Reply to Spouse makes significantly more income, how do you handle it?

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[quote=Anonymous]We have a joint account and each have a separate account too. We have enough direct deposited into the joint account for our regular monthly expenses like mortgage, shared savings, and an amount designed to cover all the joint non-fixed expenses (groceries, home repairs, travel, etc.) which we put on a joint credit card and pay off monthly. We put equal amounts into this account each month, but the higher earner puts a lot more into retirement and has extra withheld for taxes (in years where we get a refund, that goes into our shared savings).

I like having the personal accounts because we can buy each other presents as a surprise and we don't have to justify what we spend on ourselves. I don't want to know what my wife pays to get her hair cut and colored, and she doesn't need to know how often I bought coffee or a snack when I was going into the office. She handles car maintenance on her own and I deal with our pets' needs; those balance out both in terms of money and mental load. Overall, it works well for us. We have similar financial goals and strategies and we are lucky to have plenty of money so it means we don't have to make hard decisions about things. We talk about financial stuff like what we'd need to achieve to retire early or whether we should refinance our mortgage or how to save for a home renovation, but it's pretty easy to come to a consensus. [/quote]

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