To ask if you share money in your relationship

[jajajaja4]

I am interested to hear how couples manage money.

Do you both put all your money in a joint account and both dip into it, or do you pay 50/50 for bills and buy other things with your own cash?

The reason I ask is me and my fiance earn very different amounts - he earns around 50k while I earn 20k. We pay 50/50 for bills, which means he has A LOT more money to spend on luxuries and leisure.

I know it's his money, but I'm wondering if married couples usually operate in this way? And what happens with SAHMs - do they get any money from their partners to buy things they need? Does their husband resent them?

We both have bank accounts but the money is ours. Whatever bills are due that week whoever has the money pays it. The rest of the money is shared.

All money is our money. There is no distinction.

Large purchases for the family are discussed together.

Bills, food and stuff for the kids is split 50/50. DH earns more than me cos I'm part time, so usually family days out, meals out, date nights out etc are paid for by him. I buy my own things for myself from my money like make up, clothes, hobbies and days out with my mates and he does the same from his.

Neither of us resent one another for asking the other for money. I used to be the bigger wage earner before I went part time. If you are a couple, then everything should be shared. It goes the other way as well. My DH also actually does 50% of the housework and childcare as well.

My DH has got himself into a bit of a financial mess before we met, because of that when we did move in together everything was in my name, mortgage, bills etc and we did not set up a joint account. I am also the higher earned now. All bills are paid out of my account, DH transfers a portion of his salary to me each month to cover his share (we split things roughly 2/3 1/3). Any savings we have come from me. We recently moved and due to DH credit rating still being poor we still have kept everything in my name.

Saying that, I still see both incomes as joint money regardless of if it is in a joint account, if DH needs more disposal income one month I transfer it to him

I've earnt more than my dp throughout our whole relationship except when I was on maternity leave. I earn about £12k a year more than him.

All our money is shared. There's no mine and his. Our wages get paid into our own accounts and then we transfer into the joint account where all bills are paid from. If the joint account is running low, one of us tops it up. We both have savings in our own names, but we see this as joint money.

We have a dd but this is how we operated like this before having her.

I'm a sahm and therefore have no earnings, we don't have a joint account but he pays in 1/2 his earnings monthly to my account (own business, works tax wise) and we have a credit card with a card each that we both use (for air miles) and we both pay off a chunk at the end of the month out of our separate accounts.
So it's pretty much 50/50, we don't have any arguments about money but regularly have a "wtf" discussion how much we both spend on food!!!

We have a joint account for mortgage/bills but pay proportionally to our earnings e.g if one partner earns 75% of the money they contribute 75% of the money into the account - anything else is in our own accounts

All money goes into one joint bank account. All bills come out of it and we have standing orders to put money into savings for things like holidays, house insurance and big purchases.

We’re not ‘cash-strapped’ so don’t ask each other for a tenner here and there or for money to spend on clothes for ourselves or the kids. We discuss big purchases together or pay for it out of birthday/xmas money from our families (DH has an expensive car hobby).

DH earns a very good wage plus bonus working for a bank and I get a very small pension and disability benefits. If he kept all his money and I had to contribute to the bills it would be bloody unfair.

My stopping work has facilitated him being able to pursue the career he wants without giving any thoughts to childcare commitments.

It’s a marriage, which means we are equal partners.

we have always had joint finances - sometimes I have earned more, sometimes he has. When we married we became a team and we shared

We have a similar difference in earning but the opposite way so I'm the higher earner. Though previously he was. We think of it as all our money - we work equally hard and share domestic duties. In reality I pay rent and bills and put most of what's left into savings. He pays food and petrol and saves for our 2 holidays a year. So we probably have a similar amount of spending money each month.

The fairest way is to put the same percentage of your earnings into a joint account that will cover bills and things you do together. This system worked brilliantly for DH and I prior to marriage. That way you still have your own money to purchase things for yourself and you can still treat each other. He will still have more disposable cash than you but will also be putting in more to the joint account. You’ll need to agree the actual percentage and make sure it covers everything it needs to.

As soon as DP and myself found out we were expecting baby no 1 we set up a saved joint account and arranged for our wages to be paid into it. Since then (now going on 5 years) our money is seen as joint money. Has never been a problem. At the moment DP earns more then me as I'm on maternity but when I go back to work we earn roughly the same amount. Still hasn't been an issue.

We're a team. So all income is our income - i couldn't be a sahm otherwise.
We both have the same amount of spending money to fritter away on whatever we fancy. So two personal accounts.
Monthly spends (food petrol) and direct debits come out of the joint current account.

Annual less frequent spends come out of the joint savings account (holidays, water bills, car tax & insurance and new tyres and MOTs etc, xmas, kids' birthdays, professional subscriptions)
DH has an extra bit into his c/a to cover train travel commute and coffees/lunch with colleagues.
It's damn complicated but it works for us.
I'd never put him in the position of asking for money (have been higher earner in the past) and i'm damned if i'll ever do that.

We split bills and joint spending 50/50 until maternity leave. Then switched to all money going into the joint account, with each of us taking the same set amount of personal spending money each month.

We have a bill account that we put in 50:50.

Have our own separate accounts for everything else.

Joint account for bills which we put an equal amount into. And some savings for DC. Otherwise separate accounts and savings. I couldn’t handle each of us knowing exactly what the other spent. But we earn around the same. If there were a huge difference, we’d probably organise things differently.

Everything goes in one pot and all our regular expenditure comes from there. We take out the same amount of fun money each. I earn more. He recently had some inheritance and that all went into our joint savings. I don't really get the whole paying a proportion each based on wage or having totally separate accounts but I think I am in the minority there.

One account, one savings account both joint. We pool everything and share everything.

Since becoming parents we put everything into a joint account minus the same amount of spending money each. We are both free to spend from the joint account but confer when spending over 200 in one go.

We both work full time. For a while I earnt more. He does now. Maybe later I'll earn more again. Or not, who knows?

One account - everything shared, it helps that we have a very similar frugal attitude towards money - it would be hard if one of you liked to put any 'spare' money aside for pension/paying off the mortgage and the other preferred to buy designer clothing or go to nice restaurants. We are both 'savers'.

It works for us - I can honestly say in 30 years of marriage the one thing we have never fallen out over is money .

We have separate accounts.

Mainly because we have been too lazy to open a joint one. However we are about to move and have said that we need a joint account. It’s only our list of things to do (same as the past 8 years )

Dh pays for 2/3rd of the bills I pay the other 1/3rd, dh works ft I work or, and he earns double maybe treble what I do.

If I want or need some cash he just sends me some and vice versa. It’s all joint money. Just not in the same account.

We've never had a joint account. We used to just have direct debits set up for approx half of the bills and outgoings each.

DH is now a SAHD and I just transfer a load of my wages to him automatically each month, ad the bills are still coming out of his account. So we probably have similar amounts left at the end of the month. He does most of the grocery shopping too.

We don't really have and never have had your/ my money, even though my wages were a lot higher before he stopped working.

We have both salaries paid into our own accounts and then transfer the bulk to the joint account which pays for everything to do with house, food, holidays, child, dog etc. We both have equal 'spending money' in our individual accounts so are on the same personal budget and I out earn DH now so seems fairest I pay more.

We have two joint accounts. My wages go into one and DH wages go into the other.

There are bills which come out of each account. The money for food, petrol, day to day living etc gets taken out of DH account at the beginning of the month. That account isn't then touched until the next month.

The money which is in my account is our frivolous purchase money