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Finances as parents ?

2 replies

SASASI · 06/10/2014 22:54

Inspired by a thread on AIBU.
At moment DH & I share a joint account for all things household related ie mortgage, food, electricity etc. He puts in more than me because he is paid more than me. Extra is put in for unexpected expenses too as DH is so bad with money it's the only way I feel secure.
We gave our own accounts for running our cars, mobile bills & general personal expenditure.
Currently off on maternity on full pay & have savings for when SMP kicks in.
But I'm hoping to go back to work part time so not sure how it's best to pool our money then? I'm not sure I want us to share a bank account (because he us crap with money - I know the easiest solution is for him to change but easier says than done).
What does everyone else do?

OP posts:
Are your children’s vaccines up to date?
mustardtomango · 07/10/2014 10:04

We have a shared bank account like you, as well as personal accounts, and the only thing that changed after my maternity leave was that I manage that shared money (I've become a stay at home mum). Dh is not the best at recording /sticking closely to budgets, so I basically tell him what needs to go where at the start of the month and then log it as if shifts about and goes out in payments. I guess it helps that he likes that I keep an eye, and I know he finds it useful that I give him updates on how much is left for different things. We're saving for a house so both want to do it properly.

TheGirlAtTheRockShow · 07/10/2014 12:29

Ever since we bought our house we have had a joint account for household bills that I have always managed. Now I am on smp I still manage that, and tell DH what needs to go in there. Money is all shared, but we have a certainty amount of "spending" money we can do what we like with.
It works for us, DH admits he is rubbish with money so like that I manage it. I keep a spreadsheet and he can see that whenever he likes.
It needs to be a joint decision how you manage bills.

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