Out of interest.. how do you manage your money together?

[Pomgirl]

Just starting a topic out of interest really as I know people manage their money in a relationship so differently and I find it intriguing
Me and partner live together. We have an every day spending account , both salaries go into it, card each. All bills out of here too. Then we have a savings. We earn the same hourly rate but he works alot more overtime (10-15 hours some weeks at time and half or even double if saturdays)

This really works for us an we trust each other , I spend more on clothes, he buys cigarettes so we both have our ‘treats’ haha

Others have commented they think we are mad and can’t buy ‘presents’ for each other but I don’t see this... to me a present is the thought/effort not the money. And we can squirral cash away for anything big lol!

What does everyone else do and how do you find it works

I run the household account and he contributes a certain amount every month. I pay all my money in, and everything goes out of this account apart from his own expenses (car, clothes, presents, etc) which come out of his own account. It works quite well.

We have separate current accounts which is where our salaries get paid into. (We also both have Monzo cards for day to day spending.) Separate savings accounts. We then have a joint account which is used for paying bills and the mortgage plus any joint expenses e.g. holidays. We contribute an equal amount to this every month.

Own bank accounts, credit cards and savings. Joint bills account which a percentage of salary goes into to cover bills plus a buffer which builds up for emergencies and fun spends. Holidays etc comes out of this account.

Salaries into the joint account and then £300 goes into our own accounts each month. Also savings go into separate accounts that I manage. Works for us

We do the same as you. All obey in one account, we also have a credit card each with comes out of that account. We’ve been married 30 years and there’s been about 20 of that where he’s earned much much more than me, we still shared all money.

I also am wondering if one person earns way more than another is it fair to have separate money and pay the same to bills ...
I really enjoy what we have being ‘ours’ and noone feels hard done by or that they have less

All in one account. He earns more, but I pick up more childcare around a part time job. We both have the same attitude towards money, neither are big spenders so this works for us. I manage the account and the bills and squirrel away what I can for savings each month. All savings are in my name for tax reasons, but I regularly tell him how much we have in there. It's been like this for about 5 years now since I had a period when I wasn't working at all.

Own bank accounts, he pays for rent and most bills incl car costs, I pay for food and public transport. I tend to buy DC's clothing.

If one of us is short we ask the other to sub us. We end up with about the same "disposable" cash, €20-70 pcm depending on how other costs have fluctuated.

We tend to do presents via amazon which goes through DH's credit card so not v secret :) But it works fine. We tend not to snoop esp if the other has said Please don't look at recent amazon orders.

@LizzieSiddal that’s a great achievement being together 30 years!
I think this will always work for us as he is likely to step up again in future to management (use to supervise before we relocated) and I will go PT with kids

Basics are:
Wages go into Joint Account for DDs and savings.
Joint Credit card for all monthly spending that's paid off every month out of joint account.

I have a very convoluted system involving 4 joint accounts and 4 joint credit cards. The only account we had separated was my ISA which is now empty as the interest is higher in our current account.

We would do a joint account if we could be arsed. This way seems to work fine.

Separate accounts where salaries are paid and separate savings accounts.

When I didn't work I paid for all food, my petrol, things for the dc, personal expenses, etc, put the receipts in a box and noted everything on a sheet of filofax accounting paper. He wrote me a cheque at the end of the month.

When I went back to work he wrote me a monthly housekeeping cheque.

Know roughly what each other earn and what retirement income will be but have always had our own money.

It helps that we have similar spending habits which are careful.

One pot. Both attempt to piss in it.

Both salaries paid into one account. Out of that we pay all household bills, stuff for kids etc and also a contribution to joint savings every month. The remainder is split in two equally and transferred to our current accounts where we use it for our own clothes, work lunches, going out, presents for each other etc out of that and it's up to us what proportion we spend vs put in individual savings.

We have been together for nearly 30 years. For most of them his earnings were 10 x mine and now 2 x but he has taken a step towards retirement. My income has always been my personal spends, dc's clothes and treats and savings and now I pay for my car.

Neither of us are the last of the big spenders and still gasp if I forget my packed lunch and get charged £6 for a sandwich and coffee. Certainly wouldn't spend £5 daily on two take away coffees.

We have a joint account for mortgage, childcare, bills, anything we do together (e.g. meals out, holidays). We also have separate accounts for personal money - we put the same amount each in and we use that for clothing, when we go out separately, presents, that kind of thing.

We earn similar amounts and are fortunate not to need to budget too tightly so it is fairly straightforward.

Seperate accounts, he pays some money every month for bills/food but not mortgage as house in my name ( he has his own property which we holiday in) We also put money, same each, every month for holiday home costs and flights . Works for us but we have similar earnings.

Joint account. Everything goes into it. Everything goes out of it. Easy.

We do have separate savings in each individual name but that is because ISAs have to be in a single name.

Our view is that as we are married and have kids if we decided to get divorced then all our assets would be put into one pot and then divided. So if we have to share when we don’t like each other then we should share when we do.

After 20 years together our presents to each other are generally practical anyway so we don’t worry about that. Occasionally one of us has said “don’t look at the credit card bill - your birthday present is on it” - so we don’t.

Also been together nearly 30 years. Married for 20+

From very early on - everything in and out of one joint account. This year is the first time we’ve earned about the same. There have been years when he has earned more, less or nothing and same for me.

The bills get paid, we spend what we want or need on ourselves and we manage to buy each other presents without any drama.

Can I ask anyone who does have separate money and pay the same for bills etc.. if you earn less are you resentful a little??

We're married with 2 toddlers. We both work but I work part time. We are paid into our own accounts and have agreed an amount each which is paid into the joint account where all of the bills come out of.
We each spend from our own accounts as we wish. Anything for the kids or both of us comes out of joint.

We have a joint account that we pay the same amount into each for bills and then we both have current accounts too. Salaries go into current accounts then we transfer the money into the joint.

My dh earns more than me but we pay the same amount. I don't mind because I still have enough money left after, and he pays for most of the meals out we have. He also pays for theatre tickets and other stuff more than I do so it all works out

Two joint accounts (so that either of us can move money across from one to the other).
DH has his salary (3times mine) into one and all bills/DDs/SOs paid from this. No other spends on this account.
My salary is paid into the other account. This is all our day to day spends - food, fuel, entertainment, clothing and holidays. When it runs low we transfer from the first account (there's always an excess).
One credit card in my name - my job is more precarious so we took out the ppi for that reason- with DH as an additional cardholder.

We have a joint account for bills and children’s expenses. We each put a certain amount in depending on our income. We earn roughly the same though dh is self employed so it varies from year to year, month to month, and I am part time for a few months as just came back from mat leave. So at the moment, he puts in about twice as much as I do, depending on the month.

Then we each have our own personal accounts that we use for our own expenses, cars, fuel, personal travel, everything else. Savings is joint as I don’t really feel the need for personal savings and it’s easier to pool it and invest it jointly.

I would hate totally sharing all our money in one account as I like having my own money and knowing how much is in there so I can plan ahead without having to discuss with him. But we’ve been married nearly 10 years and only just got a joint account last year! We’re both very used to just working out how much we each need to contribute and no one ever goes without. We have a very equitable relationship though and earn similar salaries, so very much on equal footing.

Joint savings and current account...everything goes in/out of the same account. I used to earn significantly more than DH but was recently made redundant so he is now main (only) earner. Makes no difference though...one team one pot regardless of the circumstances.