Post # 1
We’re now married and in the process of merging finances. DH wants to get me a really nice, potentially pricey surprise for my birthday, which is very sweet, but now that the money is ours together, he asked me if I had a specific limit for gift giving, knowing I’m a really frugal person. I don’t want to have too many rules on the matter, but hopefully, he doesn’t go too crazy.
How do other people deal with birthday or other holiday surprises from your SO when you share your finances together?
Post # 2
we have a shared account that is for savings only and then we still have individual checking accounts that we use for whatever we want, if he goes out with the guys, if i go shopping, etc. I pay the bills every month, so he just gives me the money and i write the checks
we dont have a budget on gifts, but we are not spending thousands or hundreds of dollars on gifts Lol, so its nothing we have to be worried about breaking the bank over.
Post # 3
We have merged finances and I’ve been bought some really lovely (lavish) gifts. I really don’t think much of it.. we have more than enough disposable income and if that’s what he wants to spend our money on I am certainly not complaining! But we also have similar save/spend habits so we both see eye to eye on what is reasonable.. maybe just talk to him on what you think is lavish and what isn’t?! As that answer may be a little different for everyone.
Post # 4
- Wedding: May 2014 - Scottish Rite Cathedral (New Castle, PA)
We have joined accounts but we have two Discover cards, both of us have access on each but we both had accounts already and didn’t feel like closing either. As such, we both spend and while the other could check it out, we never do, just don’t really care enough to audit him haha. So, we both buy as we see fit for birthdays, we’re both the same level of frugal so it’s never been an issue.
Post # 5
Interesting responses. We are financially stable, and I know he wouldn’t put us into debt or anything. Just based on principle, I don’t need or want anything extravagant.
Post # 6
You don’t find it annoyng to have to figure out how much he owes you each month? FI and I will be keeping seperate checking accounts, but we may dump the majority of our paychecks into a joint one so that we can pay everything out of that (instead of doing what we are doing now, which is what you guys do).
Post # 7
We have a shared account that the bills are paid out of. We also get an “allowance” of sorts from each pay check and that money is used for whatever we want to buy on our own.
Post # 8
We have a joint savings account. Each of us is responsible for common household bills i.e. mortgage, electricity, cable, internet, house insurance etc. We have separate credit cards and pay our own cellphone bill. So basically, when it comes to gifting whatever each is comfortable giving would be the case.