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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

Who is being unreasonable - joint finances

449 replies

namechange59295 · 16/03/2018 14:29

Namechanged for this but regular poster.

Please help me work out whether I am being unreasonable, or whether my husband is being unreasonable (I think he is, obviously!).

I'll try to make his as succinct as possible. Been with my DH for 8 years, married for 18 months, DS1 is 7.5 months. DH bought the house we live in when we had been together for 2 years, large cash deposit, small mortgage. I moved in and paid a reduced rent until the mortgage was cleared (approx. 3 years). I have then lived there for free ever since. The justification for this which we both agreed to was that I had to move around an hour from my friends, family and work to allow him to continue to run his business, which would obviously benefit us both in the future. His friends, family and hobbies are on his doorstep (literally, we can see his parents house and the rugby field from our windows!). I hate the town we live in, but we plan to move out of town in the next couple of years and as I have made lots of friends in the wider area I am happy with this prospect, although ultimately I would prefer to move back to where I grew up and where my family are.

So, mortgage is paid off and we both have significant savings, however he has about 3 times what I have. I believe his ability to save has been partly facilitated by me because by moving to his area I have allowed our relationship to continue and him to pursue his professional desires. Of course he has also saved very hard and worked very hard for that money. I have explained this part of our financial situation not to be goady, but I don't want to drip feed and I do think this is relevant to my AIBU.

Since moving in together we have paid into a joint account for food, bills, council tax etc etc. Basically everything that's needed to keep the house running. I have just stopped receiving maternity pay but have been paying in as normal until now. Agreement is that I will stay at home with DS1 because my commute to work means I would work for about £25 per day once we have paid for childcare. We have always been of the understanding that we would both prefer for me to be at home with the children for a certain amount of time whilst they are young and that was a large part of the reason we have settled in DH's area. All discussed and agreed years ago.

I do all of the housework, so cooking, cleaning, washing, ironing, food shopping, bins, recycling, night feeds etc. plus all those other little things like buying birthday presents, cards etc. He does bath and bed with DS 5 nights a week. He plays rugby twice a week and all day on a Saturday, with the occasional night out afterwards (not regular, say once every 2 months or so). He has a lie in at the weekend on both days while I get up with DS.

I have always said that I would prefer our savings to be held jointly, with a direct debit into an account for household stuff and then an equal allowance each for spending money. He has always said that he will just top up our existing joint account as needed. We are both relatively good with money so whilst I'm not really comfortable with this, in theory it should work as long as we are both reasonable.

With regards to our savings, we are both saving for a property investment, so in that sense our intentions for the savings are mutual. He obviously has a great deal more than I do at present, but my parents will be giving us a significant (approx £175k) sum to purchase said property when we find it so he will then benefit from my/their investment. Basically what I am trying to say is that we are on a fairly level playing field once all is taken into consideration.

Fast forward to today. We are looking after his parents dog for a few days while they are away. I took her for a run on the beach this morning and it was lovely down there so I bought a coffee in the cafe and sat outside for a bit longer. The coffee cost £1.50. DH has told me that I should take my own coffee in a flask because buying a coffee out is a waste of money. He says that if I was out for a walk with a friend and we went into the coffee shop that's fine because it's being sociable. I think that considering he disappears for 2 evenings a week plus most of Saturday week in week out (and there is a cost of say £20 a week for this) I should be allowed to buy a bloody coffee every now and then if I want one! I'm not one of these people who walks around with a costa permanently attached to my hand, I hardly ever buy drinks or food out. My social commitments are a buggy fitness group once or twice a week (£4 a time), baby sensory (£5 a week) and slimming world (£5 a week). I then go for a walk with a group of mums once a week and we have a coffee afterwards. This mornings coffee doesn't usually happen, it's only because I was down there with his parents dog and I just fancied a coffee because it was really nice there today. He is saying that if I had been with someone else it would have been fine because it's being sociable. I argued that if his hobby was cycling or running which he might do by himself I would still be happy for him to pursue it, it just so happens that he plays rugby and that is a team sport.

This next bit is the important bit.

He then said that he is spending his money when he does things, and I am spending our money. My argument is that all of the money is our money, including he money that my parents have promised me for the property purchase** whenever that happens.

I think this statement completely summarises his attitude towards me being a stay at home mum and whilst he is happy for me to do so, he is going to want me to account for every last penny I spend because as far as he is concerned, I am not the one who went out and earned it. I also think that this shows he does not value anything I do in the home and whilst I am happy to do it and appreciate that I am fortunate to be able to stay at home, I do not think that attitude is fair.

Well done if you are still reading - I am happy to be told I am unreasonable if I am and in which case I need to start grovelling after the argument we've just had. If I am not being unreasonable and he is being financially controlling, then I am just disappointed in myself for being so stupid as to think we were on the same wavelength.

Thank you.

OP posts:
Oldraver · 17/03/2018 15:40

And him coming clean over 85k while berating you over £1.50 cup of coffee makes him sound like a right bastard

Twelve1212 · 17/03/2018 15:42

Ask yourself, if he has 85k in savings (huge amount) why the ※※※ is he concerned about you spending £1.50 on a coffee ?

Twelve1212 · 17/03/2018 15:43

Oh we are all saying the same thing !

expatinscotland · 17/03/2018 15:45

'The company I work for is a massive multinational, good opportunities if you want them, good pension etc. I've pointed out to him today that I'm no longer prepared to give all those benefits up.'

I wouldn't, either. Take a long hard look at things because up until now, it's been you who's given up everything to facilitate his life. And he still wants that to continue, only he doesn't want to share.

