How do you split your finances at home?
I pay for all household usual expenses (mortgage, food, bills, most of kids clubs / clothing etc.) but it’s not all my income that goes in – if more is needed I’ll generally pay for it.
Mrs B works part time and saves a bit for projects and holidays (which I will generally also contribute a bit too). She then also has her own pot of money.
We started this when the children came along, as we both suffer from a guilt complex if we spend on ourselves at all from a joint pot – it works better for us to have ring fenced ‘pocket money’.Posted 9 months agoyetidaveMember
joint account to pay all bills. but kept separate accounts to get paid to, including keeping savings separate, but mainly to spread risks. everything discussed and agreed over about £50..she does all the weekly shop but only works 3 days a week. Our hrly rates about the same but she works 1/3 of hrs I do. all money is ours, not mine or hers.Posted 9 months agogonzyMember
we have separate accounts but we both have a joint account where we put our savings in. that pays for stuff like holidays, home repairs/maintenance and any other large spendsPosted 9 months ago
i pay all the bills and the mortgage
wife pays for the shopping and child care although i contribute 25% of the childcare.
childcare costs will be be zero from september which will leave us with more to spend so it will mean we can both put a bit more aside into the savings too.
this arrangement has always worked for both of us.mudsharkMember
Talk here mostly about covering bills and buying nice to haves. What about saving for the future/retirement? Luckily my wife sees the importance with that but isn’t interested in the effort so she leaves this to me to look after which suits me. So she buys what she wants then I take the left overs and do something sensible with them. I cover all bills/holidays/both car costs….Posted 9 months agokayla1Subscriber
We’re both self-employed with separate accounts and sometimes I earn more, sometimes he earns more but we both have access to each other’s accounts and what comes in is ours, not ‘mine’ or ‘yours’. It works nicely and there’s no ‘secret’ spending (FFS- we’re grown-ups!) If we can afford to do or buy stuff stuff, we’ll do it or buy it regardless of who’s going to be doing it or using it. As long as we can pay the bills it’s all good.Posted 9 months ago
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