AIBU- newlywed debates

[Loli2]

Hi all
DH and i married earlier this year and bought first home.
DH wants to use our savings and some of my personal savings to buy himself a car (we dont even have that much lol). Not a flashy one but something normal. Just because his is old.
I dont think its fair to use them all and definately dont think its fair to use my own personal? He says he put more money into purchase of the house and now doesnt have money for this (which is true) but he does earn much more.
I suggested using some of joint savings and taking out small loan so we have some left but he says thats stupid when we have it there.
Feel like i will have been working hard all year and nothing to show for it personally other than a car for DH which i wont be driving
AIBU and selfish?? Just not sure what to think as not used to this. Maybe it is normal.

Its a joint decision and I think you're wise to put your foot down. He isn't the senior partner in your marriage because he earns more. He can buy a cheaper car -£8k is plenty for a car.

Having said that presumably he drives you around quite a bit so saying you get no use out of the car is a bit if he does.

Bare foot investor is a good read.
He suggests 3 months wages in an account to cover any unexpected redundancy or illness. Then money coming into home gets divided into 3 buckets (accounts). Spend bucket which is 60% of income that goes on everyday living, food, mortgages bills etc. Splurge bucket that 20% income goes into for dinners out, haircuts etc. with an agreed spending limit before consultation ( ours is $200.00). Last bucket is savings with last 20% of income. This is the bucket for cars, holidays etc.
He also suggests never buying a new car because of depreciation. Always a good second hand one.
Good luck

It's interesting that he has paid 10 grand more than you into the house and that's the exact amount he wants to take from your / joint savings for his new car Are you SURE he was happy about the disparity? Is he subconsciously (being charitable) trying to balance it out?

I do agree it would be silly to pay interest on a loan when you have the money there, but that doesn't mean you should spend it ALL on a car!

Tricky one - I would say if you’re married then all savings should be shared rather than yours/his and all decisions about how to spend them should be made jointly.

I think regardless of whose money it is, spending £10K on a car and leaving no savings is not a good idea. You can get a perfectly good car for half that amount.

Also if he earns more than you then household bills and expenses should be split proportionally for it to be fair.

Why are you contributing equally if he earns more?