How do you and your husband "do " your bills and money? Do you split the bills 50/50 or does one pay

Question

all the bills and the other buy food or what?

Answer 1

ALL of our money goes into one bank account and the bills are paid from there. Marriage is a commitment to each other. Everything I have is his and everything he has is mine and everything we have is to support our family.
If he makes a stupid purchase that affects our wellbeing as a family, we discuss it and it is returned or we suck it up together. Ditto for me.
We have been married almost 20 years, have 3 teenagers and are doing just fine. :)

Answer 2

It is suppose to be a fifty fifty thing, but it rarely works out that way. I've been married 17 years and I pay all the bills, do the shopping, etc. Our checks are done by direct deposit, we each get an allowance of $50 for the week for gas and miscellaneous, and then once a month, we sit down to balance the check book, check if there is enough money to pick up the bigger items that we need/want or divide the money up into five different accounts we keep. (School exp, automotive exp, medical exp, christmas club account, and vacation fund) I work from home so it's easier for me to stay on top of things. Communication is key. Alot of marriages end because of financial troubles. If you have a game plan, are both on the same page as far as the money coming in and what's being spent, it is one less thing to argue about.

Answer 3

It depends who has the time. When he was working and I was mostly a stay-at-home mom: I wrote the checks to pay the bills. I returned to full time employement. He retired before I did: So he took over the duty.

The most important thing was that bills not get lost and are paid on time. Before he took over, I kind of had to train him. Remind him to separate the bills from the regular mail, open the envelopes and put the bills in a rack near the kitchen telephone (visible when anyone walks near the phone) so they wouldn't be lost or over looked. Then as soon as he gets a chance, write the check and post them. We don't have any late bills.

He does all the banking and investing. Everything is shared/ including decisions how to spend. We have never fought over money.

Answer 4

All the money goes into the bank when we get paid and we write out all the checks for the bills then go get food and whatever else that need. We both have our own debit card so after everything is bought and paid the rest is there for whoever needs it. The only exception is the money I get for child support and this goes into a seperate account and is what use to go and get the kids what they need or to pay their medical bills and car insurance with and my hubby has no access to this account which is the way he wanted it.

Answer 5

We are on the same page when it comes to money.

We do not keep score or share things 50/50.

We both put in 100% of what we are and what we have and freely share it with one another.

Everything we make goes into one pot. Then we agree to take on certain spending habbits.

1. We pay ourselves first--a percentage goes to retirement funds and savings.

2. We pay our bills next--always on time

3. We do not purchase things over 100 bucks without consulting one another first.

4. We agree not to exceed a certain amount of personal spending each week. So we purchase lunches, coffee, haircuts, gas etc with a set amount each week. If we need more, we promise to discuss it with each other first. We must come to a 100% consensus before we spend.

5. We have the same financial philosophy--stay out of credit card debt, save up for major purchases--unless we can get the one-year same as cash deal (where we can borrow money for a specified amount without paying interest). We agree on how to use our savings.

6. We set aside some money for breathing room--where we can both have some freedom in what we spend. This is our reward only if we have no credit card bills or car payments. This means that we set aside 80 bucks a month for several months and then divide the money. We can spend it on anything we want--or save it for something special. We do not use that money for any bills.

7. We stick to our rules 100%.

There is trust in our relationship in which we value whatever we both bring to the marriage--whether it is money, talent, time, love, childrearing whatever.

So just as I may not make as much as my husband, I compensate with the talents and time I put into our home.

Answer 6

You don't split anything, we are "ONE" family.
ALL of our incomes go into theck checking account
with a percentage going to a savings account.

ALL the bills come out of that. If one or the other person
would like to buy something that isn't a "bill" and it costs
more than about $50 then we discuss it.

I manage the bills to make sure things get paid on time.
but I would let her do it if she wanted to.

Answer 7

We have the best system:
we have one "joint account" checking and savings. and we each have our own accounts......each payday we put 2/3 of our paychecks into the joint checking. the other 1/3 of the money is ours to keep.
Joint money is bills (medical, etc), car repairs/maintenance, utilities, household stuff, childcare, and groceries (everything from food to detergent and toothpaste). when the joint checking gets so high, we skim some off and it goes into joint savings. We keep the joint checking at a high minimum to cover any emergencies like when the water heater blew or when the fridge died. We had enough in there to just buy another one. Income tax goes into the joint savings as well. we each get $100 play money from the tax return. the rest goes into joint savings. that savings is for big purchases. one year it was a vacation, the next a big screen TV. We skipped last year, so we have even more saved.
The other 1/3 of the paychecks is ours to keep and do whatever we want with. gas for cars, dinners out, whatever we want to buy ourselves. We each have our own checking accounts for spending money....eBay, paypal. things like that. he is really into computers. I love clothes. But that all comes out of our pocket money. That way we never fight about money. if he wants a $500 computer upgrade, I don't care. and if I want a $100 purse, he does not care. we each have our own money to play with, but a rock solid joint account to fuel the household with. We put away enough to cover bills and make sure the bills are low enough to be paid by what we put away.

Insurance we split. I carry vision and dental (my job had great plans cheap) he carries health insurance for us (free coverage, but the vision and dental sucked). We both have 401K taken right out of our paychecks.

It really is a "perfect" system because we have the independence of our own money, but we have the joined money you need in a marriage. 7 years and 1 child and we have never once fought about money......we must be doing something right.

Answer 8

I have always budgeted the money in my household. My money is for food and going on vacations, and having fun. if we need it for the household then of course that's where it will go. My husbands money paid the bills and we also took enough for lunch, gas and whatever else we need during the week. if we ran short we have my money to rely on..We started this in 1960 and now retired we take our allowance each week, Never fought about money. and had 3 children to raise with our pay.

Answer 9

It's only fair that the spouse who earns the most money also takes on the greater share of the mutual bills. This is accomplished by a weighted system.

Answer 10

money goes into a joint savings or checking and the bills are paid from there. keep an eye on things...you do want to know where your money is being spent. don't forget to pay yourself first, before any bills.... like save some money.