stroh
Sleeveless Hoodie From: Impact Crater Springs, CA
Karma: 155 Posts: 16135
 OfflineWe're doomed!
 
|
 |
Your Money/Her Money? Shared?
« on: July 10, 2007, 04:35:30 PM » |
|
Karen and I will be married 12 years in August. Since day one, there has been only one "fund". Everything we have goes in the pot. Bills are paid, groceries, expenses, fun, etc. I can't imagine doing it any other way. But I know a lot of couples do.
We've had our share of money spats, but it always comes down to the same equation. We only have so much coming in, and so much going out. We both have freedom to spend, but usually keep the 100 dollar rule of thumb.
Basically I get an allowance every week, or two weeks. We don't have/make enough to have our own little stashes outside the general fund, so we don't even try.
Works for us.
|
|
|
|
|
Logged 
|
|
|
|
twoiron
Full Metal Jacket From: The Drawing Room
Karma: 41 Posts: 4571
Offline
|
|
Re: Your Money/Her Money? Shared?
« Reply #1 on: July 10, 2007, 04:52:44 PM » |
|
Everything shared.... I don't think it makes a difference at the end of the day as my wife Tania would be legally entitled to half of everything anyway...  |
|
|
|
|
Logged
|
"Nothing says sorry like a warm plate of bacon... or so I'm told"
|
|
|
Fuzzy
Full Metal Jacket From: Island of Misfit Toys
Karma: 61 Posts: 4836
Offline
|
|
Re: Your Money/Her Money? Shared?
« Reply #2 on: July 10, 2007, 05:10:28 PM » |
|
Same here, one pile of money. I've never understood the mine/hers but different strokes I guess. Plus we're both very alike fiscally which is cool. There is one exception. We both have our mad money stashes from birthdays, Christmas etc. I also have my change jar which now has about $160 in it.  That money is mine/hers with full independent discretion on how to spend it. |
|
|
|
|
Logged
|
"You have brains in your head. You have feet in your shoes. You can steer yourself any direction you choose."
From Oh the Places You'll Go, by Dr. Seuss (Theodor Geisel)
|
|
|
Clive
Full Metal Jacket
Karma: 77 Posts: 4358
Offline
|
|
Re: Your Money/Her Money? Shared?
« Reply #3 on: July 10, 2007, 05:12:16 PM » |
|
My wife and I gave this a lot of thought when we were getting married. Ultimately, we decided on one savings account, one checking account, and one checkbook open at any moment in time. I need a check, I take one from the book (if I can find it). All monies are commingled. No allowances to either party -- it's expected that we're responsible.
I have a PayPal account that she knows about. It's self-funds from sold items. Above that, it's tied to a credit card, the statement for which she sees every month. If she asks the balance, I tell her.
I know a woman whose setup was: a checking account for her, and one for her husband. Each had pay direct-deposited. They'd divided up household expenses 50-50. After that, whatever each did with excess funds was none of the other's business. It always struck me as though they'd set it up expecting to divorce. Just odd that there was no attention paid to joint planning (or individual, for that matter) for retirement, old age, sudden medical bills ...
|
|
|
|
|
Logged
|
|
|
|
Seamus
Straitjacket
Karma: 52 Posts: 2376
OfflineI'm a juvenile acting product of the working class
|
|
Re: Your Money/Her Money? Shared?
« Reply #4 on: July 10, 2007, 05:15:59 PM » |
|
Complete opposite here. We each have financial responsibilities (I have mtg, she has groceries, car insurance) I'm not listing everything but you get the idea. We go as far as to even have separate accounts (we are both on each others of course just in case). Worked well for 21 years now. We have never had a squabble about money...yet. Besides it's nice when we go out to dinner, I get a reach, that's all we want is a reach, it's nice to get a reach once in awhile. |
|
|
|
|
Logged
|
|
|
|
Seamus
Straitjacket
Karma: 52 Posts: 2376
OfflineI'm a juvenile acting product of the working class
|
|
Re: Your Money/Her Money? Shared?
« Reply #5 on: July 10, 2007, 05:19:23 PM » |
|
Gee I'm swimming against the stream...how shocking.  |
|
|
|
|
Logged
|
|
|
|
spacey
Amazing Technicolor Dreamcoat From: Group W Bench
Karma: 98 Posts: 7733
Offline
|
|
Re: Your Money/Her Money? Shared?
« Reply #6 on: July 10, 2007, 05:27:31 PM » |
|
Shared- one fund, though she's much better with money than I, so really all money is her money and I get an "allowance" of sorts. I do have a semi-private stash in Paypal, mostly from Ebay, FGI, etc. transactions, but she knows about it. As long as she doesn't see enormous amounts of unexplained money going into Paypal or anything else, she doesn't get too worried about it. ($20-$50 here and there doesn't really raise an eyebrow, but when I spend I tell her about it, unless it slips my mind, I'm not nearly clever enough to sneak around with money.)
|
|
|
|
|
Logged
|
|
|
|
stegerman
Tartan Jacket From: SW Corner of Rock and a Hard Place
Karma: 19 Posts: 1114
Offline"Omnipotence. Gotta get me some of that!"
|
|
Re: Your Money/Her Money? Shared?
