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SAHP

SAHPs in relationships - how do you work out money?

52 replies

AmelieBear · 13/05/2022 20:00

So I’m pregnant and about to lose my job unexpectedly (long story on another thread but don’t worry I’m seeking legal advice). In the meantime me and my partner are discussing how it might work me taking time off between now and when the baby is a year old. We’re wondering what the best way is to deal with our finances specifically the money I would get. I’ve never not had my own money before. Do you get an allowance l? If so how much is needed? Any other suggestions?

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speakout · 30/05/2022 08:45

Joint accounts here also- both have total freedom to spend as we see fit.

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HappyAsASandboy · 30/05/2022 08:49

We have a joint account where all money received (salaries, major gifts, inheritance etc).

All expenditure comes out of there (in theory). I feel anxious about spending too much on "frivolous shite", so a standing order sends a set amount to my HyperJar account that I know I can spend on anything without impacting family finances. I decided on that approach though, and I decided how much goes to HyperJar too, so it is absolutely not "pocket money" - it is access to joint money that I have ringfenced for my "don't sweat it" spends.

If you're not working because you're raising his child, then his money = your money. Either via a joint account, or by splitting it 50/50 on payday and then splitting all house/child costs 50/50 too. There are pro/cons to either of these approaches, but as long as all money is joint somehow then it is fair.

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