Joint Account

msm722 said:
Do you earn similar amounts? I can only see this working if you do. As mentioned above, in my situation, my missus would be short for money while I would be minted.
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I earn a fair bit more but it works nicely because we are living to our means. I can see the problem if one partner was earning a low wage though (<15k)
 
msm722 said:
Do you earn similar amounts? I can only see this working if you do. As mentioned above, in my situation, my missus would be short for money while I would be minted.
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If you earn different amounts you just make it so that the amount each person has left each month is the same. So if I earned £2,000 and my wife earned £1,500 and our outgoings were £2,000 then she would pay in £750 and I would pay in £1,250 leaving us both with £750 a month.

britboy4321 said:
'I trust you to love me forever, to not cheat on me, and I commit my life to you, in fact I trust you with the most important thing I have -- bearing and raising my children and owning my heart. But I don't trust you with my money - screw that .. do you think I'm mental? Make your own darn money - and no .. I don't care if your standard of life is worse than mine .. if you can't afford something you want -- tough luck .. get a better job or wait until Christmas and you may get lucky .. lol.'.

I mean -- seriously .. WTF?? Bizarre way to want to live and run a relationship ... money just isn't that important .. stop being so darn *****!
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It isn't really like that for us at all. The reason we still have seperate accounts for ourselves is so we don't feel guilty about spending each others money. I would be paranoid about buying anything as it might leave her short and vice versa.
 
RDM said:
If you earn different amounts you just make it so that the amount each person has left each month is the same. So if I earned £2,000 and my wife earned £1,500 and our outgoings were £2,000 then she would pay in £750 and I would pay in £1,250 leaving us both with £750 a month.
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Agreed. I wonder if anyone sticks with the 50/50 split for bills despite earning different amounts?
 
RDM said:
If you earn different amounts you just make it so that the amount each person has left each month is the same. So if I earned £2,000 and my wife earned £1,500 and our outgoings were £2,000 then she would pay in £750 and I would pay in £1,250 leaving us both with £750 a month.



It isn't really like that for us at all. The reason we still have seperate accounts for ourselves is so we don't feel guilty about spending each others money. I would be paranoid about buying anything as it might leave her short and vice versa.
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OK well your £750 and £1250 example makes 100% sense and I think thats absolutely fine then. Your system is one I would certainly consider strongly as effectively you both end at the same you haven't got 1 person who can't afford to live the lifestyle the other does, within a marriage (if you get me).
 
I guess it depends on the difference of income. It wouldn't be nice if you could afford to splash out on new toys while your missus wasn't able to treat herself.
 
We have 2 joint accounts, the first is for all wages etc to be paid into and the second is for whatevers left to be transfered into after the 3rd of each month and thats what we live off.

Its a win win situation, no loaning each other money etc, when one of us is skint so is the other lol.
 
L0rdMike said:
Will never use a joint account ever.
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Time to get out the calculator again .. The electricity bill is £87.59 - she's in the house for 12 hours a day using leccy, you just 7. But your PC has a 850 watt powersupply. She owes you £2.98 but spent £38.76 on the kids school uniforms - but for just one of the kids you arn't the father .. and don't forget the £65.21 food bill by the way .. and the fact 'her' kid eats more than your 'shared' kids so that should be factored in ..

Enjoy the math -- see you again next month ...
 
britboy4321 said:
Time to get out the calculator again .. The electricity bill is £87.59 - she's in the house for 12 hours a day using leccy, you just 7. But your PC has a 850 watt powersupply. She owes you £2.98 but spent £38.76 on the kids school uniforms - but for just one of the kids you arn't the father .. and don't forget the £65.21 food bill by the way .. and the fact 'her' kid eats more than your 'shared' kids so that should be factored in ..

Enjoy the math -- see you again next month ...
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There is no "her" kids or "your" kids when married. Just kids! Other than that you post makes sense. Who wants to keep juggling who has paid for what and who owes who what. Nightmare.
 
britboy4321 said:
Time to get out the calculator again .. The electricity bill is £87.59 - she's in the house for 12 hours a day using leccy, you just 7. But your PC has a 850 watt powersupply. She owes you £2.98 but spent £38.76 on the kids school uniforms - but for just one of the kids you arn't the father .. and don't forget the £65.21 food bill by the way .. and the fact 'her' kid eats more than your 'shared' kids so that should be factored in ..

Enjoy the math -- see you again next month ...
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Get a grip. Having seperate accounts doesn't mean being totally financially independent and arguing over every penny. Sometimes I pay for stuff, sometimes the Mrs does. No-one is keeping score.
 
britboy4321 said:
I trust you to bear my children, but keep your stinking hands off my money ..? And yes, Mrs EVH -- if you lose your job YOU have to live like a pauper whilst I buy whatever I want .. Bwahahahaaaa??
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Don't be ridiculous. If my wife and I have joint and separate accounts and when she goes onto statutory maternity pay I will support her, just as she supported me when I did another degree.
 
I can see what Britboy means, he's not saying that's how it is but that he has seen couples who get in to that state of affairs with their partner.

I think if you get like that you aren't in a very stable relationship or you are both complete tight arses. Being married/partner/etc is about being a team and sharing the responsibility/good times/bad times.

If you are quibbling over who owes who £3.46 from last nights shopping then you might as well give up.

Everyone is different, most of us here seem to be happy in the way we do things with our partners and that's all that matters. Everyone has a different system!
 
Knubje said:
If you are quibbling over who owes who £3.46 from last nights shopping then you might as well give up.
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Actually I do know some friends who are like this, except that they don't quibble; they know who owes what and just half bills like electricity and water. It works for them.

It wouldn't work for me, but that's fine.
 
britboy4321 said:
I trust you to bear my children, but keep your stinking hands off my money ..? And yes, Mrs EVH -- if you lose your job YOU have to live like a pauper whilst I buy whatever I want .. Bwahahahaaaa??
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We both pay equal amounts in to the joint account every month, to pay bills.

Any remaining money left in our personal account after the bills are paid is ours to spend how we want.

Obviously if she / I lost a job then we'd cancel that arrangement :o
 
The gf want's to get a joint account if we move in together, not my style really. I would be happy with splitting the bills 50/50 as that's only fair, it's just she has a problem how the rest is spent, she wan't the whole lot pooled, I wan't seperate accounts, I'd be happy to save some, because she mention's what if we want to go on holiday, need to pay for something for the house i.e. not just monthly bills, then again it's only fair to pay some.

I just don't like the idea of my money being under someone else's control, my money which the way I look at it, is equatable to my life, as I use up my time in this world to earn it, so I should have the say where it goes.
 
Mucky_Pup said:
The gf want's to get a joint account if we move in together, not my style really. I would be happy with splitting the bills 50/50 as that's only fair, it's just she has a problem how the rest is spent, she wan't the whole lot pooled, I wan't seperate accounts, I'd be happy to save some, because she mention's what if we want to go on holiday, need to pay for something for the house i.e. not just monthly bills, then again it's only fair to pay some.

I just don't like the idea of my money being under someone else's control, my money which the way I look at it, is equatable to my life, as I use up my time in this world to earn it, so I should have the say where it goes.
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If you split it 50/50 -- although it initially sounds fair .. if you're on different wages it actually is not.

As in, she could be spending 4% of her wages on the bills, whilst you spend 50% of your wage on them.

Your system is the same as saying 'every single person in the UK should pay exactly £400 tax a month'. I bet the person who earns the most between you suggested the system!!! :)
 
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