Who handles the money in your household?

United States
May 20, 2009 10:15am CST
We used to share it equally once upon a time. However, when I became a SAHM it was a lot harder to convince him we needed to combine accounts. But I'm the one who does the budgeting and has X amt set for the mortgage X amt for vehicle payments ect. Plus I think it works easier especially if you have a spender in the household like I do.... HUBBY *LOL* And eventually a few Non-sufficient funds fees later he gave in after all we've got rock'n credit cause of me. Not from the guy who used to go shopping and then if anything was left over couldn't fantom paying the bills.... WHo manages the money in your household? How did you decide who was the best person?
4 people like this
22 responses
@SomeCowgirl (32191)
• United States
20 May 09
My fiance and I are getting married and have a workbook that our pastor gave us to work on. The section we had to do last time asked about finances. My fiance and I have already talked about this, or silently agreed really, that we'd both deal with the finances. I'd write the checks out, etc, but he'd be doing the balancing with me. We have separate accounts because on mylot we have to, but that doesn't matter, we balance our checkbooks, and make sure everything is up to par. If we choose for me to stay at home when we have kids, or even before, it will be our money, and anything I make online will go towards our expenses or towards our wants, we're not exactly sure there and we haven't really talked about it either. Well Happy Budgeting!
1 person likes this
• United States
21 May 09
Sounds like you communicate pretty well then & I'm glad you found a way that works for you. Only thing I can say about stay at home is it sounds good on paper but it's alot harder than it appears & I've sacraficed alot to stay home for as long as I did.
1 person likes this
@SomeCowgirl (32191)
• United States
22 May 09
I am sure it is harder then I realize to stay at home. I know there are certain sacrifices and living with his parents, not being able to buy things we want, I think has helped a lot with being able to live with what we need vs what we want. I've had a job before, so has my fiance but I made more, and was at my Jobs really as I've had more then one, longer then he was. We still have to learn before we're ready to step out the door, lest we step out and the porch is suddenly gone! Good Luck to you!
@meandmy3 (2227)
• United States
20 May 09
my husband handles the money. I know where everything is, how to access all of our accounts etc. But I can not stand money management so he does all that. I have a credit card, if I want something I buy it, he pays the bill off every month. It works for us.
• Canada
20 May 09
Oh wow that sounds easy for you meandmy3! I deal with the finances in my family and to me it's no biggie! Every pay day I go pay the bills, and budget and I always feel better after! I remember struggling when I was younger (first moved out on my own) and I'm happy I don't have to feel that way again
• United States
21 May 09
Sounds like a good plan if you can pay if off every month. However I can't say that it's happening for us until I go back to work atleast 3/4-full time and that won't be for a few years.
1 person likes this
@34momma (13882)
• United States
20 May 09
YOu are too funny Snugglebunnies.... we split the bills in my house. he pays certain bills and i pay certain bills. that's works for us for now. maybe some time in the future it may change, but right now that works
• United States
21 May 09
We used to split mutual bills, you know for things like rent, phone, electric and such. The rest like a car payment was up to the person who owned the car. I wish it was that simple again.... *sigh*
@coldmoon (1088)
• France
20 May 09
My partner and I have different account and we manage our own fund by ourself. If one of us makes an important finacial decision, then the other can give advices and suggestions, but don't interfere the business. However, we have assigned accounts at the same bank, and have the same advisor, so it can be said that this agent handles our money.
1 person likes this
• United States
21 May 09
We used to handle our own money like your set up til I found out how bad my hubby was at paying the bills & how low his credit score was...
• Canada
20 May 09
Hi 3SnuggleBunnies! I am the one who does the bill paying and budgeting in our house hold! When my hubby and I got engaged we got his name added to my bank account, and while both of us were working, and me now being a SAHM he asked me to do the money handling because he's "not good with money" other then spending it .
• United States
21 May 09
My hubby is only good at spending money as well. I've actually done all the money handling from the get go otherwise it wouldn't get done. I used to write up a bill every week and tell him this is what he needs to give me and the rest of his check he could do what he wished with. However, we dont' have 2 FULL time incomes anymore and sometimes even though it's been several years I think he thinks I still make full time wages and at what I was paid when I last worked *LOL*
1 person likes this
• United States
23 May 09
My hubby busts his butt too, I work @ his job for a few months before we were married as a 2nd job and it's very hard on a persons body. I don't understand how any of them can have weight issues they don't stop moving for 12hrs, it's like watching your fav exercise tape for 12 hrs straight..... TG for TYLENOL! We were planning on me quitting a yr after I had my first but they beat me to the "punch" I wanted to save about 6 mo's worth of wages to see if we could afford it. But they wanted me gone pretty much within a few months of me announcing my pregnancy I was lucky to of made it that long.
1 person likes this
@Hedwig (283)
• China
20 May 09
In my household , my mother handles the money. As a matter of fact, it is quite common for the wife in a household to take care of the economic right in my city( Shanghai, China). I don't know why, maybe women are more careful and tend to look after the household money better, maybe men don't want to handle such thory issue, or maybe, it is just a kind of custom here.. . I am not sure...
1 person likes this
• United States
21 May 09
Interesting, I would of never thought that it would be considered a custom in other parts of the world. I think usually us women know more about what needs to be spent on what in our homes than our spouses they earn the majority but they have no idea what expenses occur.
