In my marriage, I’ve handles the finances for most of our life together. When my husband and I were first together, he did his own and I did mine. Starting with our marriage, I’ve handled all the finances – paying the bills, monitoring our limited investments and bank accounts, refinancing our house, getting car loans, and doing the taxes.
For the most part it’s an arrangement that has worked. While I’m not a money person, I am an organized person always anticipating what we’ll need in the future. My husband’s strength lies in his ability to fix just about anything and save us money, not to mention he goes to work.
According to a survey done by American Express, men tend to handle the most of the financial chores in the family while both sexes see themselves as handling the household budget. While assigning the financial chores to one spouse or the other can work during a marriage, it can work against married couples when divorcing or one dies. Even if one spouse isn’t up to date on the daily money decisions, they should be familiar with the family’s finances just in case something unexpected happens.
23 Moms Weigh In on the Division of Financial Chores
Since I thought my story was pretty boring, I decided to ask 2 groups of bloggers who handles the finances in their family. I was so happy to get so many responses.
Korilynn of One Cheap Utah Chick
I handle the finances in our house. Every two weeks we have a “Money Meeting” (which falls on the same week we’re both paid). We sit down and discuss what needs to be paid for the next two weeks, extra expenses we might be paying those next two weeks (i.e. oil change for the car, baby needs a new jacket, etc.), then we go through the monthly budget to break down the finances between the two of us. The last paycheck of every month we see what money is left over (after bills and savings), and make a large payment on debts. Then repeat the process. We have found it easiest for one person to handle the expenses, because then we know what is going on, what needs to be paid, etc.
Dana of Travel Deals by Dana
I handle all the finances, pay the bills, budget our money, etc… all my husband needs to do is go to work!
Heather of Girl Gone Mom
Since I do not work outside of the home, I handle bills and budgets. However, we make larger financial decisions together.
Sarah of Finnegan and the Hughes
We both work full time outside of the house, and I don’t want to deal with bills on top of caring for the kids/house/life so my husband does it all. We both discuss big purchases and decisions, but he does all the month to month stuff. My husband jokes because I can’t even remember how to write a check I haven’t written one since before we were dating. He handles all the bills and I spend all the money us too only joint accounts here and our credit cards are in both our names.
Lindsay of Pandora’s Deals
I’m in charge of the day-to-day purchases and banking including bill-pay and saving for smaller things like beach vacations, etc. My husband is in charge of longer term investments like saving for college and retirement. We both know what’s going on in both realms at any given time, and each have access to all the money. All accounts are joint. But his forte is investing for the long term, and mine is saving for the short term and managing the day to day. So this works best for us. And big purchases (our TV just died…waaahh!) are discussed together before pulling the trigger.
Nicole of One Punky Mama
I handle all the finances, mostly out of necessity from when he’s deployed. I just kept doing it because it’s easier than swapping back and forth between us every time he needs to be away. We consult on large purchases and investments, but otherwise he’s really not that interested.
Miranda of Princess Among Super Heroes
I stay at home full time, and my husband works full time outside of the home. I handle all bill payments and division of money (deposit to savings, extra fun money to his account) from our joint account.
Jessica of Eat Sleep Be
My husband handles all the bills and banking. He prefers it that way and so do I. Yet all of our financial decisions are made jointly. Only joint accounts. And our family uses two credit cards equally. One was opened in my name and one in his name.
Trina of O’Boy Organic
I am in the boat with Jessica – husband takes care of the bills and banking but our financial decisions are made jointly. We also only have joint accounts (except for my business)
Carrie of Chockababy
I’m the same as Dana. He makes the money, I do the budgeting, shopping, balancing, and try to keep him in the loop!
Lesa of Bear Haven Mama
My husband is gone for weeks and sometimes months at a time. I do the budget, pay the bills, and set a budget for his travel and food expenses. We have a joint account that is connected to his expense account so that I can put the travel money in there every month. However, when it comes to doing taxes, I let him handle all of that.
Amy of Happy Mommy Healthy Baby
I am a SAHM mom, so we only have one income. He pays the mortgage and puts money in the bank for me to pay bills, and everything else (shopping, vacation saving, etc) we do together via cash.
Raquel of Organized Island
I handle the bill paying, but we review our budget about 4 times a year together to set goals and see how we did. We have automatic deductions for savings and we put cash into envelopes for dining and groceries. When it’s gone, we pull from another envelope or made so without. This has worked better than debit cards because the cards make it easy to overspend.
Estelle of Musings on Motherhood and Midlife
I pay most of the bill, including our maintenance on our apartment. He pays the mortage but I know what that is.
Stephanie of Mama Bears World
We make a monthly budget collectively and also make all big ticket purchase decisions together. My husband is the one that actually pays the bills so that we have one person doing the payments (so that we don’t miss or double up by accident) but I can do it if need be.
Jo-Lynne of Musings of a Housewife
My husband does it all. He just tells me when the bank account is getting low. LOL. (I stink at finances.)
Robin of Honey Badger Mom
My husband thinks the bill fairy takes care of all that. He also volunteers my tax-filing services to his friends.
Heather of Real: The Kitchen and Beyond
Dave takes care of the bills. We have a budget we both agreed to, there is very little room for error, and we make joint decisions on pretty much everything. We have a joint account and soon will have a second account for business but that will be joint too. I honestly have too much to deal with to have the stress of the budget land on me. I don’t deal with it well. Tax season is mostly on me though – I get most of it prepared for the accountant.
Sierra Rix of Actual Mom
I pay all the bills- everything. Oh and make the budget etc. it’s just easier because I do all the grocery shopping, clothes shopping etc.
Amiyrah of 4 Hats and Frugal
Kelly of The Centsible Life
I take care of the day to day decisions and bill paying and my husband is involved in the ‘big picture’ stuff. We have monthly or weekly meetings (depending on what’s going on) where we discuss spending, saving, and long-term goals.
Cindy of Whatever Works
Who Handles the Finances in Your Family?
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