Post # 47
Cool cool. Another option with the joint account is his. hers, joint…that way if you have enough in your individual account you can spend it and if not then no. It also rewards those who want to save up for something. Some like to spend right away and others like to save up for something that costs more.
Post # 48
Theres no rule about what amount we have to discuss but we just discuss everything anyways!
Post # 49
We’ve never discussed it, but he always does ask before he buys something big.
Post # 50
My husband just bought a new PS3 and didn’t discuss it with me. Oh noz…This is why we each work and have some of our own money! So i clicked the last option.
Anything that is purchased jointly, from our joint account, is pretty much discussed. He knows if I’m going to go buy X for the house and I usually say “okay i spent $200 at Pier 1 imports” because i show him everything i got. Anything over $500 is purchased jointly I’d say…like a coffee table, or entertainment system….something like that, is chosen together.
But $100? Shoot, i spend that on a new bra. I certainly wouldn’t be calling to discuss that with him.
Post # 51
I voted “not really, as long as it doesn’t come from the joint account”, because we don’t have joint accounts (well we have one joint account, for paying the mortgage/household bills and for savings for house related things), but other than that, our money is our money to do with as we like.
We each can technically spend whatever we like of our money on whatever we like, but like some previous posters have said, I wouldn’t go out and blow $500 on clothes or whatever without talking about it first…though I wouldn’t be asking for permission, since it’s my money.
If there was a purchase that involved joint money (or moving money from savings into checking), then we would talk about it first.
Post # 52
I voted for anything over 1000 but honestly, Fiance calls me to ask what he should have for lunch today so he DEFINITELY tells me when he is spending any money. I know how much he brings home and he knows how much I bring home so it’s not a problem. Right now, we are maintaining separate households but once we are under the same roof, all finances will be merged. I think the over 1000k limit will stay the same though.
Post # 53
I’m with @Corgitales in that I bought a car without talking to him about it. We have completely seperate accounts- so we can each spend whatever we want. Funny thing is, he is more likely to tell me he is going to buy something, and he makes twice as much money as I do.
Post # 54
I think that we are pretty flexible. I’m not crazy when he goes to Game Stop and buys $100 worth of video games but I’m not going to get mad or anything. Likewise, I go shopping quite frequently and typically spend $200-300. The difference is that we pay it all off (use debit not credit).
If we were going around charging purchases we would have a problem. But he doesn’t care that I spend those amounts b/c he knows I can afford it. We have a joint and individual checking accounts.
I wouldn’t think to really consult him on SINGLE purchases larger than maybe $250? And for those purchases, it would probably be things like furniture, tickets, etc. If I really wanted shoes for $250 i wouldn’t get his permission. However, I am a big saver and very practical so I wouldn’t do that anyway 🙂
Post # 55
@JamaicaBride: “t honestly, Fiance calls me to ask what he should have for lunch today”
This made me LOL
Post # 56
Even after we get married, we’ll have separate accounts. Our only joint account will cover dates, bills, etc.
Post # 57
We have joint everything – I honestly don’t believe in having his/her moeny once you’re married – and although we don’t have a hard and fast rule or anything, we typically discuss any purchases over $200 or $300 and we always let each other know about purchases we might not have discussed beforehand. We’re in a good place financially right now so it’s not really a concern about having “enough” money for something, more just a keeping everyone in the loop and knowing where our money is going.
Post # 58
We don’t really feel that we “have” to discuss certain expenditures, but we discuss things as more of a courtesy. We usually ‘let each other know’ if we’re thinking about buying something over $100-ish.
Post # 59
i’m the same as FutureKMM & indyJEEP, we don’t “have” to discuss with one another but we choose to. Most of the time we like discussing about stuff we’re gonna buy and bouncing the idea off one another.
Post # 60
I’m surprised that so many do what we do!
We’re anything over $100, since my husband tends to spend more freely than I do. We’ve also just started giving ourselves an allowance of $100 each month to do with as we please. We started doing this because I started to feel resentful that he would spend so freely and I wouldn’t spend anything on myself because he was spending so much. We’ve worked it out!
Post # 61
Before when we both had jobs, we discussed anything over $100. Now that we’re down to just my income, we discuss anything other than groceries & fuel that needs to be purchased….ahh, the joys of unemployment…NOT! lol