re: Who handles the finances in your household?

Both of us work in finance. We make decisions and do it together. You should hear some of the conversations we have.

We both do, though she does 90% of the day-to-day stuff. Long term planning and saving I handle. I'm much better at big picture stuff, while she's much better at the daily minutiae of it.

But our finances are pretty easy. Almost all of our expenses go on a shared credit card account, and paid off every month. Only debt we have is mortgage, and all of our recurring bills are on auto-pay. We both have our own separate credit card for gifts for each other and things we don't want the other biching about. I haven't used my card since Christmas.

My wife is an accountant, and she handles all money matters, except that I earn 95% of the money, and I make the investment decisions. It’s not a matter of control, but more a matter of both doing what interests us.

Both handle finances in many households. Having a parent that died when I was young I learned the value of both needing to know finances at all times. Imagine how bad it would be for children if the one spouse handled all finances and died suddenly. On top of having to deal with the emotional toll of death of a spouse and being a newly single parent, the remaining parent would have to instantly learn about finances. That’s a topic that many agree is constantly evolving and takes many years to become comfortable with and a lifetime to master. That’s a heavy burden to place on one person.

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dukke v
The wife handles the money. One less thing I have to worry about. But anything major she gets my input.....

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There’s nothing to handle

You feel better now?????

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Your system results in a fight 1/2 way through every month? This is definitely and example of different strokes for different folks. That would drive me nuts. I’d rather be broke and happy than miserable with money. Perhaps that’s a big part of the reason I am broke, but man life is good not fighting about money every month.

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Unfortunately even if we were broke this would still be the case. Wife doesn’t understand money, at all. For instance, she signed up for a credit card (without me knowing) and then just doesn’t pay the bill. I have bill collectors calling me and I refuse to pay it for her. Her credit is lower than 500.

We both do and somewhat independently of each other. I pay the mortgage and car insurance while she takes care of childcare and most home upkeep items. We have separate credit cards and just kind of each pick up groceries, restaurants, etc as is convenient.

We have joint investment accounts money managed by a financial manager. Other special investments or major decisions like a car purchase or home refinance are obviously discussed.

It has worked well for us. Major caveats being we earn a similar amounts and have largely the same (minimal) spending habits.

She does for the most part. I get anxious about money on account of growing up without a lot of it. It's less stressful for me having her keep tabs on it.