Who should be in charge of money in a relationship?

Question

EmmaMary · Accepted Answer

@coachtanthony  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.

dustybiker2 · Accepted Answer

The responsible one (s). This might be the family pet (s).

Love Doctor Brad · Accepted Answer

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! 😉💸✨

jennifer_bloom · Answer

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.

Apple1996 · Answer

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

ohsheeT · Answer

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. .

Rei13 · Answer

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

Bethany22 · Answer

The woman should be in charge of deciding where the money gets spent, but the guy is in charge of making the money.

Summeroflove · Answer

Both people should be responsible for money and responsible with money. Especially in marriage. As far as before marriage goes.

Avicenna · Answer

The more organized, better decisionmaker of the two

AviatorTom · Answer

Best is whoever is better with handling money, with some sharing of how it is spent.

jazzyjic78 · Answer

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.

sheenagwapa · Answer

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

IslaTheWitch · Answer

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

DaisyM23 · Answer

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

molonski2 · Answer

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.

RavVid · Answer

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 )

HawkPerception · Answer

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.

kCasey · Answer

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.

DeeDeeDeVour · Answer

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.

DJB72 · Answer

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.

electromagnetic · Answer

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.

LadyKitty · Answer

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.

Bricealan · Answer

I don't think any ONE person should be in charge of the money. Two financially responsible people should make decisions about what and how to handle your finances. Susan and I both decide how and when to spend what we had

blueonblack22 · Answer

I saw have a shared account where 80% of each others earnings goes into to handle the big things like rent, mortgage, car payments, food, utilities, etc.

Then keep 20% in a private account to do whatever you want with.

Nikki1989 · Answer

No one should be in charge. We have our own personal accounts and a joint account for bills and rent. Works for us.

Pillubi · Answer

A relationship is a two way street, and whatever concerns the relationship has to be mutually discussed. The decisions should be in the best interest of the relationship.

Delle123 · Answer

It really depends on the couple and their financial situation. My boyfriend handles the money because he pays for almost everything. I'll occasionally get us coffee or ice cream but considering he makes 4x my salary he pays for pretty much everything.

integrale77 · Answer

Definitely not my ex wife.

I'd say whoever is better at managing there accounts.

I have learned no joint account again!
In my current relationship I'm not sure who is better but I have a spreadsheet with all my monthly outgoings already entered so I just bang my pay in on payday and I then know what little I have left!

b_lova · Answer

Couples financial decisions should be of made of mutual decisions with one person taking lead on the execution of specific actions. With the idea that both parties are involved in the making and execution of financial goals.

The exception is when an individual abdicates the responsibilities to the other and is willing to accept the outcome of the decisions, both good and bad. But hopefully the individual taking the lead is making decisions with the others goals in mind.

Mr_twoface · Answer

I'm and will continue to be so in our household. Right now, we solely depend on my income because she is a student and her study allowance is only being saved, however, once she do begin to earn, I guess we will continue the same way.

Over the past two years I use a spreadsheet to calculate all our expenses (every single penny) and it's been awesome to know once spending, income and how many trips per year we can accomplished!

ThaMaskedMarvel · Answer

Whoever is best at dealing with money should be in charge of the money. If they both are equally good with money, then the person that occasionally splurges is disqualified from having the esteemed job of relationship treasurer. Hey, I'm shrewd but I'm fair.

wiltingrosepetal · Answer

My mum handles the finances and distributes paychecks for a living, you better believe she's in charge of the money at home.  It should always be whoevers best with the money

sage2021 · Answer

Both but if one really sucks at it, the more responsible one should be in charge. But constantly communicate about how much money you both have, and keep good records.

LazerBean · Answer

Whoever would be better at it. And it's okay to split the duties as well. In our marriage, I handle all of the money aside from the stocks, which my husband handles.

purplepoppy · Answer

I'm not handing responsibility for my money over to any partner. Being in charge puts you in control of the other person and thats rarely a good thing.

CriticalCatDad123 · Answer

Couples and married couples should be in charge of their own money. Combining finances only makes things more complicated especially come the divorce where men will lose far more than the woman. Find someone who pays for their own stuff. Find someone who didn’t want to combine their bank account with yours. If you do combine accounts into one you’re asking for trouble. Just don’t do it

KaiidiraX · Answer

It should be joint controlled as far as any money earned during a marriage. Outside of marriage each person should control their own money.

Drewtate · Answer

If she spending $5000 per month on hair, nails, make up, clothes, eating out and credit cards maybe the man.

Bagerl · Answer

Whoever is better at organizing the money in a relationship, or if they can't agree then they can each keep handling their own money.

loveslongnails · Answer

Whoever is the best manager of money should be. It's no different than who should make the meal - the best cook! If you're both good, then whoever makes the particular dish the best!

4ngelic · Answer

whoever is the most responsible or just both take care of their own $ stuff seperately

Somoneelse · Answer

Whoever is the most responsible with it. Most people in a marriage have a bank account together and their separate ones.

thatshydork · Answer

Both. Each should have their own bank account and then they should have a shared one.

Chazmatazz269 · Answer

The woman. She’s going to get it all eventually anyway. Might as well cut to the chase.

LaurenM1997 · Answer

Nobody I would have my own bank account I don’t do sharing money

jamesgoldman · Answer

Whoever is fiscally responsible or have a bill paying joint account and personal accounts for everything else

OddBeMe · Answer

Whoever likes to be. Usually it’s one person who pays the bills, balances checkbooks- remember when we had checkbooks? Best spouses are 70/30 in similarity.

hellothere90 · Answer

The person who is responsible with money. The person who makes wise decisions about money.

Anonymous · Answer

I guess depends if your marriage is a Team or a Business. How do you jive with a team member and how do you jive with a coworker?
🤷‍♀️
What does in charge mean; make the money as well as delegate expenses and bills?

bobby_bush_eater · Answer

Only in a marriage is that no longer each person's responsibility. That said it's the smarter one

Redstang88 · Answer

Whoever’s better with it. Which generally isn’t me 🤷‍♂️

supercutebutt · Answer

The lady cupping the balls should be in charge.

Alex-Snow · Answer

I think it should be 50/50 unless one does not wish to be involved to that extent

Serkee · Answer

Whichever one of you is better at managing it. Or you can always keep your money separate. But I do think that's something that should be discussed between you two once you start getting serious.

Beau2024 · Answer

Very easy!! Who ever is better at managing it.

Unit1 · Answer

Whoever can magically multiply their money 😁

Anonymous · Answer

The one that knows how to manage it of course and it buy stuff mindlessly

Dongie · Answer

Whoever earns money should do whatever the hell they want with it.

Wiredone · Answer

It should be a joint task. One person shouldn't be in control of anything in a relationship

SexyRedd1966 · Answer

Whoever is better at managing the money should be in charge, but both parties should sit down and discuss the decisions being made.

summiter · Answer

We share a joint account for 90% of the bills but we each have our own checking account as well as a joint savings and investment funds.

JacobJordan · Answer

The man. Most women are impulse shoppers. Men can go into a store for bread and emerge with bread. A woman goes into a store for bread and emerges with 12 different things

Who should be in charge of money in a relationship?

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