Accounts joint / separate
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Topic: Accounts joint / separate
Posted By: jazzy
Subject: Accounts joint / separate
Date Posted: 07 June 2010 at 11:09am
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I was just reading in another thread peoples opinions & views on how they have their bank accounts.
For me we have 2 joint accounts, 1 I pay the bills & everyday stuff & the other is for savings & holidays. DH is the wage earner since I got made redundant 2 yrs ago & plan on not going to work till DS3 is in school next yr. We changed from our own accounts to a joint account when we were living together. DH left his job to study so I supported us then & he did when ever I was on mat leave. DH has no idea of what happens with the money as I pay all the bills & if he wants a big $$ item he lets me know so I budget it in. I don't have to ask to get stuff for me & the kids & I buy for him. He said to me a couple of weeks ago that I should get my own account so I have my own money to do with what I but I don't see the point. DH does not know that I have bonus bonds under my name & that is the xmas fund, last yr we had our own ones & cashed them together & he gave me his money, lol. I guess it depends on your relationship & what each had prior. |
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Posted By: Flutterby
Date Posted: 07 June 2010 at 11:15am
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DP and I share our money though we have seperate accounts. His pay (when he eventually gets it) goes towards the mortgage, bills and all the APs he has set up, and for his smokes and beer. We use WFF for groceries and I use my megar pay for things that DS and I need and for any extra special groceries we want or need. ------------- http://lilypie.com">  http://lilypie.com">
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Posted By: RedHeadDuck
Date Posted: 07 June 2010 at 11:33am
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Everything of ours is joint.
I lost my job as I was covering maternity leave, then I got pregnant so no-one would hire me (I was honest and would tell them, stupid, stupid!!!) We were going to do the joint names before we got married, but its such a hassle with DH's work to get into the bank, we just waited until we got married and 2 days later we went in together and changed to Mr and Mrs.... We are both quite aware of our finances (or lack of as it may be lol) and I can just go shopping without having to tell him. If I do need to buy something for myself, I tell him but he doesn't really ever say no, as I don't often buy for myself, so when I do it obviously means I need it... We have AP's set up for bills, and do grocerys together usually (unless I'm shooting in for bread/milk whatever) |
Posted By: freckle
Date Posted: 07 June 2010 at 11:40am
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We share money, and have joint accounts... we have done so since well before I left work. Having his/her money doesn't feel right to me, I mean it's suppose to be a partnership. In general I manage our money, paying the bills and buying groceries, kids stuff and anything we need at home... We pay ourselves spending money so any entertainment type stuff has to come outta that... if we were gonna buy something big we'd definitely have to discuss it .... ------------- mum to 3 lovely girls :D |
Posted By: caliandjack
Date Posted: 07 June 2010 at 11:42am
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We have a joint account for the house and the bills and we each have a set amount going from our wages into that account.
The rest goes into separate accounts for our own spending. The joint account covers everything except food and petrol. ------------- http://lilypie.com" rel="nofollow">   [/url] Angel June 2012 |
Posted By: kebakat
Date Posted: 07 June 2010 at 11:45am
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Joint accounts as soon as we got back from honeymoon. We use total money with bnz which means we can have up to 10 accounts. When I'm budgeting properly we have a general acc which pays bills, savings, one for daniels things (clothes, toys, whatever he might need) and we had our own seperate ones for our sanity money, though we both had access to it.
I manage the money, DH doesn't even know when bills are due and I don't remember the last time he paid any that aren't automatic. |
Posted By: Peanut
Date Posted: 07 June 2010 at 12:00pm
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We have separate accounts and then transfer a portion of our pay into a joint account that pays for everything house and child related.
Our separate accounts are for our own sanity money - neither of us then know what the others is spending etc so we can pay presents etc for each other. We also have a savings account and a kids account (all the money I make selling their stuff on TM). -------------  
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Posted By: kiwisj
Date Posted: 07 June 2010 at 12:02pm
We have a joint account, I can't open my own account over here  Not that it matters right now as I'm not working regularly and get paid in cash anyway but it pees me off that it's not my choice 
So, DH's pay goes in and he takes out what cash he needs whenever he needs it and I do the same. We share paying the bills (whoever has the time/inclination) and discuss big purchases and holidays etc but otherwise we have our own cards linked to the same accounts so just do what we need to. DH very rarely questions what I've spent money on unless it's a big amount that he isn't sure about at the end of the month. ------------- SJ Callum - Dec 2008 Daniel - Oct 2010 |
Posted By: emz
Date Posted: 07 June 2010 at 12:12pm
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We have a joint account, and we can open as many diff accounts as we want within that, that we can both access. Both pays go into the same account that all the bills come out of, then we get our own spending and petrol money going into our personal accounts (well still joint but attached to our eftpos cards separately) as we have different needs for petrol (ie DH gets almost twice as much as I do as he works a lot further away).
