My Darling Husband is terrible with money. TERRIBLE. He is very gullible and susceptible to salesmen, he is impulsive, always forgets what needs to be paid, and he has no clue how to budget. I can also be frugal when I need to be, whereas Darling Husband is calling me like “Can I buy 3 pairs of shoes?! I can’t decide between them!” (True story from last week. I told him to pick two.)
I am a careful budgeter, remember to pay things on time, and am a skeptic when it comes to salesmen. So for the most part, I handle budgeting and bills, but I try to keep things fair.
All our money is our money, not mine and his. I take our total incomes together to start the budget, then subtract all our bills and some for savings. Then I subtract things like groceries, gas, date nights, etc., and l leave a slush amount for incidentals. Lastly, whatever is left over is split in two, and we can each spend our half however we want, no complaints from the other. If Darling Husband has enough money in his half of the leftover to buy three pairs of shoes, he’s allowed.
I usually take the time to pay the bills out of our joint bank account, since I’m better at keeping due dates and pay days and all that straight, but if Darling Husband wants to buy something, it’s his responsibility (even though I have to remind him every month). He wanted a new car after his old one broke down: HIS bill to pay. He wanted to sign up for satellite TV: HIS bill. It’s still our $, but he’s taking the time to handle it.
To keep things straight, we (I) use a combination of spreadsheets and Mint, which automatically tracks your expenses and the amounts left in each category of your budget, and you can use the app on your phone so if you’re standing in the middle of the grocery store like, “Do we have money for salmon?”, I can easily find out.