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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

AIBU regarding this money?

102 replies

AlaskanSnow · 01/06/2017 09:26

Background - when DH and I first moved in together 12 years ago as boyfriend and girlfriend we had separate money, each paying the same amount into the joint account for household expenses.
Our earnings were uneven, I earned about £12kpa, he was over £30kpa. I also had a small loan of about £5k which I paid off out of income.

3 years later, he was made redundant. Our money then became joint as he went self employed and it was easier to manage that way as the income was erratic. My money went straight to the bills account to cover everything there, his money became food/petrol/spending money. Any spare we have goes into savings.

Our incomes have now switched. He earns just under £20kpa, I earn double that. Doesn't matter - everything is joint.

He received a PPI refund last year of about £2k. We put half away in a specific saving account (to pay for work needed to be done on his classic car) and spent the rest on a holiday. So we had joint enjoyment of the money.
The car is one he has had since before we got together. It was bought with money his Mum gave him before she died, and so is very important to him. Unfortunately it needed a costly repair about 5 years ago which we couldn't afford, so the car went into our garage and has remained there until we can afford to spend the money on it. Since then I have been squirrelling odd bits away for it. I put the cashback we receive from quidco each year into that account, and set up a "save the pennies" scheme which also goes into that account.

So here is the Issue.
Yesterday, DH's Dad gave him a gift of £2,000. As were driving home, I suggested he had half to the car account, and half went into our savings (as we are having building work done at the end of the year, all budgeted for, but these things often go over budget)
He disagreed and said that he wanted it all in the car account.

I said I would prefer it to be split, as we are using almost all our savings on the work, and would feel more comfortable knowing there was a cushion.
He said I could do that, as long as the £1000 I took for the savings was repaid back to the car account as a priority. I said I couldn't guarantee that, if we needed to spend it then I would be working on building the savings back up a bit before putting money back in the car account.
I suggested that it all go in the car account, but if we did need it, we could dip in.

By this point he was quite angry, saying we hadn't accounted for that money, so what did it matter of it all went in the car account. My reply was that I would feel more secure knowing we had the extra £1000 buffer towards the work, and if it wasn't needed, it could go in the car account. It was quite heated by this time, so I left it.

This morning he was still noticeably cool with me.
I said I didn't understand what I had done that was so bad, and he said it was my presumption that I could decide what happened to the money. I said it wasn't presumption, it was a suggestion to then discuss, as adults with joint finances. I was stunned when he said
"He didn't consider this joint money". It was his. I asked wasn't it the same as the PPI, as that was a loan from before we were together, and he said yes, that was also his money, but he chose to spend it on a holiday for us both.

I'm stunned. And a little sad.

During our marriage I have received money - compensation from a car accident, and also I sold the car my Dad bought me when I got a company car. In both instances the money was spent together (on our wedding, actually). I did not consider this MY money, it was ours.
Also, the money that I have out earned him by each year - if we had stuck to our original way of managing finances I would have lived luxuriously whilst he struggled, but thats not marriage. Or so I though

So, given that money was a gift from his Father, WIBU to think we would discuss together how it was spent? Was I (as DH put it) graspy?

OP posts:
RB68 · 01/06/2017 10:33

sorry I would also make the point that the car is solely his project and as such if he takes the full 2k going forward he is going to have to fund that project from money above and beyond what YOU earn ie when his earnings hit 40k then he can put spare into the car.... he is forgetting the 20k difference here

BluePeppers · 01/06/2017 10:33

The issue with a GIFT pink is when one partner is treating any money as family money and the other is looking at it as gift to do as he pleases.
The issue is one rule for one person and another rule for the other.

Whether a gift is gift to use as you please and not to put into the common pot is for each family to decide (some will think like you, others will put everything in)

Dadstheworld · 01/06/2017 10:34

MommaGee

I would agree, if the OP hadn't already been subsidizing this project.

Mummyoflittledragon · 01/06/2017 10:35

I would be beyond upset in your situation. I totally agree it is a gift to him from his father so he has the right to spend it as he wishes. However, you have been beyond generous and money seems to always flow in one direction. Before I did what Chloe is suggesting, I'd try to get through to him first. Explain how you could play this situation out if he wants a situation with "his" and "your" money. I fully understand why you paid off your loan as it was early days. Did he buy you to nice things or pay for the odd meal out etc during the time when you were paid a lot less?

