Money Moral Dilemma: Should I share my lockdown savings with my partner?

omendata

Been in the same situation
The answer is you truly are not really partners and I think once you find the right person you will understand what sharing everything with someone you truly love means, until then just cohabit and keep your own cash until it ends¬

Zandoni

All our money goes into the same account and we pay nearly everything from there. We have the same amount of spending money each to but clothes etc.

Doing this means we never argue about money.

Pollycat

martyn32111 said:

Holy cow, looking at some of these comments about why are you together etc. If the wife and I had a shared account we would be penniless. Been married over ten years, when we met i found out she had she had built up £25k in debt (whilst lvigin with her parents for free and workng full time), this got paid off with an inheritacne, built up another £15k of debt and now finally after years paid it off. She has always worked full time (earning approx £20k) and NEVER paid any bills, mortgage etc. This for me is the reason our bank accounts are kept apart. During lockdown she has spent £700 on gym equipment we dont have space for and is obsessing over buying a puppy for £500+.

Holy cow!

If I had a partner like that, I'd insist on separate bank accounts too. LOL

gloriouslyhappy

martyn32111 said:

Holy cow, looking at some of these comments about why are you together etc. If the wife and I had a shared account we would be penniless. During lockdown she has spent £700 on gym equipment we dont have space for and is obsessing over buying a puppy for £500+.

Please try to talk her out of getting the puppy, it sounds like she's not the right person to look after a sentient being, it will become an unwanted thing like the unnecessary gym equipment..

MarkyMark1064

In a word "no".

HIA

omendata said:

Been in the same situation
The answer is you truly are not really partners and I think once you find the right person you will understand what sharing everything with someone you truly love means, until then just cohabit and keep your own cash until it ends¬

This amused me because I have been married 34 years and brought up 3 kids, we have both worked throughout and never had joint finances. Of course it will still end but likely only when one of us is no longer living, which is the only time I will get my hands on my husband's savings, if I outlive him. The funny thing is how things change around, he always earned more than I did but now has a poor pension while I am still working and can expect a much better pension.

tgroom57

Does your partner normally help pay for your commute costs? I'm guessing not.

meknowalot-51

Keep the money and stick with the rules you both have regarding household bills and groceries.What if you got a pay increase,would she expect half of that?Stick with the plan and learn from what's happening at home,would this be an issue if you we're married?......would she even be asking this if you we're married?

Izadora

As other posters have said, there's not really a right or wrong answer, it comes down to what works for you.

My husband earns more than me and works from home all the time while I normally have pretty expensive travel costs so we took them into account when we discussed how to split our finances - my salary minus my train fare is 40% of our combined income so the amount we pay into a joint account is split 60/40 and we do as we please with whatever we each have left. Not having to pay for travel means that I now have more disposable income but I don't think it would be fair to keep the money for myself, even though my husband told me that I should, so have treated us to things for the house and topped up our savings.

Larcy

If everything is shared then the saving should be shared.  My husband kept me for eleven years while I kept house and looked after our daughter and two of his sons.  When I eventually returned to work all the money was pooled and because of that we managed to pay off our mortgage in 18 years instead of 25.
Work together get married and claim married couples allowance.