Are you aware of your families finances?

@soccermom (3198)
United States
April 4, 2007 9:28am CST
I told my hubby last night that there were bills on the counter. He started laughing and opened them all to show me they all had $0 due. We have a joint checking and savings, and I also have my own savings account. He does everything online and truthfully I don't pay attention to the bills. It appears my hubby has everything down to such a science that he pays all our bills a month ahead of time, we have nothing due until the end of May. He even pays extra on our gas and electric, we have a $96 credit on our gas bill right now. I'm glad he is responsible, but my concern was that if he died tomorrow I wouldn't know what the heck was going on! He thinks this is silly that I want to be aware of what's due when, but I think I'm just playing it safe, they call them "accidents" for a reason. Are you aware of your financial situation? Or does your significant other handle everything and you assume it's all good?
13 people like this
25 responses
@sunshine4 (8703)
• United States
4 Apr 07
Fist off, you should be so happy to have a husband that has your finances in such great standings that everything is paid for a month in advance! You are probably one of the few that do this. I would definitely ask your husband to show you how and when he pays the bills. This is something that you might need to know in the future. Just explain to him that God forbid something happen, you want to know about your finances. I am the one who pays the bills at my house. My husband has his paycheck direct deposited and I am in charge of making sure that the money goes to the right budget areas. It isn't hard taking care of the finances. I don't know if my husband even knows the username on our online banking account.
2 people like this
@soccermom (3198)
• United States
4 Apr 07
I am happy about it, I just get concerned because he doesn't clue me in as to what is going on. I couldn't tell you when one bill is due, wait I know when th emortgage and our car insurance is due. but that's it. My hubby uses direct deposit too, I still do it the old fashioned way. Everytime I try to get on our bank account online I screw it up and we have to call customer service to "unfreeze" it. LOL That's part of the reason I gave up.
@lightningMD (5931)
• United States
4 Apr 07
In our family i pay the bills...we disscuss which ones to pay first..we are working on getting rid of alot of credit card debt right now..i think it is important for both people to atleast know how to pay the bills and whats owed jusy incase...i need your husband to give me a lesson on online banking
2 people like this
@emeraldisle (13139)
• United States
5 Apr 07
I think you are smart and wise to know what is going on. I have known many older women where their husbands handled everything and then the husband passes away. They have no clue what is owed to who, where or when. Some haven't even had their own bank account and have no clue on how to access the ones that the husband had. I understand having one person handle the bills, it does work out better that way usually, however the other partner should have some clue as to it all. This way they aren't blind sided. You are not silly and you should tell him that.
4 Apr 07
I seem to be the one worrying about paying the bills in this household. I worry when the bills arrive, I worry when the red reminders arrive too. My partner and I do try to keep the money under control but although he is earning money, there never seems to be enough to pay all the bills. At least we are both aware of our finances.
@mrsturner (518)
• Canada
4 Apr 07
We are the same in our house and sometimes I have the same worry. My husband pays everything online and it is all done on time and in order of due date. He has told me how to log in and do things, but I don't have to so I forget what the passwords are etc. Before we were married I did everything for myself and did it all in person. I went to the place and paid the bills. I trust that he keeps everything under control, but sometimes I feel stupid asking him if we have the money for something when I should know the answer myself.
2 people like this
• United States
5 Apr 07
Things are the opposite at my house. I pay all the bills while my husband has no idea how much they even are. The bills are also all in my name and I don't even work. I go and pick up his paycheck, cash it and then pay the bills. If there is money left over what I will give him some. It is just what works for us :)
1 person likes this
@soccermom (3198)
• United States
5 Apr 07
I have a vague idea of how much our bills are, and what's in the checking and savings accounts, but as far as what's due when? Forget it. My hubby has his check direct deposited and I still go to the bank to deposit mine. I said something to him the other night about getting a biweekly "allowance" and he laughed because we usually use our debit card and if we want something we just go get it. I think if we each had an allowance it would help us save money because we'd be more aware of what we have. I'm glad you have a system that works.
@bhbirdie6 (1765)
• United States
5 Apr 07
I'm single, so I handle all of my own finances. Well mostly, the one thing I don't do is my tax return. I have a professional do that. How are you supposed to understand all the nonsense they spew out at you right around tax time?
