Can only marred couples answer please.

[Richesme]

After my last posts about my husband wanting to go halves in paying bills rent etc when I start working full time, I’ve sat down with him and even though we had a disagreement about going halves, he eventually said, you can keep all your money to yourself and do your own spendings or savings from there.

He doesn’t believe that couples either put all their money in one pot or go halves in proportionate to their wages. His works in the bank therefore tells me that he has many customers come in to open joint accounts and they go halves.

I want to find out as married couples, how do you guys manage your money, bills, rent, mortgage, spendings, savings and investments?

We don't have joint accounts but don't do things 'separately' either. Psychologically it's one pot. He pays some bills, I pay others. If one person runs out one month, the other will send some over. Who pays when we go out or buy tickets is a bit random. It doesn't matter.
Savings are solo but designed to make best use of tax allowances.
We have been married 25 years so it's pretty pointless trying to separate stuff.

we do this too. DH has a very expensive hobby which he funds himself, and I have a more expensive car which I fund. Slight difference in earnings so we contribute proportionately to the joint fund and all stuff for the house/child is paid for form that.

Everything has always gone into one current account since we were married. All the savings and investments are joint. When I inherited some money it went in a joint savings account. All significant decisions are joint, but if he wants bits for his hobby- or I want something nice- we just get them.

Each transfer an equal amount into a joint account to cover all joint expenses

Exactly this.
Married for 41 years, joint account from day one. We both have our own credit cards to pay for each others presents and personal spending but they are paid for out of our joint account.

Right now? Wages go into individual accounts. DH is paying the mortgage and then saving as much as possible as he’s bankrolling most of our major home renovation. I’m picking up all the bills.

Before we moved here, wages went into separate accounts and we split the bills in half, kinda invoicing each other every month is the best way to put it. I’ve always made less than him but that’s never bothered me - to me, when you’re in a relationship, you split things equally. If I want more money, I should put things in practice to achieve that.

Married for over a decade. We have separate accounts. I'm the main earner though not by much.

I pay for: half the mortgage, insurance (life, building&contents, etc), monthly saving for the kids, car (pcp), council tax, weekly food shops, kids sports and music lessons, days out, holidays.

He pays for: half the mortgage, energy, car tax, small allowance for his daughter, top-up food shops.

On paper he should have more money left over than me, but I'm the only one with savings.

Everything into the joint account, bills are paid from there and then we use it for anything we want or need. We're like one person financially.

Wages into own account. Transfer to joint in proportion to our earnings. Crucially ensuring we have the exact same amount as disposable.

No joint accounts - I've learned my lesson the hard way !

Most of the bills are in my name (guess who does all the admin), & DH gives me more than half as he earns more.

Currently I am a SAHM and have 0 income. My husband pays for absolutely everything, we receive no benefits at all.
I have a credit card which I do all of my spending on, he pays it in full at then end of every month so I never have to ask for money.

When I'm able to work, we split things fairly, proportionate to income. His earning potential is 4X more than mine, so he will always have more money than me but in reality the money he makes goes into the family.

Salaries and monthly pension payment (DH has retired early and gets a pension payment but also has a part time job so has a small salary from that) is all paid into our main account. All bills, savings, housekeeping etc comes out of that account. We also each have a monthly amount which is paid into our own separate accounts for our individual monthly spending. DH’s part time job is our “fun” money so eating out, weekends away etc. House is paid off and in joint names.

DH and I have separate accounts but we have specific outgoings we each pay for - according to our earnings. He has always earned more than me and has therefore always paid a higher percentage of household bills like mortgage and utilities, whereas I take care of council tax, child related outgoings, Christmas savings, holidays etc. 50/50 wouldn't be fair - I don't earn enough but I make a major contribution to the household and family in other ways than financial (all cooking, cleaning, most child related stuff, gardening, ironing, weekly shop). We also have a joint savings account now. I prefer separate accounts because I find it easier to keep track of the bills which are my responsibility and then once they are taken care of I know whatever is left is spending money - if it was all together in one account I'd be worried about how much I could/couldn't spend after bills, it would get confusing - I might end up spending money he had ring fenced for something without realising it. Just easier this way.