I don't see why you wouldn't have a joint account when you have kids - if you can create a life together, you can pool your money too 
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Posted By: jazzy
Date Posted: 07 June 2010 at 12:49pm
| I must ring the bank to see how many accounts I can have (kiwi bank) as I want a separate on for holidays & I want the kids to have their own also |
Posted By: High9
Date Posted: 07 June 2010 at 12:52pm
We have separate accounts and don't share money at all...  ------------- http://lilypie.com"> 
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Posted By: Chickaboo
Date Posted: 07 June 2010 at 12:54pm
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we have joint account and get paid an 'allowance' into our own accounts.- which we can just spend on ourselves not clothing etc... We have an account for each of the kids and a savings, bills and everyday (I also have other accounts for things I want to save up for eg: doing the bathroom)
I handle all the money and pay all the bills from those accounts and really DH has no idea how much is in each - if he wanted to know he can know though. It works well for us ------------- http://lilypie.com">  
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Posted By: Guests
Date Posted: 07 June 2010 at 1:01pm
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All of our finances are joint. We have 4 accounts. One for every day use, a savings, mortgage and a seperate bills account. DD has her own account I haven't gotten roud to doing DS one yet.
I think we've had joint accounts since we got together pretty much. I pay all the bills and manage the money. Dh has no idea really and I have free reign 
Jazzy, we're with Kiwibank and you can have as many account as you need I think. |
Posted By: Bizzy
Date Posted: 07 June 2010 at 1:26pm
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i dont work and all money we get goes into one account and i manage the money... i guess its just part of my job. we set up a joint account when we moved in together and while i was earning my own money we also had separate accounts.
in fact i just recently got rid of my old visa account i have had since i had my first job - but only because it was part of the terms of our mortgage... ------------- http://www.myfitnesspal.com/weight-loss-ticker"> 
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Posted By: SMoody
Date Posted: 07 June 2010 at 2:07pm
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We have a joint account. Grant is the only one getting a paid salary. From there I have an seperate account and all the grocery money goes in there. Bills get paid out of the joint account. Hubby has his own account and all his hobby money goes in there.
Then he has a credit card but I have a card linked to his. We use that and then just pay it back as soon as we get home. Then we have several savings accounts for different things. Each kid has one. One for extra bills (like wof and all that) then we got for actual savings, holiday one and house cost one. We dont really ask for permission as we sit down every 3 months and redo or revise the budget. So we know what is coming in and how it is going out. Any big things is talked about well in advance and planned. Hubby will call me before buying any thing big if it wasnt planned (but that he never really had to do as it was planned.) Same with me. He is actually trying to get me to spent money on myself instead of the house or kids. ------------- http://lilypie.com"> 
http://lilypie.com"> 
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Posted By: tishy
Date Posted: 07 June 2010 at 2:24pm
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Joint account and credit card. We get weekly money transferred to separate accounts.
Expenditures are discussed and we never have to 'ask permission' to buy something unless it's big $$$. Prior to kids I was the breadwinner while DH experimented with different jobs. He knew he'd have to be the main earner when kids came along. Luckily he found his perfect job just before the girls arrived
the way I see it is that we're committed to our relationship and family for life, and personally I would see separate finances as partially holding back. Just because DH is the main earner doesn't mean I'm more dependent on him than him on me. |
Posted By: Delli
Date Posted: 07 June 2010 at 2:28pm
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Joint accounts here too. We are both usually very aware of how much we have and discuss big things before we buy them but don't need to discuss things like clothes and basic bills etc. Both pay the bills and spend the money. We both trust each other completely with the finances. ------------- http://lilypie.com"> 
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Posted By: Daizy
Date Posted: 07 June 2010 at 2:42pm
We have a joint account too, I am the one that knows whats going on so that makes me in charge of the money  .
