Do you and your husband/wife have seperate finances?

[fabeo]

My husband and I share all our money, we have two children and have been together for 10 years. We both feel this works for us, but I’m curious as to what other families do.

We did and would split spending money evenly, but then he stopped working so I pay for everything. I don't give him any fun money, he works here and there and keeps most of it.

We have no kids together, he has 3 adult kids and 2 grandkids, I have 3 kids that live with us 14,18 and 19. House was mine when we met. Together 10 years.

It's causing arguments.

Married with one DC. All money goes in one pot as such. Pay the bills and food shop. Save a bit. Spend the rest together and separately as we wish on hols, meals out, me seeing my mates, him seeing his. As long as everything gets paid and we can both do little things we want separately as well as the together/family stuff it works.

I bet it is!

Our finances are total chaos but essentially it’s all shared. 2 kids, been together 12 years. Not married but would have been if it weren’t for Covid.

Married 15 years - one small child.

Our finances are separate and we put a set amount each month into the joint account to cover household bills. We also have a joint savings account for large purchases like home improvements and holidays.

As long as we can cover our household contribution, our money is ours to spend as we please and we don't necessarily know each other's financial situation unless we share it. It works for us.

First husband - no kids completely separate finances, everything split equally.

Second husband - kid - everything is shared into one pot and we maximise pensions / allowances to be most tax efficient. Earning has gone up and down between us - with both being higher earner and both not earning at all during periods. Savings and fun money split equally. Long term savings / retirement seen as a joint pot even if in separate names.

Works for us because we have very similar priorities in life. For first husband did not have similar priorities (which also explains why is first husband!)

Completely separate finances. When we have bills, shopping etc, one of us pays and the other gives half back.

Works fine for us.

Just the two of us here, we earn more or less the same so each pay 50% of total bills into joint account. The rest of our money stays in our own bank accounts for us to do with what we please, though he tends to pay for any fun things we do together while I put what's leftover in my account at the end of the month into savings. It's worked well for us for 25 years, and we've tended to flex payments so if one of us has been earning more than the other, we adjust the percentage of money paid into the joint account accordingly.

Generally, we just try not to be a dick to each other about money.

Share all money but with an equal sum sent to our personal accounts to spend privately as we see fit.

Oh and transfer savings between us to ensure ISA allowances are used and pensions topped up etc each year.

Day to Day spending is from the same account.
We have a joint savings account and separate savings accounts each.

We treat all our money as one pot and don't keep tabs on who has spent what or owe each other. In practice it's split into lots of accounts (and in different countries) and we're quite bad at keeping track of it all. But we never argue over money and we're don't check with each other over financial decisions, we just trust each other to be sensible and it works for us.

We're married and have always earned similar amounts, we have a joint bills account and credit card which we pay half of each and then the rest of our money is completely separate. Looking back, I don't think how we handled my maternity leave was completely fair to me, but we're doing ok now.

I do wonder how we will handle things when we're older as we're both a bit funny about money in different ways. We should both have decent pensions, but he's probably going to get a good inheritance and I don't know how we'll navigate that.

Married. Finances kept separate. Husband pays a set amount of money into my account at the beginning of the month to contribute towards rent, bills etc. I wouldn't want a joint "pot" at any point. I would say I am better placed when it comes to managing money.

My previous husband was financially abusing me. We had good wages but it seemed to go missing ( lots of cash taken out). He would say it was for lunches etc. ( he was hoarding for the other woman)
I ended up pawning stuff to buy food.

the current Mr Fart and I have separate accounts but we know each other’s passwords etc. We both have savings . When we buy something ( eg new windows) we put the same into the bill. I pay for all the household bills ( no mortgage now) which comes to about £500 a month. He pays for his phone, car and caravan insurance etc and food. He also pays for some diesel and we take it in turns when going for meals out.

we talk about getting joint accounts but we are happy …. And nearly 30 yrs married it seems to work.

DH is a high earner. We’ve been married 30 years and have one DS(13). Everything is joint, except some savings for tax purposes. He even contributes to my private pension. I earn way less than he does.

Yes all income goes into our own accounts then we split bills according to income (which is v similar to each other). ‘Bills’ for us includes weekly food shop, nursery fees, pets etc as well. So anything left is ours to have. I can’t imagine having my income going into a joint account!

We’ve been together since 1988 and we opened a joint savings account for the wedding and mortgage, since we had the mortgage we’ve had a joint account that we both pay half the total household bill amount into, we have a savings account for holidays, but after that we have totally separate finances.

Divorcing now. But yes always separate even when we were happy because he is appalling with money and was literally bankrupt. Back in shedloads of debt again now so didn’t learn.

Sharing finances would be absolutely catastrophic for me. It only works if both can be trusted with money.

We don’t but we were investing before we even met. We have the Mother of all spreadsheets and quite complicated finances. Throughout the years our money has been made to work for us as well as possible.When you are fiddling about on the stock market daily you don’t have time to ask or discuss. We had one bad year many years ago investing. We do not do high risk stuff now as we are older. There were adjustments made between us over the years again quite complicated, but we enjoy it.

Totally separate. I am much more astute when it comes to money .

We initially planned to have joint finances but we never got around to setting up a joint account.

We have our own jobs and our own accounts but we've divided up the bills so that we have roughly equal "fun" money left over.

Totally combined.

Joint current account and separate savings.

This exactly (except three DC).

One of my all time favourite quotations:

“If you can’t trust someone with your money, don’t trust them with your heart.”

The restrictions were over years ago. Why have you not married since?

With the vulnerabilities that pregnancies, maternity leave and childcare usually bring, I hope you haven't left yourself vulnerable financially without the legal securities marriage provides. Very few women with children are better off staying unmarried.

Edited to answer the OP. We are married with joint accounts and all finances shared. I have equal say in spending despite DH having earned at least 90% of our income.