What's his is mine and mine is his...
By whywiki
@whywiki (6066)
Canada
June 30, 2008 2:46pm CST
Since my hubby and I started to live together we have always just shared our finances. If one has and the other doesn't then we both have a little. I was talking to other people and friends where they say that their money is theirs and the spouse has their money. Every thing is split down the middle. They both pay half. I was just wondering if I am in the minority or majority. How do you handle the finances in your house?
3 people like this
10 responses
@queenofarms (1659)
• United States
30 Jun 08
I believe everyone should do thier part. My husband has always made more money than me. I pay what I can and he pays the rest. At one time we had a joint acct,his acct and my acct. But since the divorce we have his and her accts. We do try and do our part though.
1 person likes this
@fwidman (11514)
• United States
30 Jun 08
Both my wife and I are on fixed incomes and we split the bills. But, if one of us has money and the other doesn't, then we generously give our money to the one that is broke. Marriage and shared finances just go together. How can anyone say this money is mine and that money is yours? Sounds screwy to me!
@ambkeb (782)
• United States
1 Jul 08
My husband is the only one that works. But I will NOT stand by and let him claim everything as his own. We are a family...husband and wife...it is OURS not just his...not just mine. We were like that even when were just dating and had started to live with someone. We always put our money together to pay the bills...but we had a joint account.
I do know a few people who are like you have described. But one of my friends I can see her reasoning behind it. She was married to this guy for years and they had joint everything. They have 2 kids and then one day he up and left...took her name off the bank accounts (not sure how he got away with it without her signature but he did) and she was left completely broke. She had just quit her job for medical reasons and was unable to work. After a couple years and after she had FINALLY gotten her life straight and was going good, she started dating this guy and now they are married and doing the joint thing really scares her. But her husband understands and he is just being patient with her about it all. So it works for them....
@Angelwhispers (8978)
• United States
2 Jul 08
WhyWiki, our money is pooled together for the good of the household. Of course we each have money of "our own" to spend but the pay checks go into a joint account and from that one account every bill we have is paid from. All of our household expenses, food and clothing needs. If one of us is thinking about a purchase of over 100.00 we discuss it between the two of us. I take care of the books and bills, so my husband always asks before he spends anything to make sure we can afford it at the time or if in fact our budget allows any purchase... I think marriage is team with the business of raising a family a partnership. We might have tried other ways when we were in our early years but those means just did work.
@chrislotz (8137)
• Canada
1 Jul 08
We don't know how to handle our finances, that is one of our major problems and that is one of the reasons why I left him 3 months ago. What was his money was all his and since I didn't have a job, couldn't work at the time because of health reasons, I didn't have any money of my own at all. We fought about money all of the time, he didn't want to give me any at all and so I had no money even for smokes, which he would buy for me, but with lots of grumbling. So we didn't share the bills or the money. I am now working again and I am supporting myself now.
@whywiki (6066)
• Canada
1 Jul 08
It sounds as if your ex was a little controlling. I can see why he is an ex. It really is hard these days to budget and afford to go through life and every day things get more expensive and our paycheques stay the same. Sometimes I feel I can't win for losing. Such is life I suppose.
@jashley1 (746)
• United States
1 Jul 08
I couldn't even imagine not sharing the finances. I'm like you - my husband and I have always shared our finances - there is no "mine". We have the same bank accounts, credit cards, savings accounts, etc. We are co-borrowers on each other's loans - there is no separation whatsoever and this is how it has been for the last 8 years. I feel like this is great and we are always for each other - no separation, no division.
@danishcanadian (28955)
• Canada
30 Jun 08
I am on a disability income that pays my rent and buys me a bit of food during the month. My husband makes the higher income.
While it's true he pays most household expenses, I don't have my hand in his pocket for personal things. If I want to do something leisurely I pay for it. My on-line earings ensure that I don't always have my hand in his pocket.
I also have a savings account that he doesn't know about, that sits there until there is an emergency. He i great for eeryday things, but he finds it hard to ae money, so I always "ask for more than I need" for a household thing, and put some of it away in savings, for us to use when something goes wrong.
@Grandmaof2 (7579)
• Canada
30 Jun 08
In our house it's all 50/50 unless it concerns something we had before we were together.
@suria5231 (147)
• Malaysia
1 Jul 08
I find this topic to be very interesting and amusing because it seems to assume that there is a certain amount of reservations regarding the concept of marriage between two people who come together to build a family.
My wife and I have a very different approach. I give what I earn to her and together we work out how best we spend and/or save the money.
We figured that if we have to be successful in life we need to be together enjoying the success and if we find ourselves in debt we will face this challenge together too. Its probably an older old fashion concept but so far it has worked well for us and we continue to respect and love each other throughout the challenges both in the past, the present and of course the future.