Any married couples split all expenses 50/50?

[stinkerbelle]

I think whatever works best for the couple is fine...and no one should judge it.

I've been judged HARSHLY by a coworker on how MY DH and I work our finances...what of any concern is it to her?

 

[MosMom]

There is actually a better way to do it by figuring 50% comparative to income. 50/50 only works if you both make the same amount. Suze Orman explained how to do it one night on her show and it made total sense I just can't remember exactly how to do it. If I actually wanted to engage my brain and figure it out I probably could...however, that isn't happening today.

 

[Michie]

I think whatever works best for the couple is fine...and no one should judge it.

I've been judged HARSHLY by a coworker on how MY DH and I work our finances...what of any concern is it to her?

Amen Stinker

 

[katerkat]

We think "he makes it, I spend it" is the best for us.

 

[NMAmy]

All ours goes into one pot and then I take care of it after that. Like Michie, my husband hasn't written a check or paid a bill in years. He much prefers it that way and so do I. I'm a saver so when I squirrel big bucks away--he thinks that's swell.

 

[chrissyk]

DH used to work with a guy WITH children who did this with his wife. We referred to them as "his money/her money". The funniest part was that we all lived in MA, which is a 50/50 community property state if you get divorced. It doesn't matter whose money it is in that case

FWIW, we've had 1 checking account that all of our $$ gets deposited into since we were engaged. No his money/her money here! If I can ever talk my DH into being a SAHD someday in the future, my salary will STILL be OUR money, as well it should be. That's part of being MARRIED in my book.

 

[chrissyk]

My DH hasn't paid a bill in 20 years.

seriously we have all joint accounts. I have everything on autopay in case something happens to me the lights wont be turned off

LMAO!! I did the same thing with the autopay for the exact same reason

 

[WDWMom]

We throw it all into a pot and hope for the best

Yep, that's us

 

[jimmalru80]

It all goes into the same account for us.

 

[Conversationist]

If the wife or husband does not make the same amount of money- a ratio is determined for those regular ongoing expenses.

The "your money is my money throw it all it one account" system is what gets most relationships in trouble!

 

[Crankyshank]

If the wife or husband does not make the same amount of money- a ratio is determined for those regular ongoing expenses.

The "your money is my money throw it all it one account" system is what gets most relationships in trouble!

And where is the statistical evidence to back this claim up?

 

[Shugardrawers]

What's mine is his and what's his is mine. That's no great prize for either of us though
We didn't go into this thinking of yours and mine but as ours. WE have worked for everything we have, though when I work his income is significantly more than mine and often I don't work due to health issues. So in a 50/50 situation that leaves me with what? No home? No food? No gas? Even if the situation were reversed, I'd never dream of presenting him with a bill and telling him he "owed" me money. That's not a marriage that's a room mate with benefits!

 

[katerkat]

If the wife or husband does not make the same amount of money- a ratio is determined for those regular ongoing expenses.

The "your money is my money throw it all it one account" system is what gets most relationships in trouble!

Nah, we like sharing.

 

[DVCJEN]

And where is the statistical evidence to back this claim up?

When I married my husband it was because we loved each other and were committd to sharing our lives. For us that also means everything is "ours" not his or mine. Our bills, our home, our luxury items, our problems, our happiness. Dividing everything, to me, would be like just having a roommate.
But every marriage is different and what works for us may not work for others and vice versa.

 

[caitycaity]

The "your money is my money throw it all it one account" system is what gets most relationships in trouble!

wel, if you live in a community property state, it doesn't really matter what you do. the law sees it as 50-50 regardless of the ratio.

 

[jodifla]

Separate accounts has worked for us for years. We've combined now only because I haven't started working since our move a few months ago.

But once I have a steady income coming in, I'll get my own account, and we'll divvy up the bills.

Most of my friends take this approach, too. Saves a lot of arguments about money, and I like having my very own money to spend. And when DH spends some amount on fishing gear, or fancy clothes, or whatever, I know it came out of his spending account, so I don't get resentful.

 

[Crankyshank]

When I married my husband it was because we loved each other and were committd to sharing our lives. For us that also means everything is "ours" not his or mine. Our bills, our home, our luxury items, our problems, our happiness. Dividing everything, to me, would be like just having a roommate.
But every marriage is different and what works for us may not work for others and vice versa.

I'm not sure why I was quoted with this response. I was responding to Conversationist's claim that joint accounts cause a marriage to fall apart
I am of the belief of whatever works for you is great and doesn't mean it's going to work for anyone else.

 

[cats7494]

We have all our money go together.
We each have money budgeted to be our "spending money" for that pay period and all the rest goes to our bills or savings. Works for us...
If there is a large expense coming up - we plan for it together.
Sure we disagree sometimes on budgeting - but for the most part - we are cool with it.

 

[Miss Jasmine]

All our money goes into joint accounts (checking, savings, CD). I do draw out money for my own IRA. I don't think we have EVER fought about money.

I handle the finances and we at least inform and sometimes discuss all purchases (like I'll say hey I am going clothes shopping, what can he say, he has no clue how much is in our accounts. ).

 

[Serena]

I am of the belief of whatever works for you is great and doesn't mean it's going to work for anyone else.

Exactly!

It doesn't matter what system you use, as long as it works for you.

Money is a big issue, and if you have different beliefs and ways of dealing with it, then there will be problems, if you don't come to some sort of arrangement.

But honesty and communication is the backbone of any part of the relationship, and that goes double for money issues.