How do you go about splitting your expenses if both parents are working?
If both you and your spouse are working, you might be wondering how to go about splitting the household expenses. One ParentTown discussion was all about household finances and how two breadwinners divide the financial responsibilities.
There isn't one clear-cut way to manage expenses within a marriage. What works for one couple might not work for others. But here's how real women in the ParentTown responded, sharing what has worked for them and their husbands.
Having a joint account
Plenty of moms said they keep joint accounts with their spouses, and just deduct from there. Some moms decided on keeping another personal account for their own expenses, while others just have the joint account.
“We have a joint account and contribute a predetermined amount to it on a monthly basis,” writes Lynn Y. “Household bills are deducted from the account via giro. So long as we continue to contribute to the joint account, we do not bother with what each other is spending on. That means I get to indulge in toys for my boy without nagging from hubby.”
Go to the next page to read what the rest of the ParentTown community had to say about splitting household expenses.