Who Budgets the Money In The House? You or your Partner?

Philippines
January 24, 2009 7:37am CST
We are suffering from recession right now. We should be very careful with our budget. We should not buy things which is not needed in our house or in our daily needs. i am just being curious who budgets the money, you or your partner?With me, I and my partner, we both have money. We have a give and take relationship. Anyone can budget the money. But we consult or ask opinions of each other if we are going to buy something. We list all the bills that we need to settle. We also list all the things we need.We calculate the number of products were going to buy for one full month. So far, we have been very successful in this process. No one gets any problems. With this kind, it avoid quarrels and misunderstanding. What about you, who budgets your money?You or your partner?
7 people like this
42 responses
@soulist (2985)
• United States
24 Jan 09
The budget is made by both me and my partner. He and I both have a job and we both agree that our relationship is more than spending time together and we need to save up to get our own place and get married. So the budget is a mutual decision we both want certain things and have our own bills like ihave student loans that I don't think he should have to pay you know. SO we work together which I think is key for a healthy relationship.
• India
24 Jan 09
A very gud relationship is maintained by you. Keep going. Don't you ever face any problems in maintaining your own bills. In my opinion, one has to really take the responsibility over the other when the budget is out of control. I think this case may occur in your case too. So what do u think about this case
• United States
24 Jan 09
i do, my hubby cannot handle money at all. He is no good at money he thinks he has to spend it if he has it and not worry about bills or anything.
• Philippines
24 Jan 09
we guys are not good in budgeting so most of the time, girls do the budgetting.lol
@ryzach (1544)
• United States
24 Jan 09
In our household we are both wage earners and we have certain bills each of us pays for so we both have to budget in order to meet our obligations. When my husband is a little short on his part of the bills I will bail him out and the same for me, he will help me out as well. My husband just got laid off this past week so we have to budget super big time. We have a couple months for the money to last so hopefully he will a job really soon.
• Philippines
24 Jan 09
Good to hear from you that you and your partner has coordination. that is a good help to your relationship. keep it up!!happy mylotting!!
@eagle_f15 (1827)
• Malaysia
24 Jan 09
Both my husband and I budgets the money in the house but mostly my husband will be the one reminding me not to spend too much as sometime I tend to buy some extra stuff. But on the whole both of us budget. We have also manage to pay up all our bills when due and never owe the bank or anyone. We have only our God to thank for watching over us and providing for all our needs.
• Philippines
24 Jan 09
Working hand on hand will have a fruitful relationship. keep it up. thanks for your response to my discussion.
@moneymaya (901)
• India
24 Jan 09
my partner ,its not my life partner but its room partner LOLs , since we are just living on rent house and there are 4 persons we are living together and doing job with studies so every body has one resposiblity thanks for sharing
• Philippines
24 Jan 09
Okay, that was so funny. so you are just like in a boarding house?are your board mates responsible for paying their own bills?
@iamsolucky (1241)
• Philippines
24 Jan 09
Im still single and im the main breadwinner, so i budget the money for the house. Though its hard, i still try to manage it. i regularly receive salary every 15th and 30th of the month, there are bills to pay in 15th and there are bills to pay on the 30th too. I always give money to my mother for buying groceries,and sometimes i will give money to father if he needs it for his gardening (he grows vegetables and sell it). I join in mylot to have additional earnings and i hope this will help me. Its really hard to manage finances now. Oh god help me, i am really fighting this stress.
• Philippines
24 Jan 09
Don't you have any plans yet to get married. you already have a stable job. what can you ask for?thank you for your wonderful response.
@tammytwo (4298)
• United States
28 Jan 09
I deal with all of the money in the house. My husband never knows anything about the bank account and he doesn't want to. He prefers to be clueless as to whether we have money in the bank or not. Some days I wish I could be the one that doesn't have to deal with it. Things are so tight right now and I am trying to pay off all of our small debt by the end of the year. There are many nights I don't get much sleep because I am worrying about the bills. He has no clue which makes it easier for him to just go to work and make the money. He does make a majority of the money in our house but it seems because I pay the bills that I get to spend it all. But that definitely isn't the case at all. I am trying really hard to cut back on anything that isn't necessary but it has been difficult because our kids are involved in sports and we have very busy schedules. Even through that we don't find ourselves eating out too often, which is great and helps the budget. Now we just need to cut the spending on the electric and gas as well as the water bill.
@muru1950 (963)
• India
26 Jan 09
Hi rberon, Your policy is very good. In my home,I am the only salary earner.But still I will consult my wife and make the budget. I may be a manager in bank,but for home she is the manager. Whoever makes the budget,what is important is to live with in means. That is like the government we should not make a deficit budget. And one more important thing in a budget is savings ! If you don't save now,you will suffer later,when you have to meet some heavy expenditures. Save today.Smile tomorrow. Happy mylotting.
