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Welcome to Mommysavers Forums.
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| Money Matters Personal finance, managing debt, saving and investing |
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View Poll Results: Who is in charge of your finances?
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Me
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45 |
71.43% |
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my spouse
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3 |
4.76% |
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It is a joint effort
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15 |
23.81% |
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Someone else
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0 |
0% |
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03-24-2008, 02:37 PM
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#21
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Mommysavers Diva
Last Online: Yesterday 09:56 PM
Join Date: Feb 2008
Location: Wisconsin
Posts: 902
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I do it all, too. DH has only a general idea of what we have and what we owe, and is happy living in his ignorant bliss. I like doing the books, and love that he trusts me so much. I keep a binder that contains paperwork on all our accounts, passwords, etc. It's handy to grab in case of a fire, or if anything happened to me, he'd have something to go by.
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03-24-2008, 02:50 PM
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#22
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Newbie
Last Online: 11-06-2009 07:30 AM
Join Date: Jul 2007
Location: Hampton Roads, VA
Posts: 20
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Most of our bills get paid automatically. My DH enters everything into quicken every few days or so to make sure we are on budget. Any purchases outside of groceries and gas are usually discussed. I have to force myself to get involved because I do not like keeping track of those things but when my DH is deployed I have to be prepared to take over.
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03-24-2008, 02:51 PM
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#23
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Mommysavers Addict
Last Online: Yesterday 09:42 PM
Join Date: Jul 2006
Location: Minnesota
Posts: 22,829
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It is all a joint effort at our house. We are both equally responsible for everything.
__________________
~Happiness is a large family~
Everyone must be quick to hear, slow to speak and slow to anger. James 1:19
Do you not know that in a race all the runners run, but only one gets the prize? Run in such a way as to get the prize. 1 Corinthians 9:24
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03-24-2008, 03:41 PM
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#24
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Newbie
Last Online: 03-26-2008 04:45 PM
Join Date: Feb 2008
Posts: 4
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In our household, I do the finances. We do sit down together & review everything, so we're on the same page.
Since I am a SAHM, we are on a tight budget. We have a mortgage, no car payments, no cable & we pay our credit card balance each month. We try to only put gas purchases on our credit card. We have a gas credit card, which earns 5% rebate on gas purchases.
To prevent overspending, we do the following:
My DH gets paid every other week. I pull out my "cheat sheet" each payday to begin our payments. Each payday, I electronically pay ahead half the monthly mortgage, half the electric bill, half the phone bill, half the life insurance premium, half the credit card bill. My husband gets a cash allowance for those two weeks & I get a certain amount allowance for those two weeks (groceries, diapers, household.) Then the next payday, I pay the last half of the above listed bills. This way all the monthly bills are certain to be paid in full on time (and several days earlier than due date!). We had our property tax and house insurance escrowed into our mortage payment for budgeting purposes. We are set up on a budget-plan electric bill, so we pay the same amount each month. They average out our previous year's usage.
Since there are 2 months he receives 3 paychecks instead of 2, we put those amounts straight into savings (except for our allowances) for annual bills, such as auto insurance and auto registration and to increase our savings.
If our credit card bill is slightly more budgeted (with gas price increases!!), I take that amount out of my grocery allowance.
Occasionally if I need DH to pick up a gallon of milk or diapers on his way home from work, he will put it on our debit card so it comes out of my grocery allowance, so he doesn't need to use the credit card or his allowance.
Ideally, each month would go exactly like that. Of course there are unexpected expenses, but if we stay as close as possible to that it goes much smoother!!
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03-24-2008, 03:43 PM
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#25
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Mommysavers Goddess
Last Online: Yesterday 03:16 PM
Join Date: Sep 2007
Location: Upstate NY
Real Name: Debi
Posts: 3,806
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I do all the bills but keep dh in the loop! And we budget together
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03-24-2008, 06:22 PM
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#26
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Mommysavers Diva
Last Online: 11-04-2009 04:01 PM
Join Date: Jul 2006
Location: Iowa
Real Name: Holly
Posts: 978
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I handle all the finances. I keep dh informed. He knows about how much debt we have. He is a little hard to get the point across how much extra we have. He doesn't understand we could put extra $ towards paying off debt. He's one that likes instant gratification, not long term. lol
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03-24-2008, 09:16 PM
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#27
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Senior Mommysavers Member
Last Online: 11-05-2009 06:34 PM
Join Date: Mar 2008
Location: Alabama
Posts: 479
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My dh makes the money and I handle all the bills, shopping, etc. We do discuss large purchases or changes to the budget (like changing from cable to satellite).
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03-28-2008, 09:05 AM
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#28
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Mommysavers Goddess
Last Online: 11-06-2009 06:52 PM
Join Date: Oct 2007
Location: The Great Midwest
Posts: 2,056
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We do it together, I am in charge of bills & groceries, DH used to make the house payment (but we're done with that, yay!), car/house insurance, and truck payment. He puts the extra house payment money into savings now, and we keep each other up to date on how our accounts are doing - we don't have a joint one. If he ever needs money, I help out and vice versa. It works well for us.
Last edited by dandelion; 03-28-2008 at 09:06 AM.
Reason: Forgot to add something!
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03-28-2008, 10:55 AM
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#29
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Newbie
Last Online: 10-24-2009 05:39 PM
Join Date: Jul 2007
Location: CT
Posts: 48
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I handle the finances, but the husband knows at all times where we stand.
__________________
Sue
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03-28-2008, 01:26 PM
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#30
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Senior Mommysavers Member
Last Online: 03-12-2009 06:38 AM
Join Date: Dec 2006
Posts: 236
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I take care of the monthly bills. DH takes care of the long term plans (i.e. retirement, 529 accounts for the kiddos, investments).
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