Couples app to keep finance split and fair

onwards&upwards

74jax said:

Sandtree said:

maman said:

50 : 50 and separate accounts works for us sandtree. Your question comes up frequently on many threads. It's more than money though as presumably, in the scenario you mention, conversations have been had and decisions  made about school runs and why one partner has such relatively limited earnings. This thread is more about practical organisation. 

I personally find the idea of splitting the bills in whatever way and then "you keep what you earn" is a slightly odd way of doing things in a marriage/long term relationship and even more so if one earns 2-3 times the other persons income.

Hubby earns around 5 or 6 times what I do, and we do it this way..., 😂 🙈 

Does he go on luxury holidays to the Seychelles while you go camping in Norfolk?  You must pool your money for social stuff surely?

BrassicWoman

I use financier.io which is about £12 a year for the paid version.

74jax

onwards&upwards said:

74jax said:

Sandtree said:

maman said:

50 : 50 and separate accounts works for us sandtree. Your question comes up frequently on many threads. It's more than money though as presumably, in the scenario you mention, conversations have been had and decisions  made about school runs and why one partner has such relatively limited earnings. This thread is more about practical organisation. 

I personally find the idea of splitting the bills in whatever way and then "you keep what you earn" is a slightly odd way of doing things in a marriage/long term relationship and even more so if one earns 2-3 times the other persons income.

Hubby earns around 5 or 6 times what I do, and we do it this way..., 😂 🙈 

Does he go on luxury holidays to the Seychelles while you go camping in Norfolk?  You must pool your money for social stuff surely?

It would more likely be the other way round...😂. He kites, so just as happy on a beach here, me on the other hand (I'm beginning to forget what the inside of a plane looks like.....🙈)..... 
Social stuff not really, its just not a big deal. One of us will pay but we don't keep tabs or do 'him / me / him /me' . 

FTBin2020

74jax said:

Sandtree said:

maman said:

50 : 50 and separate accounts works for us sandtree. Your question comes up frequently on many threads. It's more than money though as presumably, in the scenario you mention, conversations have been had and decisions  made about school runs and why one partner has such relatively limited earnings. This thread is more about practical organisation. 

I personally find the idea of splitting the bills in whatever way and then "you keep what you earn" is a slightly odd way of doing things in a marriage/long term relationship and even more so if one earns 2-3 times the other persons income.

Hubby earns around 5 or 6 times what I do, and we do it this way..., 😂 🙈 

My partner and I are planning to do the same. He earns a lot more than me and I feel he deserves to “have what’s left” after all joint bills and savings are put aside. However, often when we go out he’ll offer to pay and does pay more for holidays etc. Think it’s depends how flexible both parties are - would he expect me to sit at home with hardly any money whilst he’s out for frequent meals with friends? No.

74jax

FTBin2020 said:

74jax said:

Sandtree said:

maman said:

50 : 50 and separate accounts works for us sandtree. Your question comes up frequently on many threads. It's more than money though as presumably, in the scenario you mention, conversations have been had and decisions  made about school runs and why one partner has such relatively limited earnings. This thread is more about practical organisation. 

I personally find the idea of splitting the bills in whatever way and then "you keep what you earn" is a slightly odd way of doing things in a marriage/long term relationship and even more so if one earns 2-3 times the other persons income.

Hubby earns around 5 or 6 times what I do, and we do it this way..., 😂 🙈 

My partner and I are planning to do the same. He earns a lot more than me and I feel he deserves to “have what’s left” after all joint bills and savings are put aside. However, often when we go out he’ll offer to pay and does pay more for holidays etc. Think it’s depends how flexible both parties are - would he expect me to sit at home with hardly any money whilst he’s out for frequent meals with friends? No.

I think, as long as it works for the couple, then that's all that matters. 
In our case, we are both financially comfortable, I don't use half my income therefore I don't have any need to 'use' his, if that make sence.
We both contribute to bills, and what's left, is left. I appreciate its not for many, but really we don't need to 'pool'. 

FTBin2020

74jax said:

FTBin2020 said:

74jax said:

Sandtree said:

maman said:

50 : 50 and separate accounts works for us sandtree. Your question comes up frequently on many threads. It's more than money though as presumably, in the scenario you mention, conversations have been had and decisions  made about school runs and why one partner has such relatively limited earnings. This thread is more about practical organisation. 