Its 'our' money, I figure we work as a team and I look after his children so he can go out and earn the money.. I guess I figure somewhere in there he is paying me for childcare. I think DH trusts me with the money more than himself. I really hate spending money, especially on things we don't need. We don't get our own pocket money. Maybe if we had spare money at the end of each week we would halve it but we don't. If we had pocket money I would probably end up just spending it on the girls if I needed to or not spend it at all, where DH would probably go crazy on things he definitely doesn't need. I would rather we save that money together to buy the things we really need/want. I think we do pretty well with the whole budgeting thing, I dont stick to a specific plan, I just spend only what I need. We had a budget once and we just ended up spending more than we needed to because we hadn't reached our weekly allowance. Because we are able to be reasonably tight with our finances we do often end up with quite a bit in savings which means if we wan't a wee treat every now and then we can (and we don't have to tell each other - although we usually feel quilty and do tell )------------- 
 
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Posted By: HuntersMama
Date Posted: 07 June 2010 at 3:28pm
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We only have joint accounts. When I was working full time we pretty much earnt the same and now Im not working, so DH is earning the money. I sort out all the bills etc, I dont think he knows how much $ we have or even what our mortgage payments are ------------- http://lilypie.com"> 
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Posted By: High9
Date Posted: 07 June 2010 at 3:47pm
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I can expand on my above post now as more time!
We don't have joint accounts and don't share our money. We both feel bad asking the other for money that we haven't earned iygwim. TBH I wouldn't trust dp with a joint account as he got himself a small debt all on his own doing and if there is money in his account he will find something/anything to spend it on! He's horrible with money! If we get married we will look into getting a joint account then probably, but we would just transfer money for bills etc into it rather than having our incomes go in. ------------- http://lilypie.com">
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Posted By: Nutella
Date Posted: 07 June 2010 at 3:58pm
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We have joint accounts and opened one together when we moved in..at the time we still had seperate accounts but now we just have the joint ones...lucky for me since I am not earning anything lol.
I am in charge of the finances since I am at home and it suits us both...we don't really worry too much about talking about what we are spending money on except big purchases but sometimes I feel a little naughty when I spend money on crafts haha. We are trying to save very hard for a house so it works for us to see the savings account getting bigger by the month! ------------- 
 Oct 11
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Posted By: fire_engine
Date Posted: 07 June 2010 at 4:03pm
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Joint accounts. DH manages all the money cos that's just how we do it!
We have a weekly budget that all comes out of the joint account with our own spending money, household (house/Daniel related stuff), groceries and petrol. ------------- Mum to two wee boys |
Posted By: Emmecat
Date Posted: 07 June 2010 at 4:10pm
lol isn't it amazing how many of us manage the money?  DF is the same...if I left it up to him to pay the bills we'd have a fridge full of beer and no electricity to keep it cold . I"m mega frugal cos we need to be...but then it means we can go out once a fortnight/month for brunch etc and enjoy ourselves if we don't waste $$ on other crap we don't need. -------------   http://lilypie.com" rel="nofollow"> 
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Posted By: freckle
Date Posted: 07 June 2010 at 5:01pm
I would LOVE it if DF would manage the money, it's stressful ------------- mum to 3 lovely girls :D |
Flissty wrote:Posted By: caliandjack
Date Posted: 07 June 2010 at 5:17pm
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We manage our money together, spend some on ourselves and some together.
We even have the bills separate atm - I pay the power and DH pays the phone - we had it that way when I was 'flatting' with Dh and getting student allowance didn't bother to change once we moved into our own home. ------------- http://lilypie.com" rel="nofollow"> [/url] Angel June 2012 |
Posted By: AzzaNZ
Date Posted: 07 June 2010 at 7:39pm
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Joint accounts and we share our money. I manage our finances because he is forgetful.
