Household money

SteveLaming

Simple all in joint account, spending agreed in advance.
i Ihave been doing this with my partner for over 40 years. we've had no problems and at times both have earned a lot more then the other.
Money has no hold over us and dont let it you.

Pollycat

Partners organise their money in different ways.
As long as it suits both partners, that's OK.

It's when one partner feels hard-done-to that the problems start. 

74jax

SteveLaming said:

Simple all in joint account, spending agreed in advance.
i Ihave been doing this with my partner for over 40 years. we've had no problems and at times both have earned a lot more then the other.
Money has no hold over us and dont let it you.

We have something completely different.

The only joint account is our bills account.

Savings, current account etc for everything else is completely separate. 

Works for us. 

maman

SteveLaming said:

Simple all in joint account, spending agreed in advance.
i Ihave been doing this with my partner for over 40 years. we've had no problems and at times both have earned a lot more then the other.
Money has no hold over us and dont let it you.

As @Pollycat says it depends what works for you. We'd hate your 'simple' solution and have happily done 50:50 for years.

I think this may be a response to the mse 'dilemma' about splitting finances but @SteveLaming has accidentally created a new thread. This is probably because the new format has a confusing 'Create Post' button underneath threads when it should say 'Create a new thread '. It's been happening a lot.

That being said, I'd prefer  a threads like this where the OP responds rather than the mse ones that seem pointless. I often wonder if they're fictitious. 

calleyw

SteveLaming said:

Simple all in joint account, spending agreed in advance.
i Ihave been doing this with my partner for over 40 years. we've had no problems and at times both have earned a lot more then the other.
Money has no hold over us and dont let it you.

Good for you and might have worked 40 + years ago if both parties where being paid in cash and had no bank accounts when they set up home for the 1st time.  Tad different now when I meet my now ex husband (finances were not the issue) we both had been working for a number of years and had own bank accounts set up.  So made no sense to ditch what we were doing.

So we set up a joint bank account for all the bills including the mortgage to come out of that account.  Now with my current partner no joint bank account for household it all comes out of my account as I have been a bit lazy but at least I know all the bills are being paid on time and in full.

As others has said what works for you wont work for others and for me I like to spend my money how I want and not have it looked at and being told what I can and can't spent it on.  And one bank account between 2 people is very old fashion and to me makes me think you don't trust each other with money. Along the same lines of  joint email address/facebook pages no trust.  But each to there own.

Pollycat

maman said:

SteveLaming said:

Simple all in joint account, spending agreed in advance.
i Ihave been doing this with my partner for over 40 years. we've had no problems and at times both have earned a lot more then the other.
Money has no hold over us and dont let it you.

As @Pollycat says it depends what works for you. We'd hate your 'simple' solution and have happily done 50:50 for years.

I think this may be a response to the mse 'dilemma' about splitting finances but @SteveLaming has accidentally created a new thread. This is probably because the new format has a confusing 'Create Post' button underneath threads when it should say 'Create a new thread '. It's been happening a lot.

That being said, I'd prefer  a threads like this where the OP responds rather than the mse ones that seem pointless. I often wonder if they're fictitious. 

Not fictitious according to MSE Kelvin.
From another dilemma:

MSE_Kelvin said:

Sheepster said:

No offence but (there’s always a but huh) if you’re in the position to help them with what will be a huge amount of money (if this dilemma example is even real, I wonder with some of these), then surely you’re successful people who have probably built a business and will be really intelligent.
This being the case why on earth would you even need to ask randoms on the internet what you should do.

That said I can only echo what others have said. The only fair way is to give them equal. It’s their choice where they buy and nobody is forcing one of them to contemplate buying in one of the worlds most expensive cities, one which is almost a country within a country the economics are so stark.

Hey @Sheepster

Just wanted to address your doubt that Money Moral Dilemmas are genuine.

As the member of the MSE team that selects them for the Money Tips Email each week, I can assure you that they're for real - they're either emailed to mmd@moneysavingexpert.com by MSE users or suggested by other members of the MSE team (either their own or those they've been told of by friends and family).

To be honest I'm not sure we'd be able to make up anything as good as the ones we're sent, such as the dog poop dilemma from a few weeks back 

Cheers,

MSE Kelvin

maman

Perhaps not fictitious but always seems odd to me that someone should put their 'dilemma' out there but not want to discuss it. 🤔

I agree with @calleyw that the 'one pot' system does seem outdated. I had my own bank account long before I met my DH and would hate to give up that independence of managing my own personal finances. We have a 50:50 system for shared bills as well as our own accounts. 

Pollycat

maman said:

Perhaps not fictitious but always seems odd to me that someone should put their 'dilemma' out there but not want to discuss it. 🤔

I agree with @calleyw that the 'one pot' system does seem outdated. I had my own bank account long before I met my DH and would hate to give up that independence of managing my own personal finances. We have a 50:50 system for shared bills as well as our own accounts. 

That's similar to what I said on the other thread:

Pollycat said:

I've seen a couple of people who originated a MMD pop up and comment on the discussion (one very recently) so I'm convinced they are genuine.

I just can't see why someone would submit a MMD that appears with very limited information rather than asking for opinions and giving the full facts.
But that's just me. 

maman

I always avoid the mse threads so hadn't seen your post before @Pollycat. 

I agree with you though. Especially as the original post raises questions like, in this case, how long do you anticipate maternity leave? Is the woman in a job with good maternity pay? Would you be saving money on commuting? It's bad enough when OP's don't come back to a thread they start but the mse ones are even worse IMO. 🤔