Post # 1
Just curious how you guys handle your daily finances…bill paying, check cashing, budget blanacing.
I think it’s pretty common for the woman to handle most of the bookkeeping in a household–but in my house my dad was an accountant, so he handled it all (and my mom was very grateful for it!)
I’m the money-minded one at our house. Hubby has no interest in worrying about account balances, online banking, bill pay, direct deposit, etc. He just wants me to tell him where things are at, and we discuss the big things.
I know a lot of couples nowadays handle their money more separately. So I’m wondering who handles the day to day bookkeeping? Do you split it up? one handle more than the other? Do neither of your worry about (set up online bill pay and stay hands off?) Maybe you handle money separately if you live together pre-marriage, but it will change afterwards? please share!
Post # 3
I am the money mind too. We have all joint accounts and I know all of the account passwords for everything. He knows some but he can’t always remember so he has to ask me sometimes.
Post # 4
We having everything jointly, and my husband handles all the finances for our household. He pays all the bills, watches the budget, and even regularly checks progress on our long-term investments and debts. I prefer it this way. 🙂 Honestly, he keeps me well-informed about what’s going on, but he’s really just more responsible with money than I am. I am in charge of the dogs (vet/grooming appointments, new toys/ food, etc…), the social calendar, and I take on a lot of the responsibility of household chores (except for grocery shopping and meal planning), which are all things I’m a lot better at.
Post # 5
I am pretty sure it will be me just because M has forgotten things a few times (eh-heh) and it drives me crazy and stresses me out.
Post # 6
We pay everything jointly, but I take care of the mortgage and he takes care of all the other bills.
He does so much around the house, it makes me teary to think about it… but I think I’m more in charge of the social stuff day to day. (I have to be pretty organized to keep track of my many job responsibilities etc). And I love to cook for us!
Post # 7
@LatteLove: My dad is an accountant too so I grew up with the man of the house doing the finances!
I always thought I would put my husband in charge, but I’m having a hard time relinquishing control!
Post # 8
I will be incharge of it all. Anyway, he says once we’re married he hopes to never deal with another bill again. That’s fine by me, just hand over the paycheque! lol
His only request is that he gets a weekly “allowance” essentially to play around with. That was his idea, not mine… it’s his money too! As long as he respects the budget, I don’t care if he spends money! He works hard for it. 🙂
Post # 9
@RececssionistaBride: my husband calls our fun money his “allowance”. It’s so funny! he asks if he mows the lawn and take out the garbage if he gets his allowance (just joking of course!)
Right now we have pretty limited discretionary income because he’s in school full time and I’m working, but we do have a little money to spend for ourselves.
Post # 10
We split everything pretty evenly. We lived together before we got married, so for the most part, everything is still set up the same way. We’re each responsible for making sure our portions of joint bills are in the joint account for payments. We each take care of our own individual credit cards and accounts on our own. He deals with the insurance, but that’s because it’s through his job.
Post # 11
I had a hard time picking which one to vote on because our situation doesn’t really fit. We’ve been living together for a year and I really don’t see the money changing after we say “I do”.
He pays all the household bills, mortgage, utilities, ect. He also pays his own car payment and insurance.
I pay my own car payment and insurance and for my daughter’s needs. I also pay him $500 a month in “rent.”
The combined things: I buy all the groceries and he pays all the checks when we go out to eat.
At some point between now and I Do I may stop calling it rent, but I doubt much else wil change with the arrangement.
Post # 12
I do all the bookkeeping 🙂
Post # 13
I do….mortgage, bills, etc, because I’m the one with the paycheck. He’s been grabbing groceries lately though. But, the bills all come to me because they were all in my name when he was deployed. As soon as he gets a job and a paycheck, we’re setting up a joint account.
Post # 14
I keep an eye on it, but we make most transactions and budgeting together. We have a joint account and seperate accounts as well, but we both have access to view each other’s accounts- it’s just easier that way.
Being broke means there is nothing to hide. 🙂
Post # 15
Social calendar! It is so funny how much busier your life gets when you get engaged/married. There are at least twice the functions to keep track of. I think back to when I was single and I had no calendar. My plans were constantly up in the air and being made last minute. Now we have to coordinate everything, but I love it!
Right now we split things evenly, but once we get married our finances will be combined and I’m assuming I will be the one to manage the day-to-day. Fiance has a finance degree, so he’s going to invest our money, but I will still have some oversight to that.
Post # 16
He deals with pretty much everything, the only things I am responsible for is paying my credit card. Which is good, because I am terrible about remembering to pay things on time! He usually says something to me about it at the end of the month, and I just pay it when he reminds me! He’s very open about everything, lets me know when he’s paying each bill etc, and I do check the accounts online, so we’re open about our finances, he just does the bill pay. He was a finance major, so I let him handle the retirement stuff too.