(Closed) How do you divide finances

posted 7 years ago in Money
Post # 3
Member
2701 posts
Sugar bee

@viv81: Our money is together in several joint accounts. We pay for things together since our finances are combined. We have found it easier to make purchases and plan for the future financially when we can say “our money” and not “mine” or “yours”.

Post # 4
Member
14444 posts
Honey Beekeeper
  • Wedding: June 2011

The same way we divide up everything else – we dont.  Well, I ended up paying for just about everything cause I was the one shopping for it, but as with every purchase we make, as long as ‘we’ have enough money, the logistics of whose account it comes from doesnt matter.

Post # 5
Member
685 posts
Busy bee
  • Wedding: October 2011

I pay for my dress, shoes, veil and accessories and the Maid/Matron of Honor dress. He pays for his and best man tux rental. We pay for each other wedding band. Other wedding expenses we pay 50 / 50. 

Post # 6
Member
214 posts
Helper bee
  • Wedding: April 2012

We just recently combined all our finances in one account and so far it is making life much easier instead of tracking who is purchasing what to make it ‘fair’. My parents gave us 10k for the wedding that is sitting the joint account and we track all of our spending using YouNeedABudget.com. I also keep a separate spreadsheet of just our wedding budget. 

Post # 8
Member
3314 posts
Sugar bee
  • Wedding: October 2010

My parents gave us a lump sum and we paid for everything out of that sum.  What little extra things that we paid for separately were paid for by us – not me or him but us.  As another poster or 2 said, we are a unit, so anything that we buy comes out of our money.

Post # 9
Member
1577 posts
Bumble bee
  • Wedding: September 2012

We have a joint account that 80% of each of our paycheques go in to. From this we pay all our “together” bills, mortgage, and groceries; and it’s from this where we’ll pay the major wedding expenses.

Then we each have our own accounts with 20% of our paycheques to do with what we want: save it, spend on ourselves or each other, practical or impractical.

So far for this marriage thing: he bought my e ring from his personal account, I bought my dress from my personal money.

Post # 10
Member
14444 posts
Honey Beekeeper
  • Wedding: June 2011

@viv81: We still havent offically combined, but we treat is as combine.  But we are both on exactly the same page about our spending and saving habits so it works for us.  When we first bought our house, our accounts were pretty much wiped out, and if one of us didnt have enough to pay off the credit card (we charge everything and pay it off in full monthly), then the other would just transfer some money to cover it.  In the particular situation with the dress, it would be the same, if I have enough money to pay for it, then I will just pay, but if not and I know he has it, I would ask him to transfer me some to pay for it.

Post # 11
Member
5 posts
Newbee
  • Wedding: September 2012

My parents are paying for pretty much all the wedding expenses, including the dress. I wanted to pay for the dress myself but my mom wanted to do it as a gift. My fiance is offering to pay for any extras or gaps that my parents might not be able to cover, but I’d rather him save that money to put towards for our future downpayment on a house.

Post # 12
Member
333 posts
Helper bee
  • Wedding: October 2011

My mother gave me a thousand dollars to plan our wedding. This was to include: the dress, the location and reception, the food, the cake, the chair rental, limo rental, guestbook (a tree trunk slab), dj, and acohol!

The Fiance and I paid for the flowers, asile decor, ulter decor, reception decor, invitations, save the dates, wedding favors, and a piece of each of the flower girls and ring bearers outfit!

Post # 13
Member
4 posts
Wannabee
  • Wedding: October 2013

We’ve been together for 7 years now, but we had everything joint from about the 2 year mark, since we always just used to take each others eftpos cards anyways.

 

I’m very lucky, even though I have always earnt quite a lot less, and been working part time, our money has always been “ours”. Although I pretty much run all the finances we both have the same amount of access to it =)

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