He has complete access to see what is going on but usually finds it easier to just call me and ask if our accounts are looking ok enough for him to buy xyz ------------- http://lilypie.com"> 
http://lilypie.com"> 
http://intermittentblogger.wordpress.com |
Posted By: _H_
Date Posted: 07 June 2010 at 7:55pm
| we have a joint account (the house account) and our own each. our pay goes into our own account and then x account goes into the joint account to pay the bills. DP has access to our account but doesnt use it- he doesnt even want a EFTPOS card! it might change when we have kids and DP is the main earner |
Posted By: myfullhouse
Date Posted: 07 June 2010 at 8:25pm
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We have had joint accounts since we decided to buy a house and live together which was about 8yrs ago now. Before that I was at Uni and living at home, DH was flatting, we had separate accounts but whoever had money paid
I manage the money, DH doesn't really want to. I don't really enjoy doing it but someone has to I suppose, I am OK at it, never got us in trouble.... yet! We have a Chq and 2 Savings accounts plus credit card, all of which we both have access to. We don't have any left over money for "allowances" but we do occasionally buy ourselves little treats. DH is the main earner with me bringing in a token amount but I have never felt the need to ask him for money, I buy what I want/need for me, us or the kids. The way I see it is that we share everything - love,bodies, kids, house, mortgage - why not share our money ------------- Lindsey 
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Posted By: fallen
Date Posted: 07 June 2010 at 9:06pm
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Separate accounts. I pay for APs and childcare. DF pays for groceries, petrol and other irregular bills. ------------- |
Posted By: AandCsmum
Date Posted: 07 June 2010 at 9:59pm
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Interesting discussing.
I manage the money in our house, all joint although I've got a Bank direct account floating around which I must close. I guess I manage it because that's the type of work I used to do. Plus DH sucks with money as well. He does have his business accounts & I would love to steal his card off him & hide it, I can't because he needs it for work related stuff. Yah don't want to know how many accounts we've got! I've also got a joint one with A. I should get one with C but you know that second child thing
I do have one strict thing that happens each time DH gets paid. A certain amount goes in his savings for Tax & GST & one to our bill account. I just paid for good tyres on my car & I didn't have to worry about finding the money. ------------- Kel http://lilypie.com"> 
A = 01.02.04 & C = 16.01.09 & G = 30.03.12 |
Posted By: fattartsrock
Date Posted: 07 June 2010 at 10:09pm
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Our accountatn manages the hard stuff lol, but we have a household account (which is actually in DH's name..) which pays all th ebills and it also pays me weekly into my own acoc**t (cos I like to feel "independant) so "I" pay groceries, sports fees, clothing etc etc... but really "I" don't..however it is all "our" money because DH works to support us for us together, so he (and the accountant and his office lady) pays the bills and I look after the kids and house etc.
We don't do the "ask permission to go out/spend money/be an individual" because I think its somewhat emasculating to men to be so under the thumb and I just couldn't allow myself to be treated in the same way. We are both adults who love and trust each other and the decisions we both make, together and individually. We are a team, but we also respect that we are both individuals. ------------- The Honest Un PC Parent of 2, usually stuck in the naughty corner! :P |
Posted By: GuestGuest
Date Posted: 07 June 2010 at 10:10pm
| Joint because we have a revolving credit mortgage so both our salaries go straight onto the mortgage, all our expenses go on the credit card, then we pay the credit card off in full every month. Saves heaps on interest and means we are paying our mortgage off a lot faster. We have a strict monthly budget which we both agree on and stick to that. It doesn't mean that we don't spend money, it just means we don't waste it on frivolous things because our goal is to get rid of the mortgage asap. It helps that we're both good with money, it wouldn't work otherwise! |
Posted By: blossombaby
Date Posted: 07 June 2010 at 10:12pm
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me and dp ave had joint money after being together for about a year. 3 years later and it seems to be working for us.
we have an account both our pays go into, rent comes out off that and then a set amount each week goes into our other account which pays phone, power, food and our one hp. what evers left in main account at end of week gets put into savings. i pay bills dp would never get round to it if i gave him the chance!!!! we usally let each other know about purchases eg i say im buying new jeans today haha but more often then not we just buy and tell each other about it later on that day/night (anything bigbig (car, tv, new tyres etc) we let each other know about before paying.altho once dp did come home with a new car he will never do that again!!
it seems to us when u are in a relationship 'whats mine is yours whats yours is mine type thing' |
Posted By: Richie
Date Posted: 07 June 2010 at 10:25pm
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DF and I currently have separate accounts but we are going to be getting a joint account soon. It makes sense cause I only get my WFF payments and a little bit from WINZ but it's not enough to pay for my share of the rent + my insurance + my cell bill so DF always ends up having to transfer money into my account anyway to cover those things. Makes more sense for us to have joint account cause there is no point us both paying bank fees and DF paying a fee every time he transfers $$ to my account. He pays for everything anyway, and I have access to his internet banking (I pay all the bills from his account when they come in).
