Working Moms/SAHM/Wives/Financially Independent Women

Any of the above or maybe you fall into a different category altogether.

I am wondering…if you work and/or have your own personal money…what do you do with it?

Do you help out with HH bills? Put it into a joint savings account? Spend it on your kids? Or do you spend it on yourself?

Does husband know of how much money you have or make? Is it a joint decision?

I’m curious to know how some or most family dynamics ACTUALLY work.

Re: Working Moms/SAHM/Wives/Financially Independent Women

The money is not his or mine, it's*** ours***. Both of us make enough for us to live above comfort on just one salary so usually one salary goes into savings and that's usually mine.

Joint accounts - savings and pleasure - where both of us have full access.

I spend as I wish on the kids, myself or the house, the Mr. does not question. He knows I'm sensible :@:

Re: Working Moms/SAHM/Wives/Financially Independent Women

I am financially independent. Husband and I have one Joint checking account and one Joint savings account. There is no such thing as "help out with bills" in our relationship. All of it goes from one account. I do spend on myself as I please but I always ask him beforehand if it's okay. He knows how much I make and I know how much he makes. The money gets spent on house stuff and family. I don't have kids but my inlaws (5 of them) live with us and are supported by us financially.

Re: Working Moms/SAHM/Wives/Financially Independent Women

You spend money on inlaws? :eek:

You disappoint! Feminists everywhere enraged!

Re: Working Moms/SAHM/Wives/Financially Independent Women

:emmy: Ju been following me?!

Re: Working Moms/SAHM/Wives/Financially Independent Women

I work full time as well and as ive posted previously, all earned money is ours. there is no yours or mine.
we have a joint checking account, joint savings/retirement account, a second savings account for kid(s) and a few other investments etc ...
a certain percentage of our combined earning goes into the various savings automatically at beginning of each month and the rest is ours to spend.
all major financial decisions are made together. otherwise we use our checking account as we wish ... this includes sending money to inlaws in pk.
we both keep track of our spending by looking at our bank statements but neither of us has taken offense at the other for doing so .....

Re: Working Moms/SAHM/Wives/Financially Independent Women

My husband and I have 2 joint checking accounts (one is our household, the other is a trust account for our rental properties) 1 joint savings account, and then we each have separate individual accounts (Mine is for my real estate related income and expenditures and my personal spending), his is more a dummy savings account.

Whenever I make a sale/commission I take a portion for my expenses (phone, marketing, board dues, etc) and for my spending money and the rest goes into our joint savings account.

Household expenditures are solely run on his salary.

My earnings are used for a)savings b) vacations/trips c) home improvement projects d) kids

There is no concept of "my money" or "his money" really. It's all ours. We make all spending decisions together, and neither of us really makes any personal purchase over $100 without discussing/consulting with the other.

Re: Working Moms/SAHM/Wives/Financially Independent Women

Waaaaaait…so are you ladies telling me that you’re **not **using your personal money to go on a shopping spree every month while hubby pulls the load of the entire house on his mazdoor shoulders?

Hunh?

Islam gives us the right to use our personal money as we wish and husband cannot question it.

But here you guys are telling me that you willingly pool your money and make it “ours” versus his or mine.

Bad girls…:bailan:

Re: Working Moms/SAHM/Wives/Financially Independent Women

^:hehe: What if the ones who do go on a shopping spree every month do not report here?

Re: Working Moms/SAHM/Wives/Financially Independent Women

And there’s really no way in hell he can’t know what I earn…we file taxes jointly lol :cb:

Re: Working Moms/SAHM/Wives/Financially Independent Women

10 bucks says you mean it

Re: Working Moms/SAHM/Wives/Financially Independent Women

I am not a jew so it can’t be me.

Re: Working Moms/SAHM/Wives/Financially Independent Women

I'm a SAHM . :)
My husband is a businessman and we have a joint account. He has never questioned me about what I do with that money. He lives in EU and I'm in Pakistan so I manage all the HH bills, and savings etc. on my own. I do inform him wherever I plan to spend but he never asks me any details on his part.

Re: Working Moms/SAHM/Wives/Financially Independent Women

Islamically, he can have four wives and beat you up with a tree branch magar us pay aag lag jaani hai.. :smiley:

Re: Working Moms/SAHM/Wives/Financially Independent Women

:hehe:

Re: Working Moms/SAHM/Wives/Financially Independent Women

Yes. I did.

waiting for the tamatars

Re: Working Moms/SAHM/Wives/Financially Independent Women

Oh yes, he can have four wives. We always remember that…but like most women end up supporting their husbands…most good men don’t end up having four wives.

Ek bevi ke baad jab baal urjate hein…to doosri, teesri aur chauthi ke baad to sirf haddiyan hi bachengi… :cb:

I don’t think it was a tree branch actually…you’d have to verify that from a real and credible source.

Aur aag kyun lagay gi?

Re: Working Moms/SAHM/Wives/Financially Independent Women

Everything goes into joint account. We don't have any separate accounts. We balance our accounts twice a month. We make all spending decisions together. Alhamdulilah!

Re: Working Moms/SAHM/Wives/Financially Independent Women

Only selfish western-wannabe women go to work, Reha.. and we only do it so we can go on shopping sprees because we don’t think about anyone else :stuck_out_tongue:

I work and contribute towards the mortgage, bills and holidays.. I pay for my car and my expenses.. That’s just personal preference though.. We don’t have any ‘rules’..

Re: Working Moms/SAHM/Wives/Financially Independent Women

I am curious, what is this bit about the tree branch? Reference?