(Closed) Who handles the finances?

posted 7 years ago in Money
Post # 3
2450 posts
Buzzing bee
  • Wedding: October 2012

We split the bills, but generally I am in charge of where any extra money goes. Right now, I’m taking most of it and shoving it into savings. Then… once a month, I give him an update on where we are with saving for the wedding. 

Post # 4
14660 posts
Honey Beekeeper
  • Wedding: June 2011

We dont really have a budget or worry about over spending.  But just because I’m a control freak, I track all of our spending just to see where our money goes.  We have access to view all our accounts so we both know what we have any given day.

Post # 5
2422 posts
Buzzing bee

Although the money comes from the same account, we split the bills. Darling Husband handles certain bills (his car, his student loans, utilities, car/renters insurance, rent) while I handle the rest (my student loans, cable/internet). 

We started this system before we got married and just kept it up. As I said, the money all comes from the same place but we’re just both used to taking care of those certain bills. I have complete trust that he’ll pay “his” bills on time. We’re both responsible about that.

I’ve kind of taken it upon myself to decide how much we should save per month and how much money we should pay above our minimums for his car and our student loans. But we make the ultimate decisions together.


Post # 6
3344 posts
Sugar bee
  • Wedding: August 2010

We both pay bills, but I keep a closer eye on our checking account.  I’m usually the one to catch overdrafts so we don’t get charged.

Post # 7
1527 posts
Bumble bee

Oh my gosh I’d be so upset if he got a bunch of overdraft fees!!!

We do our finances seperate. Eventually we’ll probably have a mutual account we can put money into and have a little money to ourselves, to simplify bill paying. If it was up to one of us, it would probably be me. I already remember to pay bills like satellite that are in his name…I just ask if he has the money in his account for it and then go pay it online so it’s not overdue.

He’s notorious for waiting until they call him complaining his bill is late to pay it.

Post # 8
2584 posts
Sugar bee
  • Wedding: June 2012

Right now we pay our own bills, but once we get married and combine everything I’ll probably be the one paying bills. I trust him, I know he’s good about his bills, but I (like @pinkshoes:) like to know where all the money goes.

Post # 9
1697 posts
Bumble bee
  • Wedding: June 2012

we start combining our finances this month eee! I am a control freak. I am a SAVER!!! he isn’t a spender but he isnt really a saver. we go through bills together and will try to have 3 accts. a joint savings a joint checking and two personal checking acct. the personal accts will have 150 in it each month, we cant spend more than that on gum, coffee, lunches etc. if we dont spend our allowance we agreed to put it into our joint savings til the wedding but after that we will just let it roll over to the next month. i told him I want to put his ENTIRE paycheck into savings plus 3K of mine once he gets a job. save save save baby!! we live cheap and are great at it!

Post # 10
7587 posts
Bumble Beekeeper
  • Wedding: December 2010

I handle all of our finances Darling Husband has no idea how much money we have or where it is. He just knows that his debit card works and his credit is good lol


Post # 11
18637 posts
Honey Beekeeper
  • Wedding: June 2009

I keep track of everything!

Post # 12
893 posts
Busy bee
  • Wedding: May 2013

@soon2bS:  We handle our own finances, but I do both our tax returns.  Also, we ask each other for each other’s opinions whenever we buy a big ticket item like a laptop, etc.

Post # 13
2891 posts
Sugar bee
  • Wedding: July 2013

Fiance takes care of all the bills. I run any big purchase by him but he isn’t at all controlling or overly worried about what I spend. He handles the headache. Pays down our debt (ie student loans etc) and keeps us on track for our wedding. I am glad not to do it. My idea of money management is to make more than you pay out and stuff all money into checking without keeping track. Last time I closed out my account I had $6,000 I didn’t know was there LOL.

Post # 14
592 posts
Busy bee
  • Wedding: June 2012

He makes the money – I spend it 🙂 Kidding (sort of)

I handle paying most of the bills and just keeping track of our finances. I would trust him to do it, but I know he doesn’t want to and he’d rather I keep doing it. I just keep him up to date about things. It works for us, except I hate paying bills, but oh well, it’s just part of being an adult – right?

Post # 15
85 posts
Worker bee
  • Wedding: August 2011

We have joint accounts, and we don’t keep track of who’s paycheck goes toward what (we both pool our money and just pay from the joint account). I handle all of the bills and tracking spending (mint.com – so easy!). Darling Husband works offshore on an oil rig, so it would be too difficult for him to deal with the bills, and I’m definitely the more organized one when it comes to dealing with the money. We don’t follow a certain budget, but we’re just generally trying to save money by cutting unnecessary spending.

Post # 16
1577 posts
Bumble bee
  • Wedding: September 2012

We use a technique I learned from a financial friend:

We each have our own accounts, and share a joint account. With each paycheque, each of us transfers 75% of our earnings into the joint account.  The joint account is used to pay household bills: utilities, mortgage, insurance, groceries (mostly by direct debit). Any accumulation is savings.

Then, we each have 25% of our income to spend or save, on our personal expenses (cell phone, clothes, credit card).  

The equality of a joint account; but the independence of being able to buy things for ourselves (or surprise and “treat” each other).

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