1 person likes this
@kgwat70 (13387)
• United States
5 Apr 07
I am the only one aware of my financial situation since I am living alone and handle all my bills. If I was married, I would keep my wife informed of the bills that we have and owe but if she wanted me to make sure the checks were sent out or the bills were paid by checking account I would make sure they were done. I think it is good for both people to know what the bills are and the amounts.
@lilmissy (481)
• United States
5 Apr 07
envy you my family never has enough my father never pays the bills we pay water this month ,gas nnext ,we are behind on bills but we have to pay the oldest 1st they start cutting things off if you go more than 3 monthes behind
1 person likes this
@denden (802)
• Philippines
5 Apr 07
I am still single now but I am aware also of our finances here in our home because my mother also asked me to pay the bills after we go to school.You must also to be aware of your family finances so that you know whats the real budget for the bills, for the foods, i mean you know how to estimate your money.
@roque20 (518)
• Philippines
5 Apr 07
I am single here and i am not aware of our family finances because i think my parents are responsible in that when it comes to finances in our home.But sometimes if i asked money from them they would tell me that they have no enough money for my wants because of some reasons.
• Philippines
6 Apr 07
as the wife, i am in charge of the family's finances. i always make sure to check on due dates to avoid any penalties. my husband on the other hand, does the monitoring. if there are times that i get to busy, he reminds me of the bills. he does the working, for the money to be used in paying the bills.
1 person likes this
@pengqing (217)
• China
5 Apr 07
I am not a financial person,I am glad to have back fiscal Mom,all the money to her!!
1 person likes this
• India
5 Apr 07
we at home ahve joint accounts and both of us know where we have invested how much we ahve invested and where we have invested. all the details are known to both of us.even what bills are to be paid - we both know. This would definitely be helpful during emergencies.
@TerryZ (22076)
• United States
4 Apr 07
Your very lucky you dont owe money on your bills. My husband pays the bills and we too have a joint accout too. We owe on every bill in the house. we are so indebt its not funny. If I had to pay the bills I could do it. Its really not that hard. You should try it one month. Learn how ask your husband.
@vanities (11395)
• Davao, Philippines
5 Apr 07
im very aware of our financial situation coz im the one who are budgeting and telling him or reporting whats in and out its necessary for married couple to be open on such important thinh in marriage to avoid miscommunications that will lead to misunderstanding and luckily to divorced God forbids for it..
@SpitFire179 (2536)
• Canada
4 Apr 07
I worry about paying most of the bills, it's mostly done by me, Our accounts are joint, and i just go into them when a bill needs paying and pay it. But my hubby and i talk about it all before anything comes out because we don't have the money to just do something without talking it out first. Right now, we're both working our butts off to find where were going to get the money to pay off a couple of bills, I thank god that he's got a new job starting at the end of the month, it'll all be better then and i can get back to paying bills like your hubby does :P
• Canada
4 Apr 07
My partner is the one who pays the bills but I'm well aware of our finances. I try to make sure that I know whats what so I know what we have to pay out each month or what we might need for the kids such as new shoes and new clothes. My boys are growing SO fast right now! I don't necessarily LIKE knowing whats going on, but at least I do know so that if anything should happen, I'll know what needs to be done.
• United States
5 Apr 07
My husband is also very financially responsible about the bills. I do however have an understanding about where everything stands. He lets me know when we need to tighten the belt and when we have a little extra to play with. If I had to take the bills over tomorrow, it wouldn't be a problem, but I am comfortable where we stand !
@mamasan34 (6518)
• United States
4 Apr 07
I handle all finances in our home. It is very important that the other partner know what is going on currently with the bills. My parents are classic cases of this. My mother went to Korea and ended up having a stroke and had to stay an additional three months before she could come home. No one knew how to pay her bills, how much money was available, she didn't keep a checking account register, she hid things and she kept a notebook of her expenses. We couldn't find anything. My dad never handled the bills and didn't even know where to start. My brother knew more of how she paid the bills but he lived in Chicago. He ended up having to move back home to help dad until she could resume those responsibilities. We ended up having to tear that house apart to find that expense book, her account books and bills. It was a nightmare. So, my fiance knows I have a spreadsheet on what bills are due when and I always let him know what is in the account. He gets very frustrated paying bills so that is why I do it. He just hates seeing all of his money go away,LOL! But your right, you absolutely have to be "trained" by him to do the bills in case something happens or your going to be in the dark!
1 person likes this