Show Me the Money
By Modestah
@Modestah (11179)
United States
March 20, 2008 5:25pm CST
Who in your household handles all the bills?
Do you both keep a checkbook (or debit card) or only the bill keeper?
We have found it easier in our household to have only one of us manage the bills and checkbooks
That would be me, as I am not as over worked as him... he worries about how to make the money and I concern myself on how to distribute it...lol
It was not hard today, as the van repairs were not the initial $700 nor the updated estimate of $1000, oh no! we do not do anything the easy way - I went and picked it up and it was $1044 and change! augh.
6 people like this
20 responses
@maddysmommy (16230)
• United States
20 Mar 08
It was my husband but now it's me. I handle everything but I do run it past him too. We did have a system but it's ended up not working only because one of us was not keeping up with it, so we decided that I would do our finances. I joined an online budgeting free course with ivillage.com and am slowing working my way through it.
I have put down everything we owe on paper and now we know exactly where we stand. I do a fortnightly spending plan as my husband gets paid every two weeks and we work off that. I've made arrangements with a few of our debtors to change the payment dates so that most of the major big bills we owe i.e rent, car payments are not paid on the same payweek. That's where we were falling short on one pay week vs the other.
It's only been two weeks since I took over and it's been ok so far. I have made sure he gets an allowance each week and gets to spend it on whatever he wants.
I hope I can continue to keep our budget going and that by the end of the year, a lot of our debt would be cleared and we have some savings or an emergency fund established.
@maddysmommy (16230)
• United States
5 Jun 08
It's going ok at the moment - had a bit of a setback with the recent trip and wedding we attended, but I am back up and running again. Thanks for BR Modestah :)
@enchantedleppard (1541)
• United States
20 Mar 08
I pay the bills, I also have the debit card and checkbook. Anytime he needs cash he lets me know and I give him what he needs (within reason!!) It works out well and since I'm more thrifty with money its better for both of us. We can pay bills plus have money in the bank and have plenty to save. We both work fulltime so we both contribute and generally dont have issues when one wants to buy something. Good post!!
@ruby222 (4847)
•
20 Mar 08
We get along quite easily on that score...hubby has his `allowance`..and I handle all the finances...I think its either a thing you are comfortable with..or not!...It takes one of you to be astute with the pennies...if the both of you were frivolous it would be disastrous!!!
@ElusiveButterfly (45940)
• United States
21 Mar 08
We have seperate checking accounts. He pays some of the bills and I pay rent and now that I no longer have a car payment I will be paying for the gas and electric too. Possibly even the cable at this point. When and if he loses his unemployment benefits the entire worry about the bills will be solely my responsibility. The unfortunate thing about my husband having his own account is that he often overdraws his account. This wears me down because I will be the one to add funds to his account. He just doesn't get it. ~sigh~ I do not want his name on my account because he doesn't know how to watch his spending. But, I would rather have him give me money from his account so I can deposit it into mine and pay the bills from my account.
@drannhh (15219)
• United States
22 Mar 08
I do! And we have van repairs coming up too. Hubby doesn't like to do any office-like chores he can foist off onto me and he handed his check book over the first week we were married and said, "Can you figure this out?" It has been my job ever since. However, he loves to do the laundry and vacuuming, wash the kitchen and bathroom floor, and all that sort of stuff, so believe me he is a keeper.
Sounds like you and him have a good system too!
@Perspectives (7131)
• Canada
22 Mar 08
At one time we both accessed the account. Then for awhile my hubby did...and now we have figured out that I seem to have a good ability for managing the bills and banking and so now I do it.
In my view most successful marriages/partnerships flourish when each knows their strengths and focuses on that. David and I are partners in life and in business and when we reached a point of acceptance about who did what better everything flows much more easily.
Yikes...big auto bills!
Raia
@Ldyjarhead (10233)
• United States
21 Mar 08
Yikes.
I'm the keeper of the checkbook, debit card, etc, and handle all the finances. Tom doesn't want anything to do with it.
I'm much better at squeezing a nickel, so I'm just as happy to do it rather than get into more debt.
@jenni7202 (1598)
• United States
21 Mar 08
Well it depends on the bills. My boyfriend worries about paying our cell phone bill, the car payment, and the car insurance. I on the other hand, get to take care of the other 8 or so bills that we have. It's just easier for me to do those, as most of them are paid right out of the bank account we share, or I pay them online. He's not too good with money, and tends to screw up the bank account when he's not careful. So I got the job of taking care of most of the bills. I don't mind it, I think it's fair, since he screws them up and I don't. It's ok though, because he tends to work harder than I do, and has to deal with mean customers that are always trying to get him in trouble. I don't know what it is about him, he's a hardworker, great with people, but there are just some people that just like to cause trouble, and my poor boyfriend always gets stuck right in the middle of it all.
@gavsmomjamie (319)
• United States
21 Mar 08
I make the money and I'm the only one with bank accounts or credit cards but somehow my three year old is in charge of the spending ;)
@kimbers867 (2539)
• United States
21 Mar 08
I handle the bills, the checkbook, the taxes. I just get asked, did you pay this or that.
@2btrueinu (700)
• Philippines
21 Mar 08
In our household I am the one who handle the bill. Our checking account I closed it already and I don't want any credit card right now. So I pay all our bill in cash basis only I make sure that The comes in were enough/ over to all our expenses. I save some of it in case of an emergency it's hard to budget everything there are so many unexpected expenses coming in. Now that it was a vacation here in our couture I will save some of the money I don't have school service to pay I don't have tuition to pay until this coming June. But we have some experiences coming like planning to go swimming this summer LOL it's really hard to budget sometime I'm running out of ideas on how to save from all of this. So we give up our checking account I don't want to be worried in running up to deposit for some check to come in on that date. Now I'm happy to say that I handled the money well. Enough for us to not worry for tomorrow.
@Sarah187 (90)
•
21 Mar 08
Yes, only one actually handles it in my home. ME!!
Although we do have everything go into one account and all bills also come out of that account by direct debit so the bils arnt' to much of a problem.. as long as there is money in the bank!!
But yes we talk about money but only I deal with how much we need for food and household stuff, or organising the spending money etc.
We seem to have things quite under control, things tend to get a bit messy if we both end up trying to keep the money on track because we both have different methods.
I am the same as you, I have alot of free time as I have a young child to look after and therefore have the time to check the bills and the money situation or going to the bank for instance.
It would be too much pressure to work full time and worry about all the stresses of money at the same time. x
@jamorjuice (9)
• United States
21 Mar 08
Yah, that would be me. I am a stay at home mom, and part of my "running the house" duties include taking care of the finances. I suppose I could let my husband take care of it, but then we'd always be broke! lol.
@graceandowen (1637)
•
21 Mar 08
That would be myself as I am the only adult in our household. when I was with my partner he took care of most of the bills and outgoings but now i find it quite liberating to have the responsibilty myself and I also know where I stand when it comes to extra money I can spend.