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Who deals with the finances in your household ?

102 replies

Coronacoronaprobs · 02/06/2020 20:00

I’m wondering if our set up is normal? I do all of it bills, direct debits, applying for anything etc etc etc - it’s a lot.
Is this the same for everyone if their partner works? Does it fall to the person who doesn’t work to do all this kind of ‘admin’?
Feel a bit under pressure

OP posts:
mrsbyers · 02/06/2020 22:11

Me , everything is in my name and mostly in my maiden name

ssd · 02/06/2020 22:12

I do it all.

lboogy · 02/06/2020 22:14

I do it all

LittleOgres · 02/06/2020 22:20

DH bought our house when we were engaged to develop. But we decided to keep it. So everything was in his name anyway. He has my name on the mortgage, but all bills are in his name, and he does DD.
When I think about it, I’ve never really paid a bill.Blush
I rented before we married, but was a shared house, and then I moved in with a girl who owned the apartment. I just handed her the rent each month. Think it included utilities.
Now I pay for things like after school activities for the kids, who are mostly teens. Shopping etc.
I haven’t a clue what DH earns, I’ve never asked him. Nor he me. Works for us.

MilaRos · 02/06/2020 22:28

I sort mobiles, car tax/insurance and groceries. DH is in charge of the rent and utilities.

alfiesmam · 02/06/2020 22:31

There’s not much finance stuff - everything is on DD .

Chew2 · 02/06/2020 23:02

DH does all household bills, everything in his name solely, I do my own personal bills and I'm better with money but can't be bothered with it all, I think DH likes to be in charge of it all too. We don't have joint accounts either and may never bother. I still haven't changed all my accounts from my Maiden name after six years of marriage.

AllNewThings · 02/06/2020 23:06

Me. I'm good at it (it's my actual job) and DH is a buffoon. I keep him completely in the loop and we make big financial decisions together, but he if I let him loose on our finances, he'd have it all spent on penny whistles and moonbeams.

mindutopia · 02/06/2020 23:07

We both do it equally, tend to have certain things we each organise. But if you aren’t working, then yes, I assume you have more time so it makes sense.

happymummy12345 · 03/06/2020 00:31

Mostly dh as he works full time. I don't work at all so it's his wages that provide for the family. So it's easier for him to deal with all financial things

TokyoSushi · 03/06/2020 00:36

I set things up like insurance, mortgage etc but DH does the managing, such as seeing what we can move into savings etc.

Both have full access to all money though.

Muppetry76 · 03/06/2020 06:28

I don't understand how doing the banking for a average household is such a big deal?

I (single parent, work full time but previously did all the money stuff when married) have everything on dd except school lunches. I've just remortgaged, googled and number crunched for an hour, decided to stay with current lender, form filled in and posted, done, nothing to do now for 3 years. Same with energy/phone/insurance etc. Quick comparison website job, 30 minutes max, done for a year. Tax credits etc, all done online, don't have to think about it for a year. Savings accounts set up for Xmas, holidays, car maintenance etc all get standing orders paid in on payday.

I used to work in finance, I wonder if people are more scared than they need to be about household budgets?

AnduinsGirl · 03/06/2020 06:36

I "run" the house. We both work full tome but the house was mine before we met, so just makes sense.

Fleurchamp · 03/06/2020 07:15

I do it all. DH hasn't got a clue. Everything goes into the joint account and we each get our spending money paid by standing order into our sole accounts.
DH gets a text with his balances on once a week and that is it.
I have a spreadsheet that I update once a month - he will sometimes look at that.
It doesn't usually take me very long unless I have to shuffle money about or pay more bills - like a PP said it is the DC's expenses that are the worst! All the clubs, childcare, school bills are never ending.
I also do a big sort out at the end of the tax year to make sure we have maximised pensions and ISAs.
It doesn't take me that long but it does take up headspace.

MrsT1405 · 03/06/2020 07:32

Both retired, live abroad so 2 currencies. It's my dh hobby. He has a huge interactive spread sheet and spends ages on it. He gives me updates and we talk our finances over but he deals with it. I make sure I access accounts regularly so I know what's what. He pays the bills as well but again they come through joint accounts.

Epigram · 03/06/2020 07:42

DH does most of it. He works full time, I work part time and we're both equally good with money / spreadsheets etc so I'm not sure why. It's just ended up that way.

CeeceeBloomingdale · 03/06/2020 07:43

Mainly me

soundsystem · 03/06/2020 07:43

Both of us. We both work full-time.

MrsJBaptiste · 03/06/2020 07:46

We both do but DH keeps everything much more up to date than I do.

We have spreadsheets for all out savings accounts which we both update and stocks & shares which DH oversees as he's much more into that than me!

I do sometimes feel I should be more involved in case I suddenly had to do it all but by the time I go online to check our finances, DH has already gone through everything!

hopeishere · 03/06/2020 07:57

We don't have joint finances.

DH - rates, electric, gas, tv licence, own car

Me - food, my car, childcare voucher stuff.

DrDreReturns · 03/06/2020 08:02

I do it all (savings, utilities, checking our balance etc.) DW asked me to do it - I'm male. She doesn't even want to know the online banking login details after a scammer phoned up and persuaded her to transfer the contents of our current account to their account!

TheAirbender · 03/06/2020 08:11

DH - I’m crap with numbers. Every couple of months we sit down together and go through all expenditure and “the spreadsheet” so I know where we are and everything is joint. So long as I know where it all goes and where it all is I am happy to let him play to his strengths (he is an Investment Manager).

Ragwort · 03/06/2020 08:18

My DH does most of it, he is very good with spreadsheets etc and checks the accounts every morning and has budgets, forecasts etc Blush. (Works in sales).
I have access to everything but am just very lazy about doing the practical stuff. Although I have been able to find a few deals and renegotiate a couple of contracts recently, but I prefer to do it on the phone rather than on line.
I have lived in my own, had my own mortgage etc so I do know how things work and would be perfectly able to cope if I was on my own although that was years ago before technology took over everything.

PontiacBandit · 03/06/2020 08:24

I do the finances but then I enjoy it. As an accounts nerd I run a complex spreadsheet to track all our accounts and credit cards. I run a budget and cashflow forecast, I also do a sort of profit and loss to easily compare income, fixed outgoings and variable outgoings.
It's ridiculous overkill but it's nice to see progress over the years.
DH gets a simplified net cash total every month.

Patienceisvirtuous · 03/06/2020 08:27

I hear you OP.

I do like to be in control of it but it is a lot. I work 30 hours too and have a toddler.