OliviaBenson · 17/03/2018 15:47

Just be really careful he doesn't say the right things to convince you. You need to be 100% sure before you even contemplate being a SAHM. Given his behaviour I'm not sure you ever can really trust him on this - I would not be giving up all the benefits of your job that you outline.

All those savings and he begrudges you a coffee. Angry

namechange59295 · 17/03/2018 15:47

I know, it's ridiculous isn't it!!

OP posts:
Bluelady · 17/03/2018 15:55

Don't tell him that whatever you do! He'll start squirrelling money away if you do that.

Bluelady · 17/03/2018 15:55

I meant telling him how marital assets are split.

Twelve1212 · 17/03/2018 16:01

Be wary he may offer you the sweetner of a car for you to remain at home. I would ask for a car and you go back to work. You also need to claim child benefit in your name to get the pension contributions via HMRC/NI

LannieDuck · 17/03/2018 16:18

Can he explain why he's putting the savings all in his name? Does he actually think of it all as his money or as your joint money? And if joint, shouldn't half of it be in your name?

expatinscotland · 17/03/2018 16:30

I would go back to work and then buy my own car without consulting him. Would NOT trust him enough to be a SAHM. He's been showing you who he is for years.

namechange59295 · 17/03/2018 16:44

He says he thinks of it as joint. I don't believe him.

I say all of our savings should be held in our joint names. He says there is no point in changing it now because when we find a property our savings will be put into the house which we will own jointly. I don't think he believes me when I say the house purchase isn't happening!

OP posts:
g1itterati · 17/03/2018 16:53

It's amazing how things will suddenly become "joint" when you're contributing £175k to a new house and him £85k Confused

Then, in his mind, he can continue with his job and hobbies while you pick up the slack and he can still pull the "Big I Am Earner" card whenever he fancies. What a tool!

Tell him words mean nothing. You will be making a judgement based on his actions. Putting his savings in joint names would be a start.

Have you asked him how he thinks other people live? Who the hell does he think he is?

43percentburnt · 17/03/2018 16:57

Ah the tax. If he really cared he would max out both your savings to utilise your tax free allowances and then use both your isa allowances or put into Tax free national savings (assuming he wants it as cash savings).

As a higher rate tax payer, until the savings tax changed, the majority of our savings were in my lower rate tax payer husbands name. It annoyed him as I would regularly get him to switch accounts and rates to earn more interest!

Accountant and tax return my arse! I'm sorry to say it but he doesn't want his money in your name.

43percentburnt · 17/03/2018 17:01

Oh and if you are a first time buyer do you have a help to buy isa?

LannieDuck · 17/03/2018 17:06

Do you have a savings account already? If so, it would be the work of minutes for him to transfer some of the savings across to you.

(Barclays online banking seems to allow you to transfer up to £50,000 a day.)

expatinscotland · 17/03/2018 17:09

'He says there is no point in changing it now because when we find a property our savings will be put into the house which we will own jointly. I don't think he believes me when I say the house purchase isn't happening!'

Of course he doesn't. He's had it all on his terms, courtesy of you, for years now. He feels entitled to this status quo. All your conversations are going round in circles. So when you walk the walk and start back at work he'll have to accept that he's not entitled to get out of a life free because he works.

Snowmagedon · 17/03/2018 17:12

I would just want access to savings in case something Happened to him.

People are dropping like flies in my family, if he popped his clogs right now, can you you access money to live on right now, and pay for funeral?
We have joint account and opening up some others was very easy!

Bluelady · 17/03/2018 17:15

Excellent point. If he died all his accounts would be frozen until probate was granted which can take up to six months. Just from a tax point of view it's madness for all the savings to be in one name.

namechange59295 · 17/03/2018 17:15

It's all such a mess isn't it. Do you think the best thing for me to do would be to get clued up myself then arrange a meeting for us both with a financial advisor?

Alternatively I could see a financial advisor by myself but there will probably be details about his business income I don't know (not because he has kept things from me, but because there are 3 directors with different share interests and it's a bit complicated).

OP posts:
newsparklythings · 17/03/2018 17:22

Be careful he's not playing a long game now, so as to get his hands on the £175k

Snowmagedon · 17/03/2018 17:24

Has it Been discussed if there is a will op.. Is this house in his name and again if he died.. If he hasn't bequeathed it to you it could be a night mare it won't necessarily all go to you

Anyway, his words are cheap, you need too o see action now.

newsparklythings · 17/03/2018 17:24

Why not see a divorce lawyer. Not because you want to divorce, but to get clued up on stuff to watch out for in case you decide to later.

yoyo1234 · 17/03/2018 17:25

That is a lot of money to find a partner has in savings (especially if begrudging you £1. 50 on coffee). There have been times when £1.50 was a lot for DH and me ( but this worked BOTH ways, the fact your DH is spending on weekly activities at the same time is the worrying part). However, could he have a large end of year tax bill potentially due and what is he like with money stress?SAHM arrangements can really work if arrangements are in place ( eg pensions and NI contributions in place and spending money is fair). As I mentioned before ensuring child benefit is paid (to you) keeps NI contributions to date ( up to the child is aged 12). All major savings/ property equity should be equally divided ( in some ways property in both names can be a protected and an obvious asset not easily hidden). Pensions can be difficult as the law can take into account if these were set up ( and paid into) premarriage and the division may not be equal if you split. Hiwever, pensions can be set up in your name as well and obviously ISAs as well. Think of your ages as well; lifetime ISAs may be a good idea as a pension ( seek financial advice). If you think his comment about coffee is reflective of other things and how he values you then that is different.

Allthewaves · 17/03/2018 17:27

If he doesn't want joint savings then he transfers x amount into your savings so you both have the same.

Plus if your not working you need a hefty payment into a private pension for yourself.

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