Joint Finances
Discussion
Granfondo said:
Is there any married couples with separate accounts?
We have always had seperate accounts, she pays the mortgage, I pay for everything else including petrol for her car and am even paying off her credit card.She has just had a substantial pay rise at work so may have to have a little chat soon
Me and MRS400, just bang it all in one account.
She be paid on the 25th I get paid on the 10th, but shes never really had a lot to play with so there for doesn't waste it on s
t.
I work away nearly most of the week, but she know that come the weekend I would like to get as much done as possible.
In it together.
She be paid on the 25th I get paid on the 10th, but shes never really had a lot to play with so there for doesn't waste it on s
t. I work away nearly most of the week, but she know that come the weekend I would like to get as much done as possible.
In it together.
We've got the joint account and individual accounts thing going on. But with a twist - its only me that puts money in the joint account.
She has childcare costs deducted directly from payroll.
We both end up with individual expenses coming from our own bank accounts.
But the joint runs a surplus which my wife diligently squirrels into different uses (holiday, christmas, savings, etc).
I'm pushing 40 and have no more discretionary spend than when I was 20. Less in fact!
She has childcare costs deducted directly from payroll.
We both end up with individual expenses coming from our own bank accounts.
But the joint runs a surplus which my wife diligently squirrels into different uses (holiday, christmas, savings, etc).
I'm pushing 40 and have no more discretionary spend than when I was 20. Less in fact!
steve2 said:
Granfondo said:
Is there any married couples with separate accounts?
We have always had seperate accounts, she pays the mortgage, I pay for everything else including petrol for her car and am even paying off her credit card.She has just had a substantial pay rise at work so may have to have a little chat soon
Three years ago, she wanted to stop working for few years to drag the kids up. Agreed what would be cut, cut it and moved on.
Maybe we are fortunate to earn what we do/ did. But we are certainly not rich and just make sure things happen without either of our individual accounts going red. If I want a new car we discuss how to fund it and just do it - if it makes sense..... Luckily shiny new tat is not our thing either.....
Mike
deckster said:
BRISTOL86 said:
We have a joint account only. No individual accounts.
We are both working towards the same goals in life so we treat everything 50/50.
This, and have done ever since we were married 20 years ago. I can't imagine any long-term relationship doing it any other way.We are both working towards the same goals in life so we treat everything 50/50.
Turn7 said:
deckster said:
BRISTOL86 said:
We have a joint account only. No individual accounts.
We are both working towards the same goals in life so we treat everything 50/50.
This, and have done ever since we were married 20 years ago. I can't imagine any long-term relationship doing it any other way.We are both working towards the same goals in life so we treat everything 50/50.
The bottom line on this is that there is no right or wrong answer
I've been with my mrs just over 7 years. We aren't married but we have a house and a 7 month child
I earn more than she does
We have a joint account (which I pay more into) which covers: Mortgage, household bills, food, family going out and meals and most other household expenditure
We both have our own accounts to cover frivolous spending, cars, petrol, insurance, clothes, going out with own friends etc
I do tip up more if the joint account is running low and I also pay the nippers nursery costs
This works for us
I've been with my mrs just over 7 years. We aren't married but we have a house and a 7 month child
I earn more than she does
We have a joint account (which I pay more into) which covers: Mortgage, household bills, food, family going out and meals and most other household expenditure
We both have our own accounts to cover frivolous spending, cars, petrol, insurance, clothes, going out with own friends etc
I do tip up more if the joint account is running low and I also pay the nippers nursery costs
This works for us
romeogolf said:
For those who have joint finances with a partner, how do you split/join things? How did you reach the arrangement?
Well if you're in a life-sharing longterm relationship with someone it isn't really His money and Her money, it's more just THE money. Typical conversation:
"Just to let you know, we've got £xyz kicking about. Do you want anything"?
"Nope".
"You sure"?
"Well we could do with getting that fence fixed up near the back gate".
"Oh s
t. Forgot about that. I'll get on to it""Cheers"
"No prob".
Don't really know how it came to that arrangement. It just did. (It's probably boringly typical).
There's also another part where money gets put in an account for stuff women spend on. Mostly household stuff, but also on themselves from its surplus.
Typical conversation:
"How you doing for money"?
"Fine".
"Ok".
That just seemed to grow out of nowhere too. Again, probably boringly typical.
Edited by drainbrain on Sunday 9th July 17:55
BoRED S2upid said:
Now you see to me that's a recipe for disaster she wants a £300 handbag out of the joint account and just goes ahead or has to get your permission? Likewise when you need to make a frivolous purchase.
If you've got a missus who spends £300 on a handbag then separate accounts might be a good idea!desolate said:
danny0001uk1 said:
But why does Mr Pay in 60 percent and his miss pay 40 percent?
Because he earns 60 percent of the joint net wage.We have a joint account. My wife doesn't work. I earn it, she spends it - lol
In all seriousness, you were committed enough to get together, why should money (a construct) come into it ?
As for - you could be left with nothing, well - at the most that's a couple of months of salary - hardy worth getting stressed over.
The other accounts are held with the firm that I work for (offshore) so it's going to be nigh on impossible to get access to them should the worst happen.
In all seriousness, you were committed enough to get together, why should money (a construct) come into it ?
As for - you could be left with nothing, well - at the most that's a couple of months of salary - hardy worth getting stressed over.
The other accounts are held with the firm that I work for (offshore) so it's going to be nigh on impossible to get access to them should the worst happen.
Like others in this thread we have a joint account to cover all household bills and joint expenses - mortgage, fuel, food, utilities, meals out etc.
We put in an amount equal to the offset in our pay, roughly 60/40. This way we both have our own amount to do what we want with.
We are both happy with it. We could operate a single joint account tbh as we know and discuss what we buy however we like it this way.
We put in an amount equal to the offset in our pay, roughly 60/40. This way we both have our own amount to do what we want with.
We are both happy with it. We could operate a single joint account tbh as we know and discuss what we buy however we like it this way.
mcg_ said:
This thread is basically just full of blokes saying - I earn more than my misses, we're well off, I pay for holidays etc, she spends all my money on handbags, etc etc
Pistonheads at its finest
Why is that surprising? Most men earn more than women thanks to biology. Most people on this site enjoy nice cars which cost money which means they're, I'd hedge, better off than the average person.Pistonheads at its finest
My missus loves nice handbags, I like cars
ClaphamGT3 said:
drainbrain said:
ClaphamGT3 said:
Jockman said:
Separate Accounts. Never had joint accounts.
I pay for everything, including her credit card.
ThisI pay for everything, including her credit card.
a) earners
b) non-earners
c) earners but from something you've set up to produce them an 'earner'
(mine's a c) btw)
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