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HELP - how do you split finances?

10 replies

shouldipayHIScsa · 26/02/2011 19:47

We have my 2 dc living with us through the week
We have dp dd at wkd.

We receive tax credits joint but in my account as i am the one with childcare costs

i receive CHB

i receive maintenance,

we need to pay dp ex maintenance

how do you split it?

or do you bung it in a joint pot?

what do you do re birthdays?

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notremotelyintofootie · 26/02/2011 20:27

We split the household costs, rent/council tax/gas/electric/food/car costs and pocket money for all kids including dsd etc but dp pays maintenance out if his money, I pay ds's expenses out out maintenance and his child benefit so things like shoes/clothes, school bits, dd is only 14 months so her bits are small but come out of child benefit etc...

Childcare for dd is out if tax credits (but we don't get childcare element as they dont class funded phd as a job..)

Birthdays and Xmas we spend same on all three and it's split equally, dsd doesnt get extra from dh and ds doesn't get extra from me...

shouldipayHIScsa · 26/02/2011 20:36

not - do you both work? if so.. who is main bread winner

OP posts:
prettyfly1 · 26/02/2011 21:07

Hiya

We both work and I pay for most things then take an allowance off dp, due to huge debts following his divorce. I expect him to pay for dss birthday, xmas and maintenance plus days out and I pay for our childrens stuff. I am the main breadwinner.

shouldipayHIScsa · 26/02/2011 21:12

pretty fly - so do you pay the bulk of the bills so he can pay of his debts?

do you have debts?

do you get DSS a gift, and he gets ur dc? or do you buy a joint gift?

OP posts:
zest01 · 26/02/2011 22:36

In our house it's all joint. DH used to be the breadwinner and I was sahm. His wages, my tax credits, chb and child support (from my ex) all went in together to pay the essentials, a set amount each month into savings for certains things (car expense, xmas/birthday present fund...etc) and what was left was split.

Now I am the breadwinner and the same applies. I pay support for his dc's as part of this, based on csa calculation as though my wages count (even though they don't, if that makes sense?).

Neither of us have debts, so that's not really an issue.

This works for us - we are equal in all ways, regardless of who earns and who cares for the kids. He is sahd and collects my dc's from school for example.

This works for us and I can't imagine it any other way

notremotelyintofootie · 26/02/2011 22:50

We both work and have pretty much the same income ( I'm a funded phd..). I also have debts from my first marriage that I pay myself

Drizzela · 27/02/2011 13:28

DP (with 1 DD who spends half her time her and I (with 1 DD who spends 2/3rds of her time here. Keep our money separate.

We split the rent and bills so I pay one third and he pays 2 3rds because he earns quite a bit more. But I receive bonuses so I pay for family holidays (including for hiss DD)

We feel this keeps things simple as I receive less maintenance than I should from my ex, and he gives his ex too much. If it all went in one pot I would resent my money being paid to his ex and he would resent (says he wouldnt but I would feel like he did) my ex not paying what he should.

We receive no benefits CTC WTC etc bar the obvious child benefit that everyone gets.

If one of us is short at the ned of the month or if one of us takes both girls out then naturally we pay for things out of our own pocket and there is no note kept or point scoring. We are geneorus with each other and never fight over money. Probably because we keep it seperate. I dont want his ex anywhere near my finances and I don't want my ex anywhere near DPs!!

Drizzela · 27/02/2011 13:30

Oh god! Sh!te typing... again.

Should read:

"DP (with 1 DD who spends half her time here) and I (with 1 DD who spend 2/3rds of her time here)"

Drizzela · 27/02/2011 13:32

Ooh and we split gifts, he pays half for my DD and I pay half for his. Their other parents do their own thing.

I buy all my DDs essentials and he pays for half of his DDs essentials along with her mum. This is another thing that would anoy me if we shared our money because I wouldnt want it being spent on things I beleive should be covered by the maintenance he gives his ex.

ladydeedy · 27/02/2011 17:57

All our money is joint. I am main breadwinner and have no children but we have my DH's younger son live with us and the other one lives with his mum. My DH is pretty much a SAHD but works on freelance basis. there is no maintenance changing hands but DH gets CB for younger son.
So in effect I pay for everything - mortgage, bills, holidays, kids clothes etc. I dont resent it though - as far as I concerned we are one unit and it doesnt matter whether money going in is mine or his. I am a relatively high earner though so money is not tight, otherwise I could easily see how I could resent it! In the past when both kids were living with their mum I was in effect paying DH's maintenance on occasion when he had no work.

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