She controls the money I give her. 😎😎
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Who controls the money? . .
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My wife and I are a team. All income goes into joint checking. If amount in checking goes above X, some gets moved to savings. If it goes below Y, some gets moved back. When savings goes above a certain amount, we pay down debt in large chunks. (My pay fluctuates, so this movement of money is erratic at best) Always keeping savings at a certain level for emergency fund. Most of our regular bills are set on auto-pay. Daily expenses are paid with cash-back credit cards that are paid off weekly.
We keep each others’ spending in check and plan for the future.
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My wife is a bank operations manager, so I let her handle the money. We have money going into our 401k accounts, and saving first, and then we pay bills with what is left. I fully trust her as long as the collectors are not calling about our home or trucks that we owe on. She handles it well. It's more of a 50/50 split with us as we make very similar money for salaries.
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Originally posted by stickman View PostWife does it all, I pay more attention to our accounts than I put on but never have had to question any expense/purchase. Since her hostile take over of the accounts(joke), I’ve had more savings, retirement, and spending money than ever before. I get nearly everything I could ever ask for, want, or need.
This is me here.
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We each handle our own business. Don’t argue about $$$. We have been together 25 years and been handled this way since day 1. People will say it is showing lack of trust- lack of this or that- I think it shows each other that each of if are independent people that could get by without the other but we choose to spend our lives together. Unlike a lot of folks I’ve know that stay together for financial reasons alone
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We both max out our 401k's and have an agreed upon monthly investment amount. We used to do the same with the 529 college plans. Thank goodness that is behind us. Everything else goes into joint accounts. She pays bills and I handle investments and taxes. My wife is very tight with money so no worries bout either of us going crazy. This system has worked for us for going on 29 years.
We are now headed toward our next phase where things are getting a bit uncomfortable. I'm seriously considering retirement in the next 12 months and that makes her nervous. It shouldn't since we planned for it. She could retire too, but won't.Last edited by Rush2Judge; 04-02-2019, 07:42 AM.
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