood the original post, and / or am oversimplifying the OP's comments.
My husband and I have two joint credit cards (not AMEX), and once I week I go online, have a look at each of them, tell him what he has spent, work out what I have spent, and work out what was housekeeping (ie groceries, etc). They are both cash back cards so the cashback stays in the current account.
It really doesn't take very long at all. Probably about as long as waiting in queue to a credit card's helpline (and less time than waiting in a queue for HMRC to answer the phone).This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
I don’t get this “I spent that so I’ll pay this and you spent that so you owe me this”.
That’s not being a couple in my book.0 -
Exactly.
I don’t work and earn for “me” - I do it for my family.
If one month I only spend £100 on myself and everyone else spends £500 then so be it0 -
I don’t get this “I spent that so I’ll pay this and you spent that so you owe me this”.
That’s not being a couple in my book.
Well, me and my partner have separate finances. I think it's just easier for budgeting, we both have separate social lives and keep track of our spending carefully, so it's easier with separate accounts.0 -
I don’t get this “I spent that so I’ll pay this and you spent that so you owe me this”.
That’s not being a couple in my book.
I don't know if this was a specific response to my post (it appeared under it, but that means little). The reason my husband and I repay our own costs on the credit card is that my personal spending expenses pale into insignificance to that of his classic car restoration (not a business, a hobby). He doesn't have his own personal credit card due to previous financial issues (ie he can't get one).
As for "I spent that so I’ll pay this and you spent that so you owe me this" - we don't owe each other anything. We owe the credit card company.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
Mrs_Arthur_Crown wrote: »I don't know if this was a specific response to my post (it appeared under it, but that means little). The reason my husband and I repay our own costs on the credit card is that my personal spending expenses pale into insignificance to that of his classic car restoration (not a business, a hobby). He doesn't have his own personal credit card due to previous financial issues (ie he can't get one).
As for "I spent that so I’ll pay this and you spent that so you owe me this" - we don't owe each other anything. We owe the credit card company.
I don't think Gary Dexter was having a go at you specifically - just at the general principle of people integrating their finances - or not, as the case may be. Not that he needs me to defend him.
In your specific situation, technically only you owe the credit card company because it is your card and you are the debtor in the eyes of the law - only you signed the credit agreement with the card company, but I understand what you mean.0
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