I personally find the idea of splitting the bills in whatever way and then "you keep what you earn" is a slightly odd way of doing things in a marriage/long term relationship and even more so if one earns 2-3 times the other persons income.

Hubby earns around 5 or 6 times what I do, and we do it this way..., 😂 🙈 

My partner and I are planning to do the same. He earns a lot more than me and I feel he deserves to “have what’s left” after all joint bills and savings are put aside. However, often when we go out he’ll offer to pay and does pay more for holidays etc. Think it’s depends how flexible both parties are - would he expect me to sit at home with hardly any money whilst he’s out for frequent meals with friends? No.

I think, as long as it works for the couple, then that's all that matters. 
In our case, we are both financially comfortable, I don't use half my income therefore I don't have any need to 'use' his, if that make sence.
We both contribute to bills, and what's left, is left. I appreciate its not for many, but really we don't need to 'pool'. 

Exacrly! Although I earn less, I quite often  end up with more money at the end of the month, so would much rather keep my own😂 I manage money better!

maman

Thanks for the 'we have no need to pool' comment FTB. That's exactly how we feel. 
I'd like to think that except for specific issues like redundancy and maternity, the pooling system is dying out. So many people are financially independent when they get together these days and reluctant to give that up. Back in the day it was almost a cosy, badge of honour to have a joint account usually with 'M Lewis and Mrs M Lewis printed on it! 

Mojisola

onwards&upwards said:

Does he go on luxury holidays to the Seychelles while you go camping in Norfolk?  You must pool your money for social stuff surely?

This was the final straw for a friend when his wife went off to Egypt for a 5-star holiday and left him at home because he couldn't afford to join her.

He was the stay-at-home parent who had only worked part-time while doing the bulk of the child-care and running the house.

onwards&upwards

74jax said:

onwards&upwards said:

74jax said:

Sandtree said:

maman said:

50 : 50 and separate accounts works for us sandtree. Your question comes up frequently on many threads. It's more than money though as presumably, in the scenario you mention, conversations have been had and decisions  made about school runs and why one partner has such relatively limited earnings. This thread is more about practical organisation. 

I personally find the idea of splitting the bills in whatever way and then "you keep what you earn" is a slightly odd way of doing things in a marriage/long term relationship and even more so if one earns 2-3 times the other persons income.

Hubby earns around 5 or 6 times what I do, and we do it this way..., 😂 🙈 

Does he go on luxury holidays to the Seychelles while you go camping in Norfolk?  You must pool your money for social stuff surely?

It would more likely be the other way round...😂. He kites, so just as happy on a beach here, me on the other hand (I'm beginning to forget what the inside of a plane looks like.....🙈)..... 
Social stuff not really, its just not a big deal. One of us will pay but we don't keep tabs or do 'him / me / him /me' . 

So he’s building up vast amounts of savings in his own name then?  

74jax

onwards&upwards said:

74jax said:

onwards&upwards said:

74jax said:

Sandtree said:

maman said:

50 : 50 and separate accounts works for us sandtree. Your question comes up frequently on many threads. It's more than money though as presumably, in the scenario you mention, conversations have been had and decisions  made about school runs and why one partner has such relatively limited earnings. This thread is more about practical organisation. 

I personally find the idea of splitting the bills in whatever way and then "you keep what you earn" is a slightly odd way of doing things in a marriage/long term relationship and even more so if one earns 2-3 times the other persons income.

Hubby earns around 5 or 6 times what I do, and we do it this way..., 😂 🙈 

Does he go on luxury holidays to the Seychelles while you go camping in Norfolk?  You must pool your money for social stuff surely?

It would more likely be the other way round...😂. He kites, so just as happy on a beach here, me on the other hand (I'm beginning to forget what the inside of a plane looks like.....🙈)..... 
Social stuff not really, its just not a big deal. One of us will pay but we don't keep tabs or do 'him / me / him /me' . 

So he’s building up vast amounts of savings in his own name then?  

Yeah we don't have any joint savings other than what we put in the bills account each month (we put in more than the bills for some reason....., 😂 🙈) but our savings are pretty much all in our individual names.