Do you trust your partner when it comes to the familys economy?

Money - money, how do you handle the familys finances?
@Starline (681)
United States
April 9, 2007 3:38pm CST
I am learning to trust my husband when it comes to economy, he likes to spend more than me on eating out, snacking out and for example going to the theater while I would prefer if we saved on things like that in order to save up to for example big trips, I would love to be able to travel more. I would prefer staying in a cheap hostal from a hotel, and then buying clothes for the money I would save, while he thinks that we should save on clothes!! so, you see the problem you and your partner get along when it comes to how to spend the family's income?
4 people like this
11 responses
@loved1 (5328)
• United States
10 Apr 07
No way do I trust my husband when it comes to the family's economy. My husband is good at many things, but managing his money is not one of them. I believe in paying my bills and then seeing what is left over to spend. He does things the exact opposite. We are working out a system slowly but surely though.
1 person likes this
@Starline (681)
• United States
10 Apr 07
Alright, maybe there is a way that you can have the bills paid automatically? So that he'd be able to spend whatever is left after that.
• United States
10 Apr 07
I trust my husband with the income, plus he is the one who works. If I was in charge we would be in great debt, I love to spend. So he takes care of the income.
1 person likes this
@Starline (681)
• United States
10 Apr 07
If he is the one who works maybe he should be allowed to decide what the money goes to too :) since you say that you spend too much, lol.
@missybal (4490)
• United States
10 Apr 07
Not my husband. He spends a lot more money then I do. I can't spend anything because I have to be responsible after all he spends. At least that is how it has been in the past. Right now we don't have the money for him to spend. He's being good. But when we have money he spends it on all kinds of things. He's always telling me to go and buy something for myself but then I think how the money could go to a bill or something and that what I want isn't really anything I would need. So I don't spend, but it's not a burden to me. I'm really not the spending type.
1 person likes this
@Starline (681)
• United States
10 Apr 07
Yeah, my husband says that too.. if he spends alot and feel bad he tells me to spend too!!! But I can't because I think about what the money should be used for instead, useful things. So it's kind of unfair.
@rosie_123 (6113)
10 Apr 07
Well the way we handle our finances is quite simple. We have a joint "household" account, where we both deposit a cetain amount out of our wages each month to cover the mortgage, heating bills, food etc, plus alittle to "save for a rainy day", but then everything else is in our separate accounts to do what we like with! I like to buy clothes, he likes to buy CDs and books stuff like that, and we never question eachother about what we have spent providing the bills are paid. We don't believe that living with someone means you "Own" everything that the other person has - we believe in independance, and that way suits us both!
@Starline (681)
• United States
10 Apr 07
I wish we had it like that too, but my husband and I like to complain about what we spend money on, lol. Or at least I do! It makes sense that as long you can cover the bills, you can do whatever you want to!
• United States
10 Apr 07
NO! I do not trust my husband! LOL I am in charge of money...his check is deposited in the account...he gets $200 every 2 weeks to do with how he sees fit and I get the rest for bills and savings and all. Right now there is no savings since I am trying to pay bills off, but oh well. :) Daniel, my husband, is bad with money. He would go to the ATM machine 13 times a day if I didn't stop him! He will have $20 at 8am and by 5pm have 50 cents and say he didn't buy ANYTHING! :) He's BAD!!! So, now he gets an allowance and that's it...if he runs out of money before the end of his 2 weeks, I guess he will eat rice for a few days. (he doesn't live with us right now due to his job so that $200 is for his food and "fun").
1 person likes this
@Starline (681)
• United States
10 Apr 07
lol that's funny.. but not funny at the same time.. it's tough when you see your partner spend a ton on things that you don't consider necessary. My husband keeps buying water bottles when I tell him to just bring a bottle of tap water!! (tap water in Sweden is fine!) and he buys too much ice cream at Coldstone (one ice cream is like $7 there!! and he insists on tipping the staff just to hear them sing, lol) so, little things like that ends up a lot of money.
1 person likes this
• United States
9 Apr 07
yes you are right. every one should control expenses on theatre and visiting hotels if the income does not permit. I also agree that spending high amount on motels can also be avoided so far as you are not compromising with the safety . clothes are the decorative impression of manhood and therefore expenses on this is a must
1 person likes this
@Starline (681)
• United States
9 Apr 07
yes, I agree that clothes are important, I just wish that my husband agreed on that, lol!
@TerryZ (22076)
• United States
10 Apr 07
My husband likes to spend on things like that too. He doesnt realize how much he is spending everday while hes working. Im constantly getting on him about trying to save some money. Hes like he doesnt hear me. So I know the feeling.
@Marie2473 (8512)
• Sweden
10 Apr 07
I am the big spender in this relationship and he is the one thinking about the future. I am improving though and I am not even spending half as much as i did before i met him =) We do get along and never fights about money though and that is great!
@Starline (681)
• United States
10 Apr 07
So it's good to know that you have learned to compromise!! And you do make some money here, lol.
@hcromer (2710)
• United States
10 Apr 07
I've been having the same problem with my boyfriend. I make more money than he does by a long shot, but he's always trying to go out to eat and buy, buy, buy. I'm sorry I have no advice, I am struggling with this too.
@Starline (681)
• United States
10 Apr 07
I hope that maybe we can teach them to save more, it's nice to eat at home too as opposed to in restaurants, and to rent a movie instead of going to the cinema!
@sunshine4 (8703)
• United States
9 Apr 07
We have a very strict budget for our family. It works out great. We have about 15 or more columns on our budget sheet which includes everything from house payment , van payment, insurance, gas, groceries, night out ect... Every week we take our paychecks and put certain amounts of money in every column. It is figured out according to how much we need to pay the bills. We then put $20 a week for vacations and the rest goes into a savings. We don't spend alot on extras, but we always have a great family vacation every year! When we were first married it was much harder to come up with a plan we both agreed upon, but as we got a bit older we realize what is important to us.
1 person likes this
@Starline (681)
• United States
9 Apr 07
That's good to hear! It sounds like a solid system that can make sure that your family is never in the situation that you can't pay for something important. I'll try to do something similar, but put more aside for vacation lol :D
@Erilyn (3020)
• United States
9 Apr 07
I think all couples have differences when it comes to money one way or another. As long as you can sit down together and talk about any big pirchases everything will work out. I have set up a budget for us so that we know where our money is going and how we can save it. My fiance likes to invest money rather than put it in savings. While we may disagree on the little things, if he wanted to invest a large sum of money or if he wanted to purchase something big we would discuss it first. We have comprimised on how many times a month we go to the movies and how many times a month we eat out. If there is something in paticular one of us wants we will save for it. What it comes down to I think is comprimise and trust. Save up reciepts from what you spend every month and sit down with them to see where for instance you can save some money for a trip, even if it is as simple as not going out one night. Another good way to save up for something big is to get a jar or something like that and put all your change in it. You would be surprised how much money you can save just by doing that. Discuss what your goals are and find a good middle ground. From there you can better gage whats going to be best for you both.
@Starline (681)
• United States
9 Apr 07
Thanks for the advice!! It's nice to hear that you can work out a system that you agree on. I think that since my husband loves to go to the theatre, maybe I should ask him if he could go maybe twice a month instead of every week. And maybe I'll listen to him more when he says that I get too much clothes, even if I blame that I need it for work..
1 person likes this