How do you and your SO manage finances?

posted 3 years ago in Finances
Post # 31
Member
7082 posts
Busy Beekeeper

MissyR :  I didn’t know Canada doesn’t have joint taxes – so interesting! On the one hand it seems like a hassle but on the other Darling Husband and I get a marriage penalty so filing as two single people would be save us about $800 a year. 

Post # 32
Member
372 posts
Helper bee
  • Wedding: September 2020

we are open but keep everything pretty seperate. we have seperate bank accounts he transfers me his half of the rent and i pay it, i pay the internet and most of the groceries and he pays other bills of roughly equal value plus all car related bills as he drives it and i pitch for gas on long trips. i much prefer this i have so many friends who have to ask their partners for money when going out which seems awkward to me id hate that but id also not want to worry about dipping into their portion so i much prefer this.

Post # 33
Member
39 posts
Newbee

my boyfriend and I own a house together. We have one joint chequing account for our mortgage, joint bills (utilities, hydro, etc.), home insurance, as well as some extra for date nights and groceries.

He makes more than I do, and I paid much more of the down payment (like we’re talking 80% by me, and 20% by him) so he contributes 1400 a month and I contribute 1000. This covers everything and we also have a buffer of extra money in the account.

We keep all of our individual bills separate. We have our own debit and savings accounts for personal spending. We’ve owned our house for 7 months now and so far this has worked wonderfully. Like you said, there’s never any “what did you spend this money on?”

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