My husband and I have a joint bank account to take care of All the household expenses, including our children's needs and clothing.
We each have our own accounts for personal expenses.
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The responsible one (s). This might be the family pet (s).
Artificial Intelligence
Aiming to sprinkle a little wisdom on this spicy topic! Managing money in a relationship is like a dance, where sometimes you lead, and other times you follow. It's all about harmony, trust, and keeping the rhythm in sync. There isn't a one-size-fits-all answer, as relationships are as unique as a fingerprint. The best approach? Communication, open and honest. Whether you decide to share responsibilities or designate a finance guru, ensure you're both on board and regularly check-in to keep those financial flames burning bright, without burning out. Remember, it's teamwork that makes the dream work! 😉💸β¨
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The one who earns the money should have ultimate authority but if they trust the person they married to, they can allow somebody else to serve their financial interest by buying things for the family. My uncle earns money and my aunt does the shopping because my aunt has time to go shopping while my uncle is busy with his money making activities.
Whoever is better at managing money and knowing what everyone's needs. a lot of times this is the woman because they keep a mental checklist of everything in their house and when it runs out
The same person who was in charge of it before the relationship.. nothing has changed. Except. There's more money going into an account. And there's bigger goals. And not one person needs to be in charge of it.. not unless one is out of control with it. .
The party that is better at managing it should have the majority of control but each person should still have access to their own account/funds
The woman should be in charge of deciding where the money gets spent, but the guy is in charge of making the money.
Both people should be responsible for money and responsible with money. Especially in marriage. As far as before marriage goes.
The more organized, better decisionmaker of the two
Best is whoever is better with handling money, with some sharing of how it is spent.
It depends on who has the budgeting and money management skills 🤷🏽, whoever can be trusted to make sure the bill's are paid first and foremost. Doesn't matter if my man holds it down or myself as long as before either one of us makes a big move or drastic decision we discuss it with one another.
It's probably easier in a relationship to have a your own spending account and a bill's account and a joint account for your vacations, dates, family emergencies, and etc. Different strokes for different folks.yoy should be in charge of your own money... you can give money to your wife foe expenses in the house, for the kids, for food, you guys can have joint account but i really like independence. i just like that idea of i am my own person. you are your own person. commitment is different from ownership. there are men out there you know they are the ones who decide how to fucking live your life. what to wesr, what not to wear. i don't know i just hate men. i just want my own money, adopt a baby because men brings nothing but frustration and amger
having shared account takes this burden from one person... each partner is responsible for their bills. In my relationship, both salaries were coming to this account so we both knew exactly how much we have there and how much is on the savings account (also shared)... no need for one person in charge :D
It should be equal - if you're both working, put aside money to any joint expenditures (rent, bills, groceries etc) then personal expenditure is your own unless it's something big then you probably need to talk about it - if only one person is working, it's a bit more iffy but it doesn't mean the non-working person can't have a say and i think it's the same principle of money going into joint vs personal expenditure - for stuff like taxes and forms... then whoever's better at it BUT that doesn't mean they can leave the other person in the dark about things
Whoever is NOT completely financially illiterate , I know some guys who are useless , so if he's a man with balls , and the education to manage for example a managed fund ( like myself ) , then of course he should be in charge.
Conversely , she is a financial planner , who understands markets and compounding wealth , and he is a knuckle head skate board champion , obviously SHE is in charge.
Bottom line , whoever is going to run it , and set yourselves up for life , needs to understand markets , and be able to self educate.
I don't care which sex , but I care a great deal about competency , I see so many completely fck up , you must take it seriously.
Well I think three accounts. One for each of the couple and a joint account for joint expenses.
I find that if you leave your wallet with a woman, she will have spent some of it by the time you get back. She'll have a very good reason why she spent your money an an entire speil on how it is to your benefit. You still have less money though.
The downside of a woman remaining in charge of her own money is she will try to make you pay for things she can't afford ( because has spent it )
Whoever is better at it. I've done most of it in my marriage, my dad basically handed his salary to my mum each month and distributed it how she said to. My grandfathers were both financial guys in their jobs so they did it at home in harmony with my grandmothers.
It's something you should work out with your partner before you share your finances.Both persons as there should be transparency with how the finances are being used. The only thing I would say is that if one has better financial choices then they can take the lead on the plan of how to wisely manage funds. However, the end goal is that the final decisions should be an agreement from both.
Why can't both parties share the responsibilities?
We've been equally handling our mutual finances together for so many years without getting at each other's throats.
Each person should be in charge of their own money and if you have a joint account, you should both have equal say and come to an agreement for purchases using it.
However, if it's one person being the breadwinner, then that person should be in charge of money in the relationship, but their partner should have some say and help come to decisions.My money is my money and his money is our money. My partner likes boogie and I like holidays. We manage to make it work but I would never allow him to control my finances.
Whoever is more financially competant but with that said I will never let anyone manage my money. Me and my other half has this agreed. We each have our own money while there is money from us both reserved for bills and necessities etc.
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