Handling the Family Finaces

Updated on October 29, 2009
M.K. asks from Chico, CA
5 answers

Just wondering how the rest of you handle bills and money management in your families: who pays the bills, tracks spending and saving, etc. And what do you do when you and your spouse disagree about the finances?

1 mom found this helpful

What can I do next?

  • Add yourAnswer own comment
  • Ask your own question Add Question
  • Join the Mamapedia community Mamapedia
  • as inappropriate
  • this with your friends

So What Happened?

Thank you for your input. Right now I do it all and it mostly works. I have convinced my husband that just because the balance says one thing doesn't mean that we have that money to spend! I just wondered what other couples did because sometimes I make my husband feel bad when he buys stuff and we just don't seem to agree about staying on the same kind of budget. I am sure when I go back to wage-earning work it will ease some of our disagreements. He certainly isn't out blowing a fortune or anything.

More Answers

Smallavatar-fefd015f3e6a23a79637b7ec8e9ddaa6

C.P.

answers from Detroit on

I do it all - if my husband did, our bills would be late each month. We have an automatic withdrawl to put into savings. We also do 90% of purchases on the credit card and pay it off each month, but that makes it easier to keep track of expenses - gas, groceries, extra, etc.

2 moms found this helpful
Smallavatar-fefd015f3e6a23a79637b7ec8e9ddaa6

W.H.

answers from Stockton on

My husband pays the bill and I keep track of our budget and weekly/monthly spending. My husband and I disagree somewhat about money; he has a tight grip on our finances to ensure for our futures. It does get frustrating at times, though, when I would live things for myself or the kids but he is not unreasonable. As long I can give him a dollar amount to plan for something then he is fine.
I also stay home full-time with our kids.

1 mom found this helpful
Smallavatar-fefd015f3e6a23a79637b7ec8e9ddaa6

R.W.

answers from San Francisco on

We don't disagree much...We used to divide it up--the water bill was under my name, the electric bill under his, etc. I was more consistent with it.
Now, only one of us has a paycheck, and it was easier to just consolidate all the money to shorten delay time before bills were paid, because there is a waiting period after bank deposits. Now he does the bills.
We don't really track spending because we are on bare necessities anyway.
When things get better for us, we will probably go back to the old system, or at least I will do more of the bill handling.

1 mom found this helpful
Smallavatar-fefd015f3e6a23a79637b7ec8e9ddaa6

R.Y.

answers from San Francisco on

When we got married, we added up our set monthly bills (rent, utilities, food, etc) and divided it in half. DH gives me money each month to cover the expenses plus a little extra for our joint savings. I am the one who physically pays all of the bills. If I left it up to him, they would be past due each month. We do not withdraw money from our joint savings account without consulting each other. That money is set aside for big household expenses (furniture, vacation, etc).

We don't argue about money because we each have our own personal savings/checking accounts. As long as DH covers his share of the bills, he is free to do what he wants with his own money. He feels the same way about my spending.

1 mom found this helpful
Smallavatar-fefd015f3e6a23a79637b7ec8e9ddaa6

H.D.

answers from San Francisco on

Well....I have had two husbands, one that sucked with money and one that is awesome with it. With both of them I sat down and we talked about who was a better manager and that is what we stuck with! My ex had his own account, I stuck money in it every payday for misc. stuff and I also handed him $20 a week in spending money. I paid all the rest of the bills. If he needed more he would ask or he had a LOW balance credit card. He was NOT allowed to use his ATM unless it was an emergency because we were continually on the edge financially.
With my second husband the roles are reversed, he puts a certain amount of money in my account bi-weekly. (as a sahm it helps me feel more independent to have my own account, he is on it as a secondary) Out of that I pay for school lunches, kids clothes, food, gas money and occasional family dinners out. I almost always have money left over because I am always aware of how much I am spending and like at LEAST $100 buffer. =) If I have questions about the finances I ask. When I have receipts I give them to him. He uses Quicken so it is easy to keep track of both his account and mine. I also have my own credit card in case of emergencies and if there is something I really want to buy (my husband doesn't question it because he knows it is usually for a good reason). I also have a savings account which I have about $50 a month taken out, not a lot but it does add up. =)
It is learning to trust the other person but also allowing the person "in control" to lead but also giving the other person a sense of autonomy...which is one of the major arguments when it comes to finances. Talk it out, if you aren't sure who is the better person for the job be willing to let him take the wheel for 6 months and then switch off the next 6 months. See who does the better job and go from there. Whatever you decide, don't make money a battle.
I hope that helps. =)

1 mom found this helpful
For Updates and Special Promotions
Follow Us

Related Questions

Related Searches