Will be sorting it out within the next few weeks. He has just got a credit card but that is going to stay under his name only. I'd be a nightmare if I had access to that! Once I eventually return to work, we will then set up separate accounts as well so we have 'our' money for household things ie power, food, other bills as well as our own money just for things like clothes etc. -------------  
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Posted By: clover
Date Posted: 08 June 2010 at 8:31am
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Everything joint and I handle all the money, he wouldn't have a clue how much we have or what we spend it on! ------------- http://lilypie.com"> 
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Posted By: jazzy
Date Posted: 08 June 2010 at 8:36am
What happens when you are down to 1 wage? |
Posted By: Babe
Date Posted: 08 June 2010 at 9:26am
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I hate the idea of seperate accounts and would never agree to doing that again. DP was totally keen on having joint accounts from the start TG and I manage them coz I think its fun. DP has full access but finds it easier just to ask me whats available to spend. We're in the middle of moving our accounts over to BNZ which'll mean we can have our own accounts for things like presents. ATM we have a bill account and thats pretty much it. We've been going nuts getting debt-free the last year so no other accounts have been necessary. -------------   
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Posted By: caliandjack
Date Posted: 08 June 2010 at 9:51am
I don't think being on one wage is going to last for too long - the situation we'll be in will mean we spend less on petrol and I plan to find an extra source of income, so at least I have money for coffee etc. ------------- http://lilypie.com" rel="nofollow"> [/url] Angel June 2012 |
Posted By: MamaT
Date Posted: 08 June 2010 at 9:58am
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At the moment we have seperate accounts but we transfer all of DH money into my account where I pay all the bills etc etc. We stuck with seperate accounts as DH was studying and didn't have to pay any fees and TBH we just have never got round to closing his account and signing him on to mine, although we do plan to. We have an account for DS under my account too. We always discuss what we are purchasing and make decisions on what we buy together, not that we make purchases very often anymore. I don't think DH would have any idea how to pay bills -------------  
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Posted By: MrsH23
Date Posted: 08 June 2010 at 9:59am
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We had separate accounts and a joint account when we moved in together, we would both put the same $ into the joint account and use that to pay for rent and food etc. We would both pay our own loans and we could spend the $ on whatever we wanted.
When I stopped working I closed my accounts and we combined our loans, I usually pay the bills and we normally discuss spending larger amounts of $, but if I'm out and there is something needed for DS or I then I'll normally just buy it from our Joint account and tell DH later (if I remember lol). We're bad and don't really have any savings yet, and the savings we do have (from selling my car) we are currently having to spend some of as DH doesn't have alot of work on at the moment. But once we're in aussie and have paid off our loan we'll be saving regularly. ------------- Lisa mummy to Ryan http://www.alterna-tickers.com"> 
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Posted By: MamaT
Date Posted: 08 June 2010 at 10:00am
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DH's parents have seperate accounts. He earns a really good wage and his money goes on all the bills, mortgage, groceries etc etc. Her money is for her own spending and birthday and xmas pressies etc. I find that really weird and just couldn't live like that -------------
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Posted By: caliandjack
Date Posted: 08 June 2010 at 10:07am
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I don't have a lot of savings either, as I'm paying off a personal loan first and putting any extra $$ on the mortgage the return is better. ------------- http://lilypie.com" rel="nofollow"> [/url] Angel June 2012 |
Posted By: minik8e
Date Posted: 08 June 2010 at 10:10am
| We have joint accounts, and have done since we bought our house (we had been together for 5 months when we bought it). Before that though, I managed DH's money as well. Now, I manage all the finances, pay the bills etc. DH has no idea how much is in any of our accounts, and he doesn't really care, he just asks me if there's enough money for X and I say yes or no. We have it worked though, so my student loan, accomm supplement and wages go into the mortgage account and pay that (with a top up from WFF if I've not had a lot of hours at work, or if I've worked a lot of hours, the excess goes into the savings account), and DH's wages pay the bills/groceries etc. So we have a few accounts - insurance a/c, everyday a/c, mortgage a/c, savings a/c and DH has a credit card with a small limit (which I have, or he would use it all the time). |
Posted By: HoneybunsMa
Date Posted: 08 June 2010 at 11:44am
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I have 2 accounts DP has one oh actually we have a savings account each ontop of this.
