Do you share financial derails with your partner?

We have joint account for month to month living, holidays and general spending we both pay into. We both have savings and investments in addition, I know most of my wife finances, she has a general idea of mine but is not actively involved. I’m open about my will contents, my wife and family know its contents so no surprises there.

My father was the opposite which caused a lot of hostility in the family, when the time came everything was fair and fine, so why cause uncertainty.

We have joint accounts - so no secrets. Can't imagine tolerating anything else or why anybody would.

It never occurred to either of us to have anything but shared finances.

My parents had a joint account and my mother kept the cheque book in her handbag. Money was rarely talked about but it was clear that everything was a joint decision. My mother would never have accepted anything else.

In DH's case his mother was a teacher and the main wage earner as she had a permanent job. His father worked in the car industry, which, until the 1960s, was a seasonal employer. Taking on workers in September, making cars until Easter as most car sales were in the spring and then laying workers off until Septemeber. Between Easter and September he got what seasonal work he could get, so she ran the family finances.

As I said it never occurred to DH or Ito do anything different.

We also act as a single unit when it comes to finances. We as a married couple are a single unit in many things and finances are one of them.

It doesn’t matter who is working for money or who isn’t. The value each person puts into the partnership is the same. Money isn’t everything, so when I was a full time but unpaid home worker, my contribution was as valuable as my husbands.

Besides what’s mine is mine and what’s his is mine as well😄😄😄

Whitewavemark2 We also act as a single unit when it comes to finances. We as a married couple are a single unit in many things and finances are one of them.

It doesn’t matter who is working for money or who isn’t. The value each person puts into the partnership is the same. Money isn’t everything, so when I was a full time but unpaid home worker, my contribution was as valuable as my husbands.

Same for us and I can't imagine doing anything differently.

Norah

Whitewavemark2 We also act as a single unit when it comes to finances. We as a married couple are a single unit in many things and finances are one of them.

It doesn’t matter who is working for money or who isn’t. The value each person puts into the partnership is the same. Money isn’t everything, so when I was a full time but unpaid home worker, my contribution was as valuable as my husbands.

Same for us and I can't imagine doing anything differently.

I couldn't agree more. For the first 20 years of our marriage DH travelled extensively at short notice for indeterminate periods of time. All at a time before computers and mobile phones. I very much ran the family business, from looking after house and children to buying and selling houses, organising moves, keeping an eye on his parents( a pleasure) At times I held a power of attorney for him.

The reason he was able to do the job as well as he did was because when he went away he knew that everything at home was in good hands. he used to talk about colleagues with their minds only half on the job because of household business that they were doing and wouldn't/couldn't delegate to their wives.

I very much earned my share of the family income.

We have one "pot" too.
It works for us.

It always shocks and saddens me a that women end up in this situation. She may be well off, or not, but the fact that she doesn't know is the thing that bothers me.

The week after we were engaged we opened our first joint account, and we have been pooling ever since. I grew up in a household where my Dad handed over his pay packet, and Mum took care of the bills. Any large decisions were made together. We are the same way, with me doing the day to day banking, but DH knows the financial overall picture, and has notes on how to do on-line banking.

I think it is a responsibility to ensure your partner knows all the details of finance and end of life wishes, no matter how long or short the marriage.

Always joint accounts etc and couldn't imagine why everything shouldn't be. I always had an account of my own as he did. Never had a row about money. When I was widowed, young, that was something I could handle.

All joint accounts here. Neither of us are interested in money much so we pay a financial advisor. We just like spending it!