Comments on: Who Is In Charge Of Your Finances? In My House We Are Equally Responsible.

By: Mrs. Ripples

Mrs. Ripples — Wed, 20 Mar 2013 01:51:07 +0000

My husband and I started out with seperate accounts and each paid half of all the bills, but as life got more complicated with having kids and a mortgage we ended up slowly combining accounts. I’m in charge of all the financial decisions. My husband really just doesn’t have any interest in it. One of the things I look forward to the most is on pay day when I get to “play” with money – Pay off bills, move money to different savings accounts, figure where to put any extra pay from overtime. I really enjoy it. If I am going to make a big financial decision, I try to talk to him about it first, but I really don’t think it would bother him if I didn’t. We do both have a seperate savings accounts that if we have extra spending money, then we put money in those savings accounts. That way I have my own money for shoes, clothes and spa days while my husband can choose to spend his on cd’s, tshirts and movies.

By: Beatrice

Beatrice — Mon, 11 Mar 2013 14:41:08 +0000

My husband and I own both separate and joint savings/checking accounts. I recently took over paying all of our joint household expenses (gas, electricity, mortgage, phone/cable/internet, groceries, childcare, etc.) because my procrastinating husband has a habit of incurring late fees and I am just more organized and interested in personal finance. I find it to be more work (calculating which expenses come out of which accounts) but for now, we prefer to keep individual accounts to pay for certain personal expenses (entertainment, work week lunches/snacks, gifts etc.) and for our own retirement savings.

By: Pauline

Pauline — Sat, 09 Mar 2013 21:27:07 +0000

I manage the day to day, he is in charge of the long term moves. We have the same goals but work better on different assignments than together!

By: anexactinglife

anexactinglife — Fri, 08 Mar 2013 13:19:19 +0000

My spouse and I keep everything separate. The main reason is that I have an inheritance I am managing for my child. We each contribute an equal amount toward household bills, and I pay them. We discuss finances often and are completely open about it. I find that separate accounts for non-household bills are helpful for me, because when my spouse takes money out of his own account to buy hobby-related things, I don’t have to think or wonder about it – he will just tell me.

By: Tina @ My Shiny Pennies

Tina @ My Shiny Pennies — Thu, 07 Mar 2013 17:21:40 +0000

My fiance and I agree that I will manage our joint finances. He dislikes the physical act of paying bill, and I enjoy playing with numbers and spreadsheets. Plus, he’s been known to incur late fees because he still pays some bills with checks! We plan on total transparency though. At all times, we will both know the passwords to all joint accounts, and I will create a spreadsheet that details where the money goes.

By: Jeanne

Jeanne — Wed, 06 Mar 2013 23:49:11 +0000

I take care of the financial stuff. Each month I do a spreadsheet and we sit down and go over it. He has full access to all the accounts and can see any transactions. We both know the limits of our discretionary funds and discuss anything that may come up. I would never combine financial stuff if I was not married. I did keep a separate savings account when we were first married but put it in the pot when I realized that if I trusted him with my life I could trust him with my money.

By: Michelle

Michelle — Wed, 06 Mar 2013 22:31:56 +0000

I’m the one who mainly manages all things financial. We often joke that he would be screwed if I died, but it’s the truth. He’s horrible with numbers and managing things on his own, so I’d rather do it myself.

By: Mo' Money Mo' Houses

Mo' Money Mo' Houses — Wed, 06 Mar 2013 22:28:19 +0000

I’m not sure what me and my BF will do after we get married. I think we’ll keep things separate until we buy a place together, otherwise keeping things separate while living together these 2 years has worked just fine for us, but maybe that will change.

By: newlywedsbudget

newlywedsbudget — Wed, 06 Mar 2013 20:06:28 +0000

I hate to admit it, but I am solely responsible for our finances. I’ve tried several times to get my husband involved–and he’ll do it, but I feel like it’s only to appease me. He really just doesn’t “get” it and it’s not something he’s very into, whereas I could crunch and re-crunch numbers all day!
We’ve gotten a lot better about money, but I think it’s mostly because we HAVE money now. We were pretty tight for a looong time, and we finally have some breathing room.