@lingli_78 (12822)
• Australia
20 May 09
i handle the money in my household because we both agree that i do a much better job than my hubby... he is a spender and always lost whatever money in his hand no matter how much it is... so now he leave it to me to manage the finance in our house and he benefits more... take care and have a nice day...
• United States
21 May 09
I have the same problem if there is a dollar in his wallet he needs to find a way to spend it! It drives me batty and it's on foolishness part of the time to wich gets me po'd! He's always buying a new lunch cooler or wallet or gadget ect..... DRIVES ME BATS!
• United States
21 May 09
I failed to mention that the cooler or wallet he has ect is fine but finds a reason that the one isn't up to par anymore.
@Ithink (9980)
• United States
21 May 09
Im a SAHM mom and I handle it all, he gets his check and hands it to me I let him know what Im paying and what is left (if anything). He does know what is due and when and where everything is kept just in case something was to happen to me. He just isnt great with money and doesnt like to bother with it. This was I know that things are being paid! lol
• United States
21 May 09
Exactly... gotta make sure the bills are paid & on time too! I used to plan ours on a spread sheet & that drove him batty! *lol*
@vicki2876 (5636)
• Canada
21 May 09
Since I am the only adult in the house I guess that would have to be me that handles all the money in the household. I like having control over my money and my budget. I think that if I was to share that I would likely have more fights with my partner. I don't fight about money with my partner cause we keep that stuff separate. I would hate to see all the money he spends on junk while I sit around being very very fugile all the time. I wouldn't want him to get a hold of all the money I saved and use it on himself.
• United States
21 May 09
I too am a SAHM, and I manage all the bills of the household. My husband is in the military so it falls on my shoulders to make sure that we have enough money for food for the children, and to make sure that all our bills are paid on time. The reason why I am the chosen one, is because he's away all the time, and it's easier for me to know things because "I get 'er done." :-)
@katsmeow1213 (28717)
• United States
21 May 09
That sounds a lot like me and my hubby right now. We've certainly been worse than we are now, but we've been better too. We sort of go into cycles. Sometimes I don't care much about paying the bills and just want to have fun with our money, and sometimes it's more him that wants to blow it all. Sometimes I'm so strict about paying the bills I won't even let him buy a soda, and sometimes it's him. Normally we balance each other out rather well, and I can do a lot better on days when he's not here. If I go out this afternoon with the kids, I'll be fine packing snacks from home.. but if he were with us, we'd end up going out to eat!
@jayrene (2708)
• Philippines
21 May 09
i do all the money matters here... hubby gives me all the money ... and i do all the budgeting... (it's not that many money anyway, or i could've done a little shopping, which he wouldnt mind... i know, he told me so)... which bills to pay first... he knows where the money goes, all the penalties if we get late on payments... i tell him everything. we have a joint account, it's where all our extra money go, he can get money from it without asking from me, if he likes... the same thing for me.
@geniustiger (1694)
• Philippines
20 May 09
Im the one managing the money and expenses in our family. He used to remit everything he earned and Im the one do all the computation of whatever bills to be paid and spend to. Its hard to do the task especially if the cash is very little to the needs in our family. My head is aching with these matter anyway this is life and I learned through this matter.
• United States
21 May 09
I totally understand where you are comming from. It's hard to try to get by sometimes and right now that's very true for us as hubby has no extra hours and my hours vary from 4 to 15 a week so one never knows if we'll have anything beyond groceries or gas money from week to week. Hang in there :)
@posh80 (44)
• India
21 May 09
We both handles the money together and its much easier.We understand each other and talk and calculate together the expenditure. Both of us do the shopping for weekly groceries, household items.we write down the expenditure in a book. Everything we do it together which is good and fun.
@cyfernet (2383)
• United States
21 May 09
My father handles the accounts in our household. It has been so for years now. it suits us as he understands the needs of everyone in the family and allocates funds accordingly. Any surplus funds remaning, after clearing all the bills, are carried over to savings accounts. So, we are living comfortably.
@stahir45 (103)
• Pakistan
21 May 09
My wife being a bousehold lady has to perform all the domestic chores like purchase grocery items, children clothing (and even that of mine at some occasions), utility and all other monthly bills and all the other stuff being used on day to day basis. She has been performing this function quite diligently for more tha thirty years. All I have to do is to make sure that she has sufficient money to meet such expenses. She doesn't have to maintain any accounts for that. And whenever she runs short of money she would just ask me and I will make arrangement of cash. She doesn't use credit card. We make all our day to day purchase on cash and we have been doing it hassle free for many years.
• Philippines
21 May 09
My mother, when I got my salary for the month I always transferred the money to my mother's wallet and she know what she will be doing after. My mother is a good budgeter, someday I will let her teach me to do that when I already have a family of my own.
@cudamani (996)
• India
21 May 09
For the moment I handle the money in my house but I want to retire in about 3 years by handing the responsibility to my wife. Is it a bad idea?
• India
21 May 09
in my house its my father that holds and keep the home running...my mom cant manage money enuf and use that money in useless things.. once my father gave all money to her for a month to check whether she is able to afford or nt..but i was helpless as the money was used within 15 days.. den after my mom didint told my father again to giver her whole money..
@dafengwy (10)
• China
21 May 09
Hello, It is a funny discussion. I dont like to manage money, so I give my salary card give my wife. My wife is a kind of persons who can earn money by money. She got into stocks, bought funds and so on. But this does not mean I have not right to decide how to use money. My opinion is important in my family. When the family wants to buy sth, my vote is crucial.:)