November 2008 Weddings
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Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Vacations, bit ticket items, etc... how do you...
... figure out who pays for what?
I've got my lovely washer--almost there picking one! (stuck on 2)---that we need to pay for and we're planning a camping trip that one of the two of us needs to fork over some cash...
Do you have a savings for things especially like this or do you figure it out when the time comes?
I just paid off another cc and really wanted to be able to breathe for more than 4 days...
Re: Vacations, bit ticket items, etc... how do you...
DH and I each put money into a joint account. This account pays our monthly bills and other stuff.
Some times it pays for things totally sometimes we split things up. Just depends.
Like when ladmo pulled the $1000 E-vet trip, DH and I each paid for a potion out ofour own pocket and then the joint account paid for a portion.
We have an emergency fund account and a general savings account. The items that you described would come out of our general savings account.
All of DH's paychecks go into our joint checking account and all of mine go towards my student loans and into our joint savings account. That way there's really no figuring out who pays for what.
ETA: We automatically transfer $100/month from our checking account into our general savings account to be used for vacations. I suppose we could set up a separate savings account for travel, but we haven't done that yet. I suppose I'll just have to remember what percentage is specifically for vacations.
We pay for everything. We have one joint account. If something needs bought as in a washer it comes out of the account. We put both of our checks in the bank and keep some cash for the week, gas, lunch & such like that. We disscuss everything before we buy it. I don't keep money from DH and he doesn't keep money from me.
My parents do this, like my mamma has "mad money" she calls it, like $300 that my daddy knows nothing about and I have had 20 years of seeing that not work.
I am saving up right now for him a B-day gift but he knows I am.
We do have a joint acct, but it's not a lot and I think we put a lot in our own accts... they're separate on purpose as there were concerns someone else would go after 'our' $ if it were together (not moi, but...). We did both start putting more in there-just not quite what we need for the other items...
hm...
We pay for everything together.
Joint account.
We decide together how the money gets spent for big purchases. For smaller wants and needs we don't question smaller spends.
ETA: DH keeps $25 from each paycheck in a "Presents for Jen" account that he had befrore we were married.
The rest of both our paychecks (well, my unemployment payments and DH's check) goes into the joint checking, then from there a set amount is transferred to the joint general savings, the baby savings, the pet savings, and the vacation savings accounts - all are joint - we both can see all of them.
TTC #1 13 cycles, CP 6/09, TTC #2 1 cycle
CDing, EP'd for 13 months for #1, BFing for #2
Pregnancy Hypertension - inductions at 39w, I grow big babies: DD was 9 pounds 1 ounce 22 inches, DS was 11 pounds even 22 inches - both vaginal deliveries
We have 2 checking accounts and 3 savings, they are all joint. One of the savings is an online savings account and that is used to save for "big" purchases (wedding, and now a house), that one is also to only be touched on an emergency basis.
The other 2 account (2 checking 2 savings) are through our bank, we each had 1 of each account separate before getting married, after the wedding we put each other's names on each account and we use "his" accounts as "main" accounts and mine are "secondary". $50 gets put into each account each pay period HE gets paid, except the "main" checking account, ALL monies gets put in there (direct deposits, etc).
We both decide what gets bought when and what the money gets spent on.
We have joint savings and a joint cc, and we each have our own checking and cc that we had before we were married. We have a combined mint.com account, so we both can log on at any time and see exactly what is going on in all of the accounts. We kept our checking accounts because N MUST balance to the penny, and I am not that detail oriented. I've never had an overdraft charge, so I think my way is just fine, but it would drive him nuts if we tried to have a joint checking account.
I pay half the bills out of my checking, he pays half out of his, and whatever we have left after paying bills (and incidentals) gets transferred two times a month to our joint savings account. We don't have any cc debt or student loans, and we decide together about any vacations or big purchases.
After we move, we are planning to ditch his personal checking account and open a joint checking account. We'll deposit everything in there, and it will be used for all bills and his incidentals, and he'll balance it. We'll transfer a set amount each month to my personal account for my incidentals, so I don't freak him out with my lack of balancing :P.
We have recently consolidated. When J eventually emptied his account, he closed it out and uses the joint account we opened. I have a seperate checking and savings account. We don't really have any savings
, so the savings and joint accounts are more like cushions for my checking account. I deposit $100 a month into savings, but eventually it gets transferred back. I hope to stop this madness soon.
Big ticket items go on my mileage plus card so that we can earn miles. We pay them off fairly quickly... either the next month or two or the next 6 months depending on the size. The honeymoon went on my credit card and I paid it off from money that we got back from taxes.
We divided up bills based upon percentage of total income. Basically it came out to J giving me $400 every month. Then while he was unemployed, I handled everything, which has made things very tight.
When he starts his job - it'll 50-50, which will be nice. Then we'll start saving up for things again, like vacations and such. I'll still put it on the card, but pay it off before the bill.