Quote:
|
I had the his/hers/ours type of accounts when I was married. Things that we both benefited from were paid from the ours-joint account and he did the paying, I did the watching/supervising. We each contributed equally to the joint account from our separate accounts and never had a problem with it. If the freezer broke, we bought a new one from the joint account. Things we wanted individually we purchased from our own separate accounts-no questions asked. If he wanted a 1000 suit, he had his own money to get it with I didn't question it. We even paid for our retirement out of the joint account.
|
This is what I espouse - with a slight twist. Basically you worked on everything together, but each had their own money. I call it "blow" money - money you're not accountable to the other spouse for. That's a vital bit of marriage finance. You each need to have your own money to do whatever you want with it - no guilt.
My wife and I have one checking account, we budget monthly together, and we make sure we include some blow money for each spouse. It's worked very well. While we've only been married 2.5 years, we've never had an argument about money.
(The vital ingredient to the above is that both spouses are on board).
Quote:
|
I've been in total control of the money from day one, DH is a WONDERFUL man but was never taught a thing about the value of a dollar, he heard "if it weren't for this, or that, or the other we'd have the money for it." His family always blamed everyone else.
|
If you were to pre-decease your husband, how would your husband fare? I'm sure you've tried instilling in him those financial skills that you have? How has he responded?