@moondancer (7433)
• United States
26 Jan 09
I do all of the bills and handling the money that goes to our bank account twice a month. But my husband also has his checks that go to his card and he handles that money. It is for his expenses when he is working, for hotels, food, gas and other things he wants or needs. I pay all of the bills and handle everything that comes into the home for anything.
@palonghorn (5479)
• United States
24 Jan 09
We each budget our own money. We have seperate accounts, but we each pay part of the bills. So, when payday comes we each know what bills we have to pay, and what spendable money we have for extra items. I normally budget my money to pay the bills first, then any needed items, and then what will go into savings. Then from the balance I know what I can spend for 'extras'. This has worked for 4 years, there are no arguments over the budgeting. And if I want to purchase something, then it's up to me if I have the money or will have to save for that purchase.
• Philippines
24 Jan 09
it is a good concept. it is good to hear that it has work for four years. it only means to say that your process is really effective. keep it up dude.
@sudalunts (5523)
• United States
27 Jan 09
I do the budgeting in my house. My husband is not good with the money at all. He has had his share of bounced checks, and overdraft fees. I rather handle the budgeting of the money. that way, I know that the bills that needs to be paid are paid. I asked my husband to pay a bill last month, he carried the bill around with him, and when I found out, the bill was already over due. I most definitely have to take care of the money, budget, bills etc.
@hdjohnson (2981)
• United States
27 Jan 09
My wife primarily budgets our household budget. She budgets money for both of us and we have a give an take relationship as well. We also talk regularly about purchases, or additional splurges. We continually review our regular bills and when we receive money from family members/friends we split it down the middle, and usually spend it on one another. We are approaching our 9th anniversary this coming Thursday. She is very wise and frugal like myself, I guess that's one of the many reasons why I love her and especially the fact that I am extremely glad she decided to accept my proposal for marriage.
@paula27661 (15811)
• Australia
26 Jan 09
It sounds like a great arrangement to do it together, that is what partnership is all about. In our house I am the one who drew the short straw and I hate it. We are going through a difficult financial period at the moment and everything has to accounted for including groceries. It is so stressful trying to make ends meet and I feel I am doing it on my own because, although we consult each other before spending he pretty much leaves it to me to sort out and doesn't really worry about it. Grrr!! I hate it!
@chris20 (109)
• Philippines
29 Jan 09
I always do the budgeting in our house. Unlike others, I usually think first before spending money. I make sure that I'll write all our household needs before we go to grocery. Aside from that, I also make a list for our income and our bills. I even allocate at least 20% of our earnings per month that we can use in case of emergency.
@Thoroughrob (11742)
• United States
25 Jan 09
I do unfortunately, it is really getting hard to do right now.
@silverjam (969)
• United States
25 Jan 09
Wow that was great! That sounds ideal budgeting. Well for us it's my husband who does the budgeting most of the time. For one thing, am quite new here and am not working legally yet so I have no regular job as of the moment. He has the money so I just let him do the budgeting as he knows most of the expenses as well. However, he is consulting me if he want to spend on something and asking me what to buy for the house; I usually do the planning for the food and house shopping. In this, I was the one planning what to buy for the week and how much alloted for each items. Am trying to trim down expenses now by buying things from the thrift store or sale items in the dept stores. I am buying meat instead of ready-made foods like we did before so the amount of meat can stretch for week of consumption. I guess am doing this kind of budgeting and he does the paying; that's how we make it.
@Barb42 (4214)
• United States
25 Jan 09
My husband and I both have an account, but both our names are on each. His check goes in his and mine goes in mine. But we talk to one another about what we are going to spend, especially if it's on something outside our real needs. We are careful with our spending,especially now. We don't know what is ahead of us right now, so we do need to be very frugal in our spending.
@savypat (20216)
• United States
25 Jan 09
You have a good system, with us I am in charge, we have tried it your way but that never lasts long, my husband soon looses interest. So it's up to me and I am being very careful not to spend where it's not needed
@lynnemg (4529)
• United States
25 Jan 09
I am the financially responsible party in my marriage. My husband and I both work, but when we get paid, I take care of finances. When there is money left over from paying the bills, he gets money to spend on himself long before I do. As a matter of fact, I may spend money on something for myself that is not needed once every six months, he gets his own money each week.
@Crocket (315)
• Canada
25 Jan 09
My partner usually spends more than makes. Myself, I budget for the month and purchase everything on the day of my cheque. That way I know that I have gotten what is needed for the month and won't have to worry about slighted needs. I have also opened an rrsp and save ten percent of my cheque for the future. This money is not taxed by the government and when you have compounded interest at say ten percent the money really adds up quickly. Crocket.