I handle the money as my DH gets so anxious about this sort of thing. He jokes if he handled the money we'd live in the cheapest place possible. Its true he gets anxious, i mentioned in passing that I might start budgeting us tighter in preparation for when we get out mortgage and he freaked out that he was spending too much money. He spends nothing
I have a spreadsheet which works out how much per fortnight needs to go towards all our bills. My pay all goes to our joint bills. When DH gets paid in his separate account, i log on then transfer some more money into our bills account, pay off the credit card and then some into our joint savings accounts (house deposit, car residual, holidays and rainy day) and 50 into my separate accoun5 for coffee/lunches etx. The rest is groceries, fuel for our second car as our main car is salary sacrificed and it comes out of DH's pay automatically and extras. Complicated and we'll have to consolidate once we get a home loan but its working for now
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09-02-2016 17:45 #31
Last edited by smallpotatoes; 09-02-2016 at 19:38.
09-02-2016 18:04 #32
Last edited by LoveLivesHere; 09-02-2016 at 18:12.
09-02-2016 18:16 #33
09-02-2016 18:35 #34Senior Member
- Join Date
- Mar 2015
For our family we have a mortgage offset where most of our money goes. DH has a visa debit off his account that we both use. We also have our 'own' money in our own accounts when we get paid.
We both pay bills (whoever has time etc) and we always talk about and agree on big/most purchases.
We are both on the same page atm when it comes to finances and what we want (thankfully - DH used to spend lots more before he met me. Then I convinced him that paying off HECS/car loan early was better than just spending money on... random stuff)
09-02-2016 19:01 #35
We have joint accounts that our pays go into. I transfer x amount to an offset account for direct debits to come out of and the mortgage is topped up from our pays as we both salary package. I pay the utility bills online. We always discuss big purchases. I take x amount out of the bank after shopping to last the fortnight. Dh's 4wd needs new tires before our trip to the city in May and we are paying off our boat cruise for next year so trying to stick to a strict budget these next few months.
09-02-2016 19:15 #36Senior Member
- Join Date
- Jul 2015
DP and I pay 50/50 rent, bills & baby medical expenses (pregnant atm).
She pays her mortgage herself and associated expenses for it. She had her own investment property before we got together.
We transfer X amount into the joint account for bills to direct debit. Otherwise everything comes from separate accounts and we balance it out between us. Ie DP pays for a grocery shop, I pay the next.
09-02-2016 19:22 #37Senior Member
- Join Date
- Jul 2010
I handle all money. dh gets $200 a fortnight to do whatever with. That's not inc fuel just take away or going out with friends type spending money.
I spend whatever I want though. Poor dh haha but he is happy with it like that most of the time. Sometimes he needs more spending money and that's fine. It's just a guide as the rest we put to bills and savings. So would just mean less savings that week.
I'm lucky he doesn't care too much in handling it because I couldn't handle not handling the finances!
09-02-2016 19:25 #38
How do you handle your money?
We use DP's pay for everything (her car, our insurances, bills, groceries etc) except for the house and my car - they are covered in my pay. The rest of my pay goes into a joint savings account which we use for IVF these days. We have no other reason to touch it so if do ever take money out of it we consult each other. We lose bonus interest on that account so we try to avoid it!
09-02-2016 19:28 #39
Hubby handles the money. We have a spreadsheet of our income and outgoings (and when they all happen) so we know exactly what we should have and what we need to cover us. We have a savings account set up for DD, a savings account for us, a clothes account for DD, each our own separate account and an expenses account. All of those have a set amount going in daily/weekly/fortnightly and our main account that wages go in to has direct debits set up for all our bills and DDs activities. The expenses account is used for anything that isn't a bill or petrol so if we want a takeaway or something we need to make sure we have enough in the expenses to cover it. We both get $45 a week in our separate accounts and that is to spend on ourselves/presents for each other. The clothes account for DD covers any clothes I need to buy her/material to make them.
09-02-2016 21:14 #40
I do it all, it can actually take a bit of work. I've got everything set on direct debit and I like to pay stuff fortnightly or monthly if i can, so we're always in credit for electricity etc. We're savers (well aim to be!) and since we had our DS and went down to mat leave/1.5 income i keep a pretty strict budget. We were spending too much just by not planning. A lot is saved to offset mortgage every month, I'm a planner so i put money away for Christmas, holidays, flights, presents etc as well as unforeseen expanses, kids bank accounts etc.
My partner never see's a bill! He just knows car is always registered, rates are paid, there is always money set aside for Christmas and birthday parties. We talk about big purchases.
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