Separate or Together?

i like how we do it.  Our salaries go into one pooled joint account.

Each month we get an allowance (£50 a week transfered into our personal savings accounts).  this is for spending outside of us as a couple-haircuts, shoes, eating out with friends etc.

We have a 'together' fund- £65 a week-which we use to dine out and go to movies or plays together.

then we have the groceries etc.

the rest goes to bills, savings for the future and a travel savings fund.  If we don't spend our weekly allowance, that's our choice.  it goes into our individual savings accounts to be used for gifts or a big ticket item for ourselves.

it works for us right now as we still have some stuff to pay off for the next year or so......

Aimiloo - this is exactly how I would like us to set up our finances.  This is what we've talked about so far, and I think it will work well for us too.

I totally agree with all of you that what works for one doesn't mean it has to work for everyone - there is no right or wrong.  I just think it's interesting to hear how others do things. 

~Liza

We both have totally separate accounts, but we both know the pin number for each other's cash cards. We pay most of the bills out of his salary and mine (when I have one  ) pays for groceries, household-y stuff, and my upkeep (makeup, haircuts, clothes, etc.  ) When we're short I pay some of the bills or vice versa. At the moment, while I'm looking for a new job, he pays for it all and I'm essentially house-bound. 

it works for us lizzane.

we make about the same, so there is no 80% of mine and 70% of his or something....it's fairer this way.  i'd hate if i happened to make more and could afford to buy an ipod and he couldn't.....weird stuff like that.  He gets comission though, and i get a really good bounus at the end of the year, and that will be treated like regular salary.

 

and my upkeep (makeup, haircuts, clothes, etc.  )

my "upkeep" - love it

it works for us lizzane.

we make about the same, so there is no 80% of mine and 70% of his or something....it's fairer this way.  i'd hate if i happened to make more and could afford to buy an ipod and he couldn't.....weird stuff like that.  He gets comission though, and i get a really good bounus at the end of the year, and that will be treated like regular salary.

 

Sorry, slight hijack - did you ever get your "free" ipod Aimiloo ?

newdawn man i knew that wasn't free.  it was so lame. 

i thought 'hey J (who sent it to me) did you read the small print-that someone has to sign up for the offers??!!!!'

so no, i think 10 people would have had to sign up for an offer or something.  lameo!