DIsclaimer: This isn’t an argument to bash working or non-working wives/mothers, so..save it!
If you’re married/have kids, and work full time, what is your financial contribution to the household? Savings (for the future or luxuries), towards the rent/mortgage, utilities/groceries etc, personal expenses etc
I guess since it’s not as much as a discussion or asking for advice as much as just being nosy it can be moved to another forum I guess???
Re: Working women, what do you contribute to the household?
Here’s how we do it:
The household runs on my husband’s income alone (mortgage, utilities, groceries, etc). My paycheck (since I work in a school, we get paid once a month) is auto deposited in the following way…50% goes automatically to our joint savings acct, the rest is divided in half as well ways…50% goes to our joint household checking acct, and the remaining 50% goes to my personal checking account which is my own for shopping, personal stuff, beauty etc…I’ve played around with changing these divisions, and this formula seems to be working the best. My husband is satisfied that out savings is growing, and I still get my own autonomy/money to do with as I choose
Since I still work actively as a Realtor as well, any commissions I earn from selling or leasing a house will either go straight to our joint savings account if it is a big amount, or to my personal account if it’s a small, trivial amount.
Re: Working women, what do you contribute to the household?
just a sidenote... i dont think any one way is better than another. Couples work together to come up with something that works the best for them...
Unless individuals are hiding money from one another or not respecting one anothers earnings or just behaving more like "mine" rather than "ours"... generally things are pretty good :)
Having said that.... couples (most) have little disagreements about how and when to spend money... guaranteed.
Re: Working women, what do you contribute to the household?
just a sidenote...** i dont think any one way is better than another**. Couples work together to come up with something that works the best for them...
That's true...but just wondering how/what most couples do, that's all.
Re: Working women, what do you contribute to the household?
Both of our income goes into the joint savings.
If I would have to itemize our expenses, his income is used all our living expenses (cars, house maintenance, utilities, insurance, medical, vacations and mine goes for savings (college funds, retirement funds, etc).
Re: Working women, what do you contribute to the household?
both our incomes to to a single joint checking account. From there, a specific percentage is auto extracted monthly to a regular savings/retirement account for us and for a second savings account for the kid.
personal needs (what personal needs yaar ) all come from the joint checking account …
oo on my lack of a personal personal account in case of badness … husband knows that I will kill him dead (being 100% serious here) if he ever thinks of straying … sooo ye.
Re: Working women, what do you contribute to the household?
His income pays for all expenses (on a side note: He bought his house before I even met him so most expenses related to the house really hasn't changed since I moved in).
My income goes towards savings/investments. And of course, it also goes towards my personal expenses (paying off my car, my own shopping/going out etc.). But overwhelming majority of it goes towards savings.
All our accounts are separate but we both have full access to each other's accounts, and usually go through financial paperwork (taxes, monthly credit card bills etc. together).
Re: Working women, what do you contribute to the household?
Same here…access is mutual, decisions are made together, investments (we have 2 investment/rental homes) are managed together…but I still like having my “own” play money
Re: Working women, what do you contribute to the household?
Ha…I need my own play money…lol. When we go out with friends…we’re usually together…and even trips to the malls (ie. either one of us shopping) is done together. So not much to hide there. But I do have my “small pleasures” such as eating out for lunch on some days even when I take lunch from home, random trips to ULTA to buy a OPI (or 2 or 3!) etc…that he doesn’t really need to know about. :halo: And umm…he may or may not be 100% aware of exactly how much I pay for my hair at each visit. So ummm…yea…separate accounts is the best for us.
But I will say one thing…we have always had an unspoken rule/agreement between us…ANY expense above $100 is always discussed. Whethere’s it a household expense, vacation, gifts, “personal”…whatever…neither one of us spends more than $100 before discussing it.
Working women, what do you contribute to the household?
Ladies should submit their money every month to their hubbies. And not just hand it over to him, but make him sit in his recliner, and then do a nagan dance in front of him while holding the stack of dollar bills on her head, and at the end, with respect, put that stack oos ke charno pe
Re: Working women, what do you contribute to the household?
Before moving to Canada, I worked and my earnings was our savings for the most part and I used to use part of it towards,my personal stuff clothes, hair and so on. And some of it was used for gifts to my family.
His income was solely used to run the home, car payments everything. Since moving here I have not worked but if and when we do have me working we will be following the same pattern.
We used to have separate accounts back home but here in Canada we have joint accounts a checking and a savings, all decisions are made mutually.
Re: Working women, what do you contribute to the household?
Islamically the husband should provide for his wife right? mortgage, house bills etc thats all up to him isn't it?
And whatever money the wife earns as her own is her own. If she wants to help her husband out then thats fine.
If someone has a mortgage its that persons responsibility to pay it. They shouldn't ask the other to pay half just because they're married. Mortgage is in husband's name, husband pays it.
Re: Working women, what do you contribute to the household?
Ladies should submit their money every month to their hubbies. And not just hand it over to him, but make him sit in his recliner, and then do a nagan dance in front of him while holding the stack of dollar bills on her head, and at the end, with respect, put that stack **oos **ke charno pe