If you are in a relationship, who does all the bill paying?

Question

Not who makes the money but who keeps track of all household finances?
Men f your wife/gf does all the household finances do you have a problem wth that or do you prefer it?

Answer 1

We share this responsibilty. Both hubby and I have our own checking and savings accounts.

He pays the house payment, utilities, his car payment, satellite bill, and insurance.
I pay the equity line of credit, my car payment, groceries, and the loan on our second property. I'm also responsible for the "nest egg."

We are each responsible for our own credit cards, but if either of us needs "help," the other will transfer funds into that person's account.

We track all of our accounts in Quicken and each balance our own books.

Answer 2

It depends on the relationship and the people in it. Me doing the bill thing works for me and my husband (and that's what my husband prefers).
I know lots of husbands who do it there selves (and they prefer that).
I know people who sit down and do it together a couple times a month.
I know couples where either the husband or wife just gets a set 'allowance' and that's all they have to do with the spending aspect of the money. All these people think what they do works the best.

Answer 3

I think whoever has the most time on their hands should pay the bills. The person who has the most busiest schedule shouldn't have that responsibility because you will take a chance of being late on your bills unless they're a good multitasker. I always make sure the rent and credit cards get paid on time before any other bill.

Answer 4

The person who is good at it should be the one to do it..
That person should be honest, able and willing to take care of paying the bills.
Though I think each person should have some of their own bills to pay on their own. This teaches a little independence for both people.

I pay the bills, because I prefer to do it. I know what Im doing, and I keep good track of my money. I work full time and make most of the money.

Infact I have my man give me a lump sum twice per month, for his share of the bills. (I give him an itemized statement of costs)
That way its fair and we have our own money in our own accounts.

FYI: My best advice to couples is to never share a bank account.
When it goes bad, you could potentially go broke.

Answer 5

I have been married for about 13 years. I am a stay home mom. My husband pays all the big ticket items like the mortgage and tuition for our kids' private school, etc. I, using the monthly housekeeping allowance he puts in my account, pay the monthly utility type bills mostly because when we got married he moved in with me, so the bills have always stayed in my name, plus I have more time for that kind of stuff. I also like doing it--since I pay the bills, I don't have to answer to him about how much electricity or water we use, etc.

Answer 6

I do most of the finances. My wife had originally been doing it but she kept on paying late and incurring charges, or putting it off altogether. Since we had the money, I told her she's not helping one bit paying late and paying early doesn't actually cost more. I would have preferred it if she had taken over since I am stressed at work, but it didn't work out that way. Now we have most on autopay from a separate account, so now neither of us do it.

Answer 7

My husband and I share. He works full time, I take care of our son at home. I pay the bills that I can online, and if the power is due he takes that. We both take rent into the office. He doesn't have a problem with it, even when I was the one who had a job and he was still searching. He's very secure in our relationship

Answer 8

Wren we were both working, my husband made more money. We have a "household" checking account for bills that we each contribute to, proportional to our income. I pay the bills. We have spending money built into our budget, and since each of us has an individual checking account, we have a degree of financial privacy, too. This system works really well for us.

Answer 9

I'm the wife and I do all the bill paying and my hubby loves it! He doesn't have to worry about it. I think whoever can manage it better should do it. My hubby can definatly not keep up with reciepts or when bills are due! But I don't mind doing it cuz I like to be in control.

Answer 10

I do all the bill paying in our relationship. My husband works full time with quite a bit of overtime and I stay at home and educate our children, so I handle the bills while I'm at it.