Allthebestnamesareused · 01/06/2017 10:36

Make a list of the things you have mentioned (eg your compensation) and show him how you have put in more than him.

then give him the option of non-joint finances from now on with him having to pay his half share from his lower income. I suspect he'll change his mind!

Picklepickle123 · 01/06/2017 10:38

Agree with PP. Rather than focusing on the money from his dad, have an honest conversation regarding finances. I appreciate our earn more than him, but that doesn't mean you should 'cover' him, or that he should feel that he is doing you a favour by spending his money on family things.

Inertia · 01/06/2017 10:38

The problem is that you are both treating his money as his, but yours as joint.

Petty as it sounds, I would be inclined to withdraw the money you've added to the car savings and move it to the building fund so he can spend his money on his car. However, being grown up about it, you do need to resolve the issue of money, especially if you intended to have children at any time.

TestingTestingWonTooFree · 01/06/2017 10:38

We keep gifts to ourselves if they're Christmas/birthdays. Ad hoc cash gifts we treat as family gifts. They go into the joint account/joint savings.

As it was a no strings attached gift, I agree with your suggestion. It's not fair of him to change the rules when it suits him.

brasty · 01/06/2017 10:39

Totally agree with you OP. This is not about the car, but the fact he considers it his money, and you consider money our money. I would be hurt and taken aback by this too.

IAmNoAngel · 01/06/2017 10:41

How much is the car repair likely to be? It sounds very expensive.

I would let him put the 2k towards it but suddenly find i couldn't afford to ever put money into the car fund and put future spare money in savings instead.

MatildaTheCat · 01/06/2017 10:45

The building work will almost certainly go over budget so unless you have a 10% contingency fund the £2k will very likely be sucked up by that and quite possibly the rest of the car savings.

Is the car of some value to be requiring such a lot of cash, time and marital strife? It sounds like your DH's blind spot but one you cannot afford as a family.

FloatyCat · 01/06/2017 10:45

It's one rule for you and another rule for him.
Also you are putting 'your' money towards his hobby / project, are you getting anything back from this, do you enjoy the car, benefit from it?
TBH if this was me I would be stopping any sort of contribution towards the car in the future from 'my' money.

MatildaTheCat · 01/06/2017 10:47

Also, one set of parents gave a cash gift,mis it really just to their child rather than the couple? My in laws would never do that. If we've ever had a big gift it's been to 'us'.

LucyLocketLostIt · 01/06/2017 10:48

Have a joint account for essential bills.

You both contribute equally to this.

If you also want a joint savings account then again, both contribute equally.

Keep everything else separate. Stop chipping in for his car.

I also agree with @Chloe84. He's taking advantage.

deadringer · 01/06/2017 10:49

I think the money was a gift and belongs to him. But i think you need to look at the way your finances are arranged and adjust if necessary. I alsoi think you should hang on to the money you have out away and spend out in yourself. His car sounds like a money pit.

MommaGee · 01/06/2017 10:49

MommaGee. I would agree, if the OP hadn't already been subsidizing this project
Then OP has every right to stop. Unless there was an explicit agreement that ANY money was joint money or DP backed her into a corner over the money then I still say its a gift and its going on something OP is putting into (car) so one she can stop putting in or put less in because bow there's an extra 2k in there

Just how much will the building work and the car cost each?

AlaskanSnow · 01/06/2017 10:51

The car will cost approx £6k to repair (at last estimate a couple of years ago).
Currently, without any of this gift money the repair account stands at just under £2.5k. So this money wont get the car repaired immediately.
In excellent condition (which it will be after the work) it is valued at £20,000 which is absolutely his. He came to the relationship with it, I have no claim on that. If he sells it, its his money. If he wants to keep it forever, I support that decision - we bought our house specifically with a a garage to house this car. It was always a weekend/treat car, never a daily run around.

I'm glad some of you can see my point. I don't begrudge the difference in earnings, nor the money that I've put in to things. I'm just incredibly sad that we have such a difference of opinion on this when I thought we were both on the same page.

