To ask how you split finances if you work part time?

[Iamnottheone]

I have been a SAHM (a joint decision by the way) for the past five years whilst my children were little.

I have now returned to work part time and just wondered how people split the finances with dh/DP with this arrangement?

I only earn about 25%of what DH earns. I was thining that what i earn could be set aside for the extras like holidays, work on the house, etc? We share finances jointly pretty much anyway but don't want it to look like I'm not contributing to the bills, etc fairly. If it makes any difference, we are comfortable on DH'S wage alone, my income is just extra on top of that.

All money earned goes into the joint account from which bills, joint expenses and stuff for the DC is paid. If you have a savings account money can be transferred to that every month and if you want to keep separate accounts too you have an equal amount of no questions asked spending money each month too.

But if I find myself skint, he just transfers me some money, no questions asked. So it's kind of irrelevant really.

It wouldn't be irrelevant to me. Having to ask DH for money would be like him having to ask me to do what I do. I spent all week making a bloody costume for DD. All very important for her, her friend group, activities at school. All the really important in terms of her emotional health. DH doesn't have to think about this crap, lucky him. I wouldn't ask him for money, he doesn't have to ask me to make a costume.

It also implies he has spare money and you don't. That wouldn't work for me.

DH and I this very morning had a conversation about money. He said, "shut up woman, I'm the man it's my money". We both fell about laughing.

We put everything together, pay everything, have equal 'pocket money' that we spend as we wish.

Ditto. Now I am a SAHM we do it the same way. Except we both have had to reduce the amount of pocket money we get.

I work FT, DH works part time. I earn twice what DH does.

All money goes into the same account. We save some money (not as much as I would like but better than we have been).

Before DS was born we had separate accounts for pocket money; but we don’t have those anymore

Like others, all goes into one pot. I earn about 1/4 of what DH earns. I work about 26 hours to his variable 38. I still have my own account from before we were married, so I take an amount from the joint account each month which I'm allowed to use for my 'stuff' (dresses, fabric, shoes etc) DH doesn't bother and has no clue about our finances. I do all household admin.

Everything into one account, and spent as needed.

DH currently earns 4X what I do, and up until last month I had no earnings at all. 2 years ago, I worked full time and he had been made redundant so had no earnings and it was still the same. Neither of us keep tabs on what the other spends, so if I spend 30 on a haircut and buy some new boots one month and he spends nothing, not an issue. Same as if DH spends a big chunk of money one month and I spend nothing, again not an issue.

I'm not sure I could cope in a marriage where I'm allowed to spend proportionally based on what I've earned! It's family money, and that's that.

Everything into one joint pot.

But we both have similar attitudes towards spending and saving - not a very extravagant lifestyle but happy to treat ourselves occasionally.
I can see how the joint account wouldn't work if there was one spender and one saver.

Another couple who share and have 'pocket money' I buy stupid amounts of mazagines and he still insists on buying CDs.
We have had all sorts of different wage combinations over the years. Currently I am a non working trailing spouse.

Same as others, everything goes into the joint account except a set (equal) amount we each keep in our own accounts for discretionary spending for ourselves. Joint account money pays for mortgage, bills, petrol, food, family outings, DC stuff etc.

We put everything together, pay everything, have equal 'pocket money' that we spend as we wish.

This, and he earns ten times what I do.

And we’re not even married

If you haven't done do already I think you should prioritise your pension pot. Then I think shared savings and individual spending accounts. Its lovely to have a birthday or Xmas present surprise.

Both me and my DH pay the same percentage of our wages in to the joint account and everything joint expenses comes out of there.

I'm very happy with the way we do it. It works for us.

Joint pot with separate spending money. I would very much NOT like there to ever be an inkling of "my wage pays the mortgage" or "I buy all the food and you just pay for childcare" type crap.

My dh earns 4x more than me, I work in a school and the wages are very low. All of my wages pay for food and kids clubs, clothing etc. I manage to save about £150 a month too. Savings generally pay off holidays, or boiler service etc. I also pay for all birthdays and Xmas out of my wages. Dh pays all household bills, and he saves money too.

Even though I work part-time, I put just as much towards my pension account as DH.

Everything goes into the current account, then we have shared savings.

I work part time (20 hours) we half everything I have a car, my dh half's with (he dsnt drive) and he half's with my insurance also and he pays for all the shopping and I will pick up bread, milk etc if we need it.

Everything in one pot that gets shared. We're a FAMILY. It's OUR money.

I really don’t see the problem with separate accounts as long as money is seen as family money, and also there has to be transparency. We go out and sometimes I use my card, sometimes DH Uses his, it’s never a case of that’s not “what I spend MY money on” to be honest I have no idea what my DH gets paid 😂I just know what he saves and that the bills get paid but I don’t “manage” his accounts nor does he manage mine. I could look at bank statements if I wanted but I don’t. I know we have no debts etc so I don’t need to.

We tend to pay all earnings into the joint account then transfer what's left after bills into our personal accounts equally.

We share everything and each spend what we want. We’re both aware of our means and stay within them. I would guess I probably spend a bit more on myself overall but I’m not one to blow the bank on clothes and makeup or anything really. To me the point of marriage is you are always on the same team and divvying up finances automatically puts you on different teams. No judgment for other people but I personally couldn’t handle that.

We put everything together, pay everything, have equal 'pocket money' that we spend as we wish.
Same here, weve been married 27 years and I went p/t when dc were born. Its family money, not his or mine.

One bank account (well one current account and we have one shared savings account too for longer term saving)

Everything in to that and everything out.
No discussion. No ‘can I buy this’ chats. No checking up or criticising. No questioning.

We have been like this from pretty much six months in so before we got married really.

25 years later it still works for us.

Have had time when I earned more and now he earns considerably more but I’ve had an inheritance which was a fair whack and that was shared too.

Never had one argument about money.

Everything goes in one pot. We don't have separate current accounts, only a joint one.

He gets his wages paid into the joint account and I get mine into my account 🤷🏼‍♀️

He spends as he likes out of the joint account and I keep an eye and just throw some extra over as and when it’s running low. He has no idea what goes in and out so long as the cash machine gives him money when he asks for it. I put some of my wages into savings (for both of us) and the rest I buy whatever else out of. Sounds complicated but it’s just the one pot system really. Neither of us ask for money, or permission to spend on small items. If we were going to drop more than a hundred or so quid on something we’d give each other a heads up.