« Reply #7 on: July 10, 2007, 08:16:25 PM » |
|
ONe fund, always has been. Currently I'm the only one working for pay (she stays at home and works much harder than I do).
|
|
|
|
|
Logged
|
Think globally, act like you are the only one on the entire planet..
|
|
|
Aske
Lederhosen
Karma: 120 Posts: 31405
Offline
|
|
Re: Your Money/Her Money? Shared?
« Reply #8 on: July 10, 2007, 09:17:38 PM » |
|
one fund. nothing left to spend. lol
|
|
|
|
|
Logged
|
Russia has invaded a sovereign neighboring state and threatens a democratic government elected by its people. Such an action is unacceptable in the 21st century. -- Chimpy McFlightsuit, CEO of Bu$hco Industries of 'Merka |
|
|
Spartan
Golf Shirt
Karma: 9 Posts: 403
Offline
|
|
Re: Your Money/Her Money? Shared?
« Reply #9 on: July 11, 2007, 06:43:04 AM » |
|
It's been one fund for 26+ years. After we got our finances cleaned up about twenty years ago, money hasn't been an issue. It wasn't much of one before that.
|
|
|
|
|
Logged
|
|
|
|
Walfredo
Straitjacket
Karma: 18 Posts: 2013
OfflinePaintin the town brown
|
|
Re: Your Money/Her Money? Shared?
« Reply #10 on: July 11, 2007, 08:02:55 AM » |
|
We have one checking acount tied to our savings account and we share credit cards. I do have a paypal account with a meager balance. Everything is shared and we have had no problems. We shop together for things we need and sometimes just want.  The Mrs had an interview yesterday for a new job that would be more than double her current salary. I would love for her to make more than me because we'd be doing great. Although she might want to then separate our accounts. |
|
|
|
|
Logged
|
For hither not, I am the stallion.
Come fear, come love, I am the stallion.
You know that I am the stallion, mang.
I am, I am the stallion, mang.
You know that I am the stallion, mang.
I live, I walk, I am the stallion, mang.
|
|
|
Jules
Members Only Jacket From: Australia
Karma: 52 Posts: 3653
Offline
|
|
Re: Your Money/Her Money? Shared?
« Reply #11 on: July 11, 2007, 01:38:33 PM » |
|
We have two accounts. Russell's wage goes into our account, which I run, and basically we live off that account. My wage goes into my account. I pay the mortgage, and I have a morbid fear of missing a payment. I just keep this separate so I know the home loan will always be paid on time etc.  |
|
|
|
|
Logged
|
The good thing about getting old, is that you can hit the ball out of sight.
|
|
|
Clive
Full Metal Jacket
Karma: 77 Posts: 4358
Offline
|
|
Re: Your Money/Her Money? Shared?
« Reply #12 on: July 11, 2007, 02:08:11 PM » |
|
We have two accounts. Russell's wage goes into our account, which I run, and basically we live off that account. My wage goes into my account. I pay the mortgage, and I have a morbid fear of missing a payment. I just keep this separate so I know the home loan will always be paid on time etc. They have this new-fangled thing called "automatic electronic payment", wherein the mortgage company auto-debits your designated account on a specific day of each month. They use "computers", which I'm told are mostly reliable but will one day "get smart" and revolt against us. Anyway, I'd check into the payment thing, and not worry too much about the rise of the machines part. |
|
|
|
|
Logged
|
|
|
|
Uisce Beatha
Amazing Technicolor Dreamcoat From: In the Jar
Karma: 116 Posts: 7357
OfflineGet me the tank!
|
|
Re: Your Money/Her Money? Shared?
« Reply #13 on: July 11, 2007, 02:13:57 PM » |
|
We have two accounts. Russell's wage goes into our account, which I run, and basically we live off that account. My wage goes into my account. I pay the mortgage, and I have a morbid fear of missing a payment. I just keep this separate so I know the home loan will always be paid on time etc. They have this new-fangled thing called "automatic electronic payment", wherein the mortgage company auto-debits your designated account on a specific day of each month. They use "computers", which I'm told are mostly reliable but will one day "get smart" and revolt against us. Anyway, I'd check into the payment thing, and not worry too much about the rise of the machines part. |
|
|
|
|
Logged
|
"If you're darker than a caramel, Reverend Al speaks for you." - Aasif Mandvi
"Well, you can tell by the way I use my walk, I'm a woman's man: no time to talk." - stroh
|
|
|
Aske
Lederhosen
Karma: 120 Posts: 31405
Offline
|
|
Re: Your Money/Her Money? Shared?
« Reply #14 on: July 11, 2007, 02:44:50 PM » |
|
We have two accounts. Russell's wage goes into our account, which I run, and basically we live off that account. My wage goes into my account. I pay the mortgage, and I have a morbid fear of missing a payment. I just keep this separate so I know the home loan will always be paid on time etc. They have this new-fangled thing called "automatic electronic payment", wherein the mortgage company auto-debits your designated account on a specific day of each month. They use "computers", which I'm told are mostly reliable but will one day "get smart" and revolt against us. Anyway, I'd check into the payment thing, and not worry too much about the rise of the machines part.  |
|
|
|
|
Logged
|
Russia has invaded a sovereign neighboring state and threatens a democratic government elected by its people. Such an action is unacceptable in the 21st century. -- Chimpy McFlightsuit, CEO of Bu$hco Industries of 'Merka |
|
|
Poll