I'm also now worried about what happens if/when we inherit. I'd assumed that anything we inherited would be jointly received. We'd pay down the mortgage, maybe move, maybe treat ourselves to something we wouldn't have bought usually as a remembrance...
As it stands, again there is a great disparity between what could be inherited, situations depending. DH only has his father, I have 2 living parents (separated, I'm an only child) plus grandparent, plus godparent with no children and I know I'm the main beneficiary there.

I don't want to argue with him, I hate it when we do and I feel wretched today. But how can I clarify the above without making him think I'm still trying to get my hands on that £1000.
I don't want it anymore, he can put it in the car fund, but I do need to reassess things.

OP posts:
bigbluebus · 01/06/2017 10:52

Difficult one OP. If the gift had been a cash birthday present, I assume you would have let him spend it on whatever HE wanted and not have to share it with you/the houseold. This is just a different sort of gift, surely?

capru · 01/06/2017 10:52

I agree with you Alaskan. It can't be joint money all of the time and then separate whenever it suits him. I'd be reviewing the financial set up that you currently have.

kath6144 · 01/06/2017 10:52

you sound really grabby over a gift to dh from his dad

It was a GIFT from fil to his ds, therefore it's dh money surely as a GIFT from his dad!

So how come that doesn't work both ways? How come Op paid half of bills when on lower salary, but he doesn't do that now salaries switched around? How come Op has put money she has saved, plus money from her car accident etc, into joint spending?

Either he is happy for all money to be joint, or he isn't. He cant pick and choose when its joint and when it isn't.

I received an inheritance when my mum died last year, plus a share windfall from work. All went into joint savings (All money has been joint since we married 21yrs ago) and is being fed into individual ISAs, plus paying for a holiday, house improvements, new family car, all joint stuff.

Should my DH ever inherit, I would be mightily miffed if he suddenly decided that is his alone, after years of everything being joint! Yes I know inheritances are sometimes ring-fenced in divorce, but we either share both inheritances (if he gets one) or neither. And no, I don't consider that I am grabby in the slightest - if I was, my inheritance etc would be in my name alone or frittered on personal stuff!

Op - you are not grabby. Maybe sit down with him and point out the injustice of him choosing when to consider money as joint, and when not to. And if you don't get anywhere - well it is fairly simple to open your own bank account, have your salary put into it, and transfer half of bills to joint account each month.

RB68 - words fail me on your DH's double standard thinking, what is it with these people?

Assburgers · 01/06/2017 10:53

I also agree with Chloe, given the way you've shared finances up to this point. How would you feel about splitting things 50/50 from now on?

AlaskanSnow · 01/06/2017 10:59

To a PP, yes, in the early days he always paid for date nights etc, but that was more because he would want to go out for dinner, and unless he paid, I couldn't go.

We have £8k aside for the building work. Builders quote was £5k finished, and I've got extra in there for new furniture.

Our first child is due is October. I/we have separate savings to cover shortfall in income over maternity leave (plus a separate child cost fund for baby stuff), plus I'm only having 6 months before going back part time. The drop in my income will not affect us too badly, and we are lucky enough to have family childcare.
We aren't in a bad position at all. I'd just rather be careful. As you can see, I like different accounts for different purposes. I know where I am then.

OP posts:
DomJolyNurse · 01/06/2017 11:00

I would be annoyed.

Maybe because it is a gift he thinks he has the "main" say in what it is used for. I guess in the end you were working towards repairing the car anyway.

Although it was different at the start, sometimes you evolve to have completely joint finances. Now you have, he cant suddenly seperate this. OK it is his gift but it changes both of your financial plans.

I'd be a bit wary of it being kept in the car fund but with the proviso that if your building costs overrun it can be used. Because when they do (possibly!) you will have another argument, or he will question/begrudge why it has gone overbudget.

If he insists he wants to put the money there, I wouldnt split your finances but I'd put every spare penny in the savings account until you have a buffer. The car savings account is not a priority now if it has had an unexpected boost.

It is ironic extra money is making you argue.

AyeAmarok · 01/06/2017 11:00

I thought YWBU about this money specifically, until you said that when you have received similar windfalls, you've considered it joint money and spent it on both of you. Therefore, you are right to consider this "joint money".

Perhaps he should still spend it on the car. But you should both discuss it and agree.

Jaxhog · 01/06/2017 11:01

YANBU. Either your money is joint or it isn't.

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