my everyday account was where my wages went into, then I have another account that DP transfers bill and rent money into. When I was working DP paid bills and his gas, I paid my petrol and food, and any spending money we had. I found this abit annoying as I always felt like he was spending "my money" We only changed it to this after we went away one week and I didn't get paid holiday pay as didn't qualify at the time before that we paid half and half, well I paid about $25 less as I earnt less and had unsteady hours. Now I get nothing into my account as we stopped WFF weekly payments. DP still transfers money so that we can pay our storage otherwise we just swap cards when I have a little bit in my account he may need, or I take his and spend it all lol. He's generally fine with what I spend. Although he did tell me that I was meant to take control of the accounts so that I can manage the money and get us out of debt. ------------- http://www.myfitnesspal.com/weight-loss-ticker"> 
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Posted By: GuestGuest
Date Posted: 08 June 2010 at 12:02pm
| I am amazed at how many of your husbands know nothing about the household finances!!!!! |
Posted By: minik8e
Date Posted: 08 June 2010 at 12:09pm
| LOL Little Red....my DH may know nothing about the household finances, but by the same token, he never knew anything about his own finances when he was on his own either!! Except when his eftpos card declined - then he knew he had no money. |
Posted By: ALittleLoopy
Date Posted: 08 June 2010 at 12:19pm
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DH earns and i dont so he handles our finances, i find it easier not knowing how little there is left lol...its just a little less stress for me lol
We have 2 joint savers but our accounts are technically seperate and even our credit card is only in DH;s name but thats more because we havent bothered to go into banks to change it around lol Dh has a kiwi that he gets paid into and pays the bills from and i have a bnz that is also linked to one joint saver. We always shop together and if we dont for some reason hell transfer some moneys onto the bnz card with my name on it or chuck me his credit....its no bigger to have "separate" accounts but i will agree that we need to get our butts into gear and merge our accounts so we both have cards to each...just cant really be arsed with all the crap that goes with it. -------------    CHEM 6/12+ |
Posted By: Nutella
Date Posted: 08 June 2010 at 2:04pm
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LR, I guess it just makes sense if at home to have that responsibility as well...at least it is not the other way like it was in grandparents times where the husband took care of all the finances and the poor wife had not much say in where it got spent....and imagine even worse the husbands that got themselves into huge debt and the wife never even knew...or those who took the money off to the pub.....
What an enlightened age we life in now! ETA: And aren't females better at maths too?? -------------
Oct 11
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Posted By: palomino
Date Posted: 08 June 2010 at 2:12pm
| We have seperate accounts, although have been meaning to get a joint for ages. But its no biggie, he earns his money and pays the bills and i get my WFF and spend it on my stuff. |
Posted By: GuestGuest
Date Posted: 08 June 2010 at 2:20pm
But surely all there is to do is make a budget as all bills are set up on automatic payment/direct debit nowadays? And a budget is a joint task otherwise how do you know how much money DH needs for that week? We have a meeting where we discuss it around the computer and then key it into Excel, that way we both have equal input. It often ends in a heated debate but that's always fun - there's usually a glass of wine or two involved
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Posted By: T_Rex
Date Posted: 08 June 2010 at 2:22pm
This is us too. Except atm its only DH with a salary. ------------- http://lilypie.com">  http://lilypie.com">
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Posted By: sem
Date Posted: 08 June 2010 at 3:42pm
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We have everything joint and are with Kiwibank where we have three accounts.
The cheque account where our earnings go into, an expenses account where all of our expenses get paid from (food & all bills which are all on direct debit) and a savings account. We calculated how much we spend each month (including annual payments such as rates etc) on all our bills and add a bit extra, that amount goes into the Expenses account when we get paid. This is great as there is always money in it for groceries, incurance or rates bills. Anything left over in the cheque account is for spending (appart from what we save which is transfered into the savings account) ------------- Here we go again, another baby on it's way! 
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