Money
By Dtmcdow93
@Dtmcdow93 (10)
United States
October 18, 2012 3:50am CST
Well, I am getting married soon and am woundering how others (married, spouses) do their money. How do you split paying the bills and how many accounts?
5 responses
@curlyghe (19)
•
18 Oct 12
Firstly, let me congratulate you for getting married soon!
Money is one of the top issues that married couples usually fight over and worst, one of the reasons they separate or divorce. Issues like "who pays this and that, who buys this and that and so on". But when you tie the knot, you made a commitmet with each other that whatever the problem arises together you will take care of it. This means that both of you are in agreement. So, when it comes to finances, both of you must talk about it, how both of you should spend it.
If both of you are working, then both should agree on who spends for bills, who spends for foods and for others. Ofcourse, there is no exact formula here that both of you should you and be legalistic about. When married, there are a lot of unexpected expenses that would come your way but both must be generous and both must learn how to save. If one is the only working and the other stays at home, then both has to talk about managing the finances. The rule "give and take" must also apply in this and no blaming. Love and understanding should also be your principle here. I hope this helps...
@Dtmcdow93 (10)
• United States
19 Oct 12
this did help a lot and thank you so much. A lot of good points. We both have talked about everything, well tried too, sometimes we have argued about it and everything. mostly because she is spending all the time. she still lives with her parents and is kinda sheltered by them. she hasnt had to pay any bills too much. which i left for the army when i was 18 and been on my own ever since, so i have a more understanding of saving and spending and with bills. but im sure we will get the hang of it. we are both working and plan to for a while, but again thank you for the information. it does help, and open my mind.
@subhojit10 (7375)
• India
18 Oct 12
Thanks for posting this discussion. Well glad to know that u are soon getting married and hearty congratulations to u from my end. i think financial life should always be maintained hassle free especially after u start a family or when u tie a knot. In that case u can do the savings by either depositing in your bank account or hand over the savings to your wife to keep it in a locker.
What say?
@Dtmcdow93 (10)
• United States
19 Oct 12
well if she was any good with not spending all the money i would like to let her take care of it, but shes always struggled on hanging out to her money. but we've talked about whos going to deal with most of the money and she pretty much gave it all up to me lol.
@Bhebelen14 (5194)
• Philippines
18 Oct 12
Hi Dtmcdow93, before i got married 7 years ago my husband and I made an agreement/arrangement that as much as possible we do our best to split paying bills, have own each savings and have some joint accounts. In this way we never had an encountered any misunderstanding or issues in terms of money or paying bills. When i am working i used to give my share to our bills and kept some money for emergency purposes like my husband does.
@Dtmcdow93 (10)
• United States
19 Oct 12
We are already trying to get in the groove of things. What I have right now is three checking accounts, two savings accounts and one credit card account.
one of the checking accounts is for bills only. I have it set up where all my bills are directly taken out of that account. plus my direct depost from my job.
another is for my spending (personal)
and the other is for her spending.
one of the savings account is our "main" saving account, which is where we save the most money at, and we would use this for stuff like car repairs or doctors payment or something.
the other savings account is our emergency account and we only save like 50 a paycheck to that account.
and a credit to just build our scores up.
every paycheck goes into the bills accounts, but every paycheck i have it set up to take about 80 dollars out and goes to my spending account.
her job doesnt have direct depost, and she likes cash, were as i dont.
how does this plan seem? good or bad? any improvements?
@slmanju (41)
•
18 Oct 12
Hello and welcome to mylot,
hope you'll be active here. You've come to the right place where you can share your opinions with everyone with the discussion in you're interest. I don't usually give an introduction to myself, but when I do, it's the end of the comment.
The good life is not only about money
@Dtmcdow93 (10)
• United States
19 Oct 12
well i appreciate it very much. very warm welcoming from all.
