How do your organise your household finances?

[Pickle24]

Hi there,

How do you split your house hold finances?

Basically i dont work but my husband works and we are trying to work out how much he pays me and how he pays me on a monthly basis. EG what do i pay for?? Shopping etc...

I dont have a bank account because i dont like banks and prefer to deal in cash.

But my husbank is not great at giving me the cash every month. So it leads to embarassing situations when i dont have cash on me for something i didnt know would arrise and its difficult for me to keep control and take charge of paying for any bills that might come up.

He wont give me a card for his bank account though because he likes to stay in control.

How do you all do it?
thanks
Kerry

Why don't you like banks?

TBH I wouldn't recommend using cash for everything. We were burgled a few years ago and lost over a thousand pounds in cash which wasn't covered under the house insurance policy. If you lose cash when out and about, you're stuffed, but a bank card can easily be replaced.

Why not work out what you need to cover food,k bills (if you pay them), children's activities, a little rainy day money and whatever you need for your personal expenditure, and have him transfer that into your bank account each month?

Get a joint account.

Marriage is a partnership.

I just prefer to use cash so I know where I am. However it's just not working at the moment so I think a joint account is the way to go too.

You can still work with cash if you like - it will just be that you will be drawing out the agreed cash amount each week yourself without having to ask your DH for it.

It is the having to ask for the money which is the problem - I wouldn't like to have to do that. Epecially if you are a SAHM.

we have a joint account, all his wages and the child benefit and tax credits, any money I may earn (not often!) all goes into the pot

we then buy things out of the joint money :)

I couldn't be asking him for money each week as I don't seem to live in the 1950s

DHOA is right, you can have a bank account and still work in cash. If you've had trouble with banks before maybe go for a basic account with no overdraft facility, just cash card :)

direct debit all bill which comes out of one account

open another account - direct debit the amount you would need for groceries and whatever else you buy.

YOU have a card for that account. If you choose to take all the cash out then fine - your choice, but at least you would know where you are.

Why does he need to stay in control, and why is he not good at giving you money?