We have a joint account and put the same amount in each month to cover bills and household spending. Otherwise separate accounts and completely separate finances.

We have separate accounts, always have done as never got round to sorting out a joint account.

But we are very free and easy with our money with each other. The mortgage and school fees come out of DH’s account. Most other bills come out of my account. I pay for all holidays. But DH will always ask if I need him to transfer me any money for a particularly expensive holiday. And I’d always transfer him money if he needs it to cover something.

When we were younger and didn’t earn as much, we always tried to make sure we paid equally for bills etc. But we’ve always earned broadly the same amount as both in professional careers.

We have separate bank accounts for our wages and always have done. We have a joint account which we both pay into for mortgage/bills etc. DH pays more into this but I cover the food shopping and some of the other bills so it works out fairly even. We have a joint savings account too which we both pay into for holidays etc. I tend to be in charge of the finances as I’m more organised!
It works for us.

Since we have been married both salaries and all spending and savings is joint. We see it as one pot. He earns about 25% more than me. We both decide what to do with our joint salaries. Nothing is separate unless we planned it together.

All money has always been joint. All inheritances (old so all our parents are dead) went into the joint account and became joint money. The only thing ever kept separate was birthday money when our parents were alive.

We have a joint account. Our wages go into it and we use this to pay bills etc.

i do have a separate account where benefits such as child benefit goes into which we use to pay for child related costs such as clubs, activities and school meals. We did this, so this money could be ring-fenced for our children and not spent on other stuff.

We both have separate saving accounts but again this money is used jointly to pay for big things like replacement car or new washing machine.

We see any money coming in as jointly ours to be used for the family. We will discuss if one of us want to use some money specifically for something such as on a hobby or a trip/activity with friends.

However Birthday money is seen as belonging to that person. So that’s the only money not shared.

I like having my own money in an account however we want to both have equal spending power. Husband out earns me by quite a bit so we both put an amount into a joint account which leaves us with equal personal money eg he puts in £4000, I put in £1000 and we each keep £1000.

My husband and I have been married for 13 years (married when we were 18). We have always had separate accounts, but we share the finances. For example, he earns £35k and I earn 33k per year.

He pays for our household bills (internet, council tax, water, mobiles, gas, electric) the mortgage and the majority of the monthly car payments.

I pay for “fun things” (holidays, spending money, savings) and food, fuel, clubs for our child, tv subscriptions etc.

We’ve always been really content with this and it works for us, but I appreciate this isn’t how everyone works it 😁

We married last year and have totally separate accounts, no joint account. Ideally we would have one but my DH earns far less than me and just wouldn't have anything to put into it.

All counted as one pot, add both wages together, all bills and food paid, some in savings then we decide what to do with the rest.
We have separate bank accounts but both know everything about each other's finances.
For example my wage pays house bills and food, my husbands wage covers the two cars, petrol, insurance, maintenance and a couple of other bills. His left over money goes into different savings pots, some in my bank, some in his, he pays for holidays snd spending money.
When you're married finances are pooled together, there have been times when I earned more and vice versa, we have both had time off with children at different stages.

We don’t have a joint account but we do have a very complicated spreadsheet! All income is considered as one pot, the money is allocated out and we get equal spends into our personal accounts so we get some privacy over our own discretionary spending. Bonuses are kept by the person who earned them, unless they’re a ‘family beneficial’ size in which case we’d probably have the person who earned it put some in their pension, keep some for a treat and use the rest for the good of the family (holiday, savings, work to the house etc).

Everything is joint - spending, saving investments and most of all - decisions. If something is in one of our names, that's because it's more tax efficient that way - it doesn't belong to that person. We used to have allocated fun money when things were tighter - we don't now because we don't need to.
Dh still manages cash flow - he moves the money around to ensure there's always cash in the current account.
I manage all the cash in our business, so I do a similar job there.
We never argue over money - if we want to buy something big, we discuss it - sometimes it gets bought, sometimes it doesn't.