We have a household account that we both put the same money in every month. We also have separate accounts that have small amounts of spending money or in my case my child tax benefit and the kid's money. From our joint account we pay for the house (mortgage, heat, electric, satellite, phone, etc...) the cell phones, the groceries, our savings, any joint purchases (furniture, gifts for friends and family) date nights, anything that is for our family or us as joint people. With our separate accounts we buy the kids their stuff ( clothes, lessons, daycare etc) and any gifts for each other. The main reason for the division of money is I have 3 kids and he has 1 so in order to be responsible with the money that comes in for them we have different accounts. If we have a child together that money would be from our joint account. This works very well for us. It didn't at first and requires a lot of trustbut it works now.
how you described it is what I had come up with too. Thanks for making it a little more normal. My parents are all like, combine incomes, share money ect. ect. I might just do that if I were 20 and just starting out......I am not and neither is he. and truthfully - he isn't very good with his spending money. He has gotten better since meeting me, but still has a way to go. i don't want to get caught in that. I go to stretch my dime and our account is empty. I'd hit the roof! Its gonna be tough like you said Steph. and I am in charge of the account. He just puts money in. So trust is Huge It'll be good!
We have seperate accounts, he pays certain bills and I pay certain bills, he pays for his kids, I pay for mine. It works for us, because like you said we aren't 20.
Money is an enormous stress and I think if you can have a little to yourself it makes the idea of being accountable to each other less of an issue. If I can grab Starbucks or whatever and not have to justify it it goes along way to keep things amicable. On the flip side of that is there needs to be money to pay the bills and I need to KNOW that it is there, hence the household account.
Yup the joint account will work good. I am in charge of it. he will have full access. Then I Make sure all the house bills are looked after....and hopefully. If I budget the food protion of it well we might get to have some left-over to save!!! how great would that be
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We have a household account that we both put the same money in every month. We also have separate accounts that have small amounts of spending money or in my case my child tax benefit and the kid's money. From our joint account we pay for the house (mortgage, heat, electric, satellite, phone, etc...) the cell phones, the groceries, our savings, any joint purchases (furniture, gifts for friends and family) date nights, anything that is for our family or us as joint people. With our separate accounts we buy the kids their stuff ( clothes, lessons, daycare etc) and any gifts for each other. The main reason for the division of money is I have 3 kids and he has 1 so in order to be responsible with the money that comes in for them we have different accounts. If we have a child together that money would be from our joint account. This works very well for us. It didn't at first and requires a lot of trustbut it works now.
I talked with him about it last night.
how you described it is what I had come up with too. Thanks for making it a little more normal. My parents are all like, combine incomes, share money ect. ect.
I might just do that if I were 20 and just starting out......I am not and neither is he. and truthfully - he isn't very good with his spending money. He has gotten better since meeting me, but still has a way to go. i don't want to get caught in that. I go to stretch my dime and our account is empty. I'd hit the roof!
Its gonna be tough like you said Steph.
and I am in charge of the account. He just puts money in. So trust is Huge It'll be good!
We have seperate accounts, he pays certain bills and I pay certain bills, he pays for his kids, I pay for mine. It works for us, because like you said we aren't 20.
Money is an enormous stress and I think if you can have a little to yourself it makes the idea of being accountable to each other less of an issue. If I can grab Starbucks or whatever and not have to justify it it goes along way to keep things amicable. On the flip side of that is there needs to be money to pay the bills and I need to KNOW that it is there, hence the household account.
Yup the joint account will work good.
I am in charge of it. he will have full access. Then I Make sure all the house bills are looked after....and hopefully. If I budget the food protion of it well we might get to have some left-over to save!!!
how great would that be
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