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A question for couples with separate accounts.
Say you both contribute to joint stuff, but the remainder from your pay is yours to do as you wish.
You, being a true STW'er, buy bikes and tech.
Your partner, being sensible, put his/her money into savings/pensions.
Come retirement, your partner takes a dim view of your pile of second hand junk and isn't too happy to have to fund your old age.
Is this what happens?
I always find it a bit awkward when going for a meal with a couple who have separate accounts as there is always the "who is paying" standoff between them, almost like it is a business transaction. Call me traditional, but what is wrong with earning your money, pooling it together and having a bit of trust in each other not to take the P"SS out of each other when it comes to spending.
I always find it a bit awkward when going for a meal with a couple who have separate accounts as there is always the "who is paying" standoff between them, almost like it is a business transaction.
We have separate accounts but a joint credit card for this sort of stuff. However, when we go out, my wife never takes her purse, so I just pay for everything....
Your partner, being sensible, put his/her money into savings/pensions.Come retirement, your partner takes a dim view of your pile of second hand junk and isn't too happy to have to fund your old age.
Is this what happens?
We both put nearly every spare penny into pensions.....
We've considered for a while doing it the 'other' way, have our salaries paid into the joint account, and then take out our 'pocket money' into our personal accounts. The subtle difference would be that at the moment the variable costs like food shopping, clothes, whatever are our own the manage - if you have a decent amount left you might treat yourself to a new pair of jeans, if you don't you won't etc. Doing it the other way would mean we’d just take a few hundred each for ‘walking around’ money.
I think it would make my Wife happier, but she's the more controlling of the 2 of us, for me it would be harder - Mrs Jay would think nothing of buying herself something, and it wouldn’t bother me, but I don’t think the reverse would be true, but the big one would be the dreaded “Alps Trip” every year we go around the same merry dance, it’s never about the money, but it seems to create such tension with her than even me paying £100 for a week’s accommodation would have her wailing about the kids going hungry. I don’t need that in my life.
Say you both contribute to joint stuff, but the remainder from your pay is yours to do as you wish.
You, being a true STW'er, buy bikes and tech.
Your partner, being sensible, put his/her money into savings/pensions.
yeah that would perhaps be a bit silly.
we each put £x per month into the joint account (bills etc) and £y per month into savings. Then the rest is for our personal spending.
One thing I have realized from this thread though is that we're lucky to both earn within about 10% of each other. Keeps things very simple - if one of us was earning double what the other earned it might get more complicated...
I always find it a bit awkward when going for a meal with a couple who have separate accounts as there is always the "who is paying" standoff between them, almost like it is a business transaction.
this is what the joint account is for! That and the boring stuff like council tax obviously. We had to increase our contributions to the joint account after we found there wasn't enough left over for bills 😉
I always find it a bit awkward when going for a meal with a couple who have separate accounts as there is always the "who is paying" standoff between them, almost like it is a business transaction
Really? I've never noticed or experienced that. We take turns, roughly speaking. Never an issue.
Call me traditional, but what is wrong with earning your money, pooling it together and having a bit of trust in each other not to take the P"SS out of each other when it comes to spending.
Nothing wrong with you running your lives however you want.