Reply to Yours, Mine, and Ours finances-- how does it work in your house?

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[quote=Anonymous][quote=Anonymous]We may be oddities here but we don't really have major discussions about finances. We have 100% separate finances - banking, credit cards, savings, etc. and never thought to merge. It's just easier this way. I have my privacy in spending and DH has his.

I (wife) pay nanny/childcare costs, sports fees, music, academics, and most kids activities. I save for the kids 529s and pay vacations. We never discussed why but it naturally evolved because I do the scheduling.

DH pays for mortgage (though house is in both names), auto insurance, and cable/internet. Family insurance taken from DH's pay check.

We'll pay for groceries as each one goes.

Our expenses ended up being relatively equal as far as monthly is concerned, though because I'm the greater earner I put more into savings accounts. Neither one of us is a huge spender.

This has never been an issue and we've never fought about money. [/quote]

This is us, almost exactly. We’ve never actually sat down and done a strict accounting, but it’s roughly equal, or at least commensurate with our incomes.  We have the same approach to money and have never had an argument about finances. Only difference is that every account, except for some inherited $$ on both sides, is in a joint account, and visible to the other. However, I use some accounts for my spending, and DH uses others. We occasionally do some transfers between accounts for specific things, like at tax time, or if we choose to make a large joint charitable donation. So, it’s separate, but all still “ours,” if that makes any sense. Neither of us is on a budget, but I wouldn’t, for example, buy a car without discussing it with DH.

IME, how you set things up isn’t as important as being on the same wavelength on spending. [/quote]

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