Who takes care of it all?

posted 3 years ago in Money
  • poll: Who looks after the finances?
    Me! I do it. : (57 votes)
    45 %
    He does it. : (24 votes)
    19 %
    We don't have joint expenses, I pay mine, and he pays his. : (28 votes)
    22 %
    Other (please explain) : (18 votes)
    14 %
  • Post # 3
    Member
    7098 posts
    Busy Beekeeper
    • Wedding: August 2012

    We have joint accounts and almost every bill is set up to auto deduct, so I guess we share the responsibility for the most part.

    Post # 4
    Member
    3084 posts
    Sugar bee
    • Wedding: July 2014

    @jb20:  We aren’t married yet, but we are planning on having joint accounts. We are going to share that. I might be the one to write out the checks (because I would just get anxiety not doing that) but we are both going to know everything that’s going on. So we are both going to do it, I guess. We are planning on doing auto deductions for our mortgage and stuff, though.

    Post # 5
    Member
    6507 posts
    Bee Keeper
    • Wedding: June 2013

    DH does. We use Quicken to keep track of everything and he seems to enjoy paying bills and entering all of our purchases. I’ve offered to help out with some of the bill paying but we decided it’s easier for one person to do it.

    Post # 6
    Member
    4413 posts
    Honey bee
    • Wedding: June 2012

    I have this complex spreadsheet that calculates how much we should each move to the joint checking account, which accounts for all the expenses that are tied to our individual accounts (like car payments, student loans, etc) and all the expenses that need to be covered by the joint acct, with the goal being that we are both left with the exact same amount of personal spending money each month. DH doesn’t even know how the spreadsheet works, so every month I just tell him how much money to transfer and he does it. Haha it would be so easy for me to rob him blind! Lucky for him, I don’t. I steal a maximum of $50 from him per month. Tongue Out

    Post # 7
    Member
    1772 posts
    Buzzing bee
    • Wedding: December 2011

    I do it for most of the reasons you listed! I like to have things written down and organized, my husband doesn’t really care. Originally, we had planned to handle things more jointly but because he’s often gone for months at a time for military training or deployments, it just makes sense for me to be the one to do it because then we can’t forget anything! But lately he has been much better about being involved and at least having some concept of how much we pay for things. A few months ago he couldn’t have told you if we spent $20 or $200 on electricity!

    Post # 8
    Member
    5351 posts
    Bee Keeper
    • Wedding: October 2009

    A combo of both.

    We have a joint account and the mortgage and housing bills are auto-drafted, as far as for our cars, cells, and credit cards; we each pay those on our own, but the money is still deducted from the joint account. As far as savings, my husband moves money on a monthly basis and determines what that amount is each month, so I will say that he does a little more then I regarding our funds. He also manages our investments. 

    Post # 9
    Member
    352 posts
    Helper bee
    • Wedding: June 2014

    I’ve discussed this with my FI. He’s a much better saver than I am, and he’s super into stocks and such, so we agreed that he will be taking care of our money. I have asked to be included in what he is doing, just so I know, but for the most part, he will be paying the bills! 

    Post # 10
    Member
    4220 posts
    Honey bee
    • Wedding: August 2013

    I pay my own bills like cell phone and credit card. He pays his own. For joint expenses like water, electricity, phone, cable etc we divide the bill based on percentage of total income. So, for a year we make X dollars together, my income is say 45% of that, so I pay 45% of the bills.We re evaluate that percentage annually. For groceries we take turns. We have a smaller joint account for some things but we keep the majority of our finances separate. Maybe it seems complicated but for us it works. 

    Post # 11
    Member
    6073 posts
    Bee Keeper
    • Wedding: August 2012

    @jb20:  We have differnet roles. 

     

    I take care of the expenses tracking in my ancient spreadsheet I’ve used for 15 years.  All the bills are on autopay so no one has to worry about them.  But I like tracking things and keeping H updated on where our money went this month.  I send him a chart at the end of each month.  This way we can compare spending from year to year, or try to figure what our replacement income would need to be in retirement. I also predict how much we have in checking for future months as well.

    H does the long term planning, like with retirement accounts and figures when we can retire.  However, he needs my short term planning to see if we have enough per month to open more accounts.

    Post # 13
    Member
    8593 posts
    Bumble Beekeeper
    • Wedding: September 2013

    I do.

    I like doing it.  I like being in control.  I’m more organized.  He is much more forgetful/scattered than me. 

    I have some things set up to autobill but not everything.  I think his auto insurance is auto billed to a separate account of his but otherwise I take care of all our bills and make the budgets.

    We technically don’t have joint accounts at the moment though.  It makes things a little more difficult (transfering money) but he has some business accounts he prefers to (obviously) keep separate and just ends up giving me cash.  Also he makes $ frequently in cash so he just gives that to me as well for put into what is technically my account (even though it’s “our” money).  I should add him to my account, just haven’t gotten around to it.

    Post # 14
    Member
    1625 posts
    Bumble bee
    • Wedding: June 2014

    @jb20:  We have been living together for almost two years, but havent joined finances yet. I moved in to the apartment he already lived in, so stuff like gas/electric/internet was already in his name, so he takes care of the actual payment, and also writes/mails the rent check. Our cell phones are under my name, so I pay that and our season tickets for soccer. We split everything 50/50, and just say “you owe me this much for x” as the bills come up, or a couple of times a month. I really want to take over the bill pay though, because he forgets sometimes  and it drives me batty!

    Post # 15
    Hostess
    8680 posts
    Bumble Beekeeper
    • Wedding: October 2014

    I do.

    Post # 16
    Member
    5288 posts
    Bee Keeper
    • Wedding: April 2013

    I take care of all the household finances and bills. DH is just responsible to pay for his car loan each month as it comes from his personal account. I like to be the one to take care of it all cause then I know they are all paid on time and I dont need to nag him about anything. Plus he is super busy with his own business and I work a desk job so its alot easier for me to take care and manage the finances  

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