Family Money

We have had combined bank account since 2003 (been together 3 years by then).
I havent worked for the last 2 1/2 years, but do get family assistance. It all goes into one account. I pay the morgate and all the bills. I always have. DH wouldnt have a clue what needs paying when. DH doesnt ever spend anything on himself tho, doesnt even by his lunch or anything.

DP wastes heaps, pack of taily ciggerettes a day, so 7 a week! thats like $75. He buys lunch everyday, morning tea and lunch so at least $20. He buys 2x Vs on the way to work so $5-6 dollars..

We only have one income in our house and one bank account.

DH gets spending money .. and I look after paying the bills etc.

edited so I could add the quote so can see what im talking about, cos heaps of posts since the post I was commenting on

Edited by Kellz

I earn over double what DH does but it all goes into the same account and I pay all the bills (because he doesn't know how to use Internet banking!). We both usually buy lunch (he is better at taking his than I am).

Sometimes I get a bit p*ssed that I have to sacrifice so much of my salary to bills etc (as I used to spend spend spend!) but its all towards the same common goals.

I also cost more to "run", ie hair cuts, nicer clothes for work etc. It swings in roundabouts I guess.

We have a loose budget but are rubbish at sticking to it.

Do u mean you pay your share of every bill, like half of the phone, and half rent, foos shopping etc? Thats what BIL and his gf do and we think its odd since they been togtehr 5 years. No offence intended if thats how it works for you, we just couldnt be bothered having to divide up everything!

Kellz wrote: Do u mean you pay your share of every bill, like half of the phone, and half rent, foos shopping etc? Thats what BIL and his gf do and we think its odd since they been togtehr 5 years. No offence intended if thats how it works for you, we just couldnt be bothered having to divide up everything!

Thats how we are doing it, except alot of the time i jut buy the stuff, or pay the bill. I hate it, i hate having to make him pay his half. He complains alot about having no money too.

We have a joint account and it's "our" money, even though he's the only one earning, it's not his and mine. We have a strict budget (well, if I stick to it!) that gives us both $50 spending money a week, and we have limits for all other spending eg groceries and petrol. I have been doing a bit of contract work and when that comes in I tend to buy myself a few things that I've been putting off (e.g. clothes) and we have a more relaxed week with the budget, but the rest goes to keep our budget on track. All our bills are on AP. DH monitors the money and sends me email updates each week which I don't always like but know I need them to keep me on track!

MrsMojo wrote: We've had joint finances for the past 11 years (we'd been together nearly 1 year when we combined our finances). We calculate our income as a total amount, not what I earn vs. what he earns.  We both contribute to each others success in all facets of life and we share household chores and parenting responsibilities so it makes sense to share our income too (if either of us had to go it alone we'd be stuffed). We both get the same amount of spending money.  I am the treasurer and therefore manage our joint finances but we make joint decisions on household purchases.

I wish ours could be like that! It would be soooo good!

We have a joint account and it's all our money. However every pay day I split it up into different accounts that I have made. DH and I get an equal "allowance" each pay day ($70 ea per fortnight) and that's our money to do what we please with it.