Second marriages/blended families - how does it work financially?

[Dodo76]

Interested to hear how others decide how other blended families share things financially. Did you both put all your assets in one pot and pay for everything equally, or does one pay for more? What did you decide to do with any assets from previous marriages, e.g. if one of you owned a house? Did you keep it or did it become a joint asset?

Sorry, that we meant to read "how other blended families share things financially."

Everything shared here.

Does that include all previously owned assets, Sllk? What if one person had nothing and the other had assets worth 500k. What then?

All assets in one pot. Having said that neither of us had much in way of assets at the time we got married. Since then though dh has gone on to be financially successful. I now contribute nothing financially but he sees the money as joint and everything is in joint names/accounts, because I guess if you plan to stay married, what's the difference?

The only thing he has never paid for is my children's education whereas he pays for his own dcs.

Everything shared. His ex wife got all their marital assets. He got all the marital debt and we pay that off with our joint funds. I don't like knowing I'm paying for handbags and holidays they couldn't afford but it's not forever.

Separate finances for us, always has been. Been together 7 years and have 2 children together. Partner pays his maintenance, the rent and council tax, whilst I pay the other bills and food shop etc...from my account. It probably works out that I'm paying more as I buy the children's clothes and treats as well but really don't mind as he has responsibilities which will soon dissappear (financially I mean, in terms of maintenance). Saying that, it's only how it works out, I'm the one that has the time to go out and shop for these things and don't bother asking for the money, same as if he goes out to do food shop on the odd occasion he uses his own money.

Yes dodo including previous assets. We didn't have much but he had a little bit of cash from his divorce which we put towards the house. I have a flat which I'm renting out with some equity which we'll sell at some point and pay off some mortgage with. Most of marriage had just his 3 dc but now have joint dac. All kids' expenses out of joint account. I guess if we're planning to stay together it really doesn't make much difference. However our situation is simpler as I don't have other children and neither of us had a lot really.

We have separate finances so each kept our existing assets when we married. But both pay a bit into a joint account each month where the bills come out of. (We both have DC but none joint)

At first we just paid some bills each but DH used to keep saying things like "well since I pay for the gas bill...." to the kids which really pissed me off. Better now that all the bills are jointly paid for.

DH had quite a bit of assets when I met him though and I think it's fair enough that he wants to preserve those for his own children essentially.

I owned a home when we first met and he and his son moved into the home my partner had a massive debt hanging over him from a previous marriage, over the years we have managed to succeed in a small business , he does all the manual work ( I help sometimes ) and I do all the office and house duties so money is both of ours all though he doesn't always see it like that , we kind of fell into the position were in today and I wish we had of had a better plan of how finances would work right from the beginning

We have separate pre-existing assets but share our income. I want to keep my assets for my own children.

We co-own our current home, our wages basically go into one pot and we jointly pay for everything except maintenance which DH alone pays. In reality the amount I contribute towards DSD exceeds his maintenance payments though so it's just splitting hairs. With four kids between us I just think it would be too complicated / time consuming to do anything else.

I think everyone's different. We are a "lop sided" blended family. He has 4 kids and I only have 1. We don't have kids together.

I have more assets, he has more income.

We have a joint bank account for bills which he puts 2/3, I put 1/3.

We both pay anything for own kids and for cars.

"Going out" and luxury money generally is split but with him paying the lions share.