Timeline for How to share income after marriage and kids?
Current License: CC BY-SA 3.0
13 events
| when toggle format | what | by | license | comment | |
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| Nov 24, 2017 at 21:10 | comment | added | RonJohn | "I don't mean it negatively." Well, you should. If OP loves the girl, wants to spend the rest of his life with her, and raise a family with her (who are going to look at you like cuckoos for being "equitable" instead of "devoted"), why isn't he thinking of her instead of himself? | |
| Dec 19, 2016 at 15:18 | comment | added | TafT | Roughly how my partnership works at present. We each pay ~80% of our salary (after tax) into a joint account. That would be enough for either one to cover mortgage and main bills each month. We each keep 20% of our income as our own. Joint pays all household stuff (inc food), spare cash in there pays for holidays & mortgage offsets. If/when we have kids she will take some time off & pay in 80% of her £0 income (such a cheap child minder). | |
| Dec 16, 2016 at 21:44 | comment | added | O. R. Mapper | Concerning point 2, "This is a common issue for women whose spouse dies young and who have no credit history.", the OP may also want to look at the question about credit ratings in Germany, whose answers contain advice such as "There is no need to build a credit history." While the item might thus not apply to the OP, it is certainly helpful for residents of some countries. | |
| Dec 16, 2016 at 7:28 | comment | added | Chris | @Joe: I have accepted you answer because it makes the most sense to me and because you managed to build the bridge from my point of you to what seems to be the generally accepted convention. Thank you! | |
| Dec 16, 2016 at 7:26 | vote | accept | Chris | ||
| Dec 15, 2016 at 15:30 | history | edited | Joe | CC BY-SA 3.0 |
Added (2) for credit history
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| Dec 14, 2016 at 15:38 | comment | added | GalacticCowboy | One thing that struck me from OP: He is thinking like an engineer - everything has fixed value or cost (300/month/kid?) and won't vary. Guess what - none of my three kids costs the same amount per month, because they are at different stages of life, have different interests, needs, and problems. Some of my major monthly bills are relatively stable, but some vary wildly over the course of a year. | |
| Dec 14, 2016 at 14:31 | comment | added | Nobody | In additon, this actually is fair from a selfish point of view, iff you also split the work equally (which you really need to do) and value all types of work equally (which, while not common on the market, should really be done for families). That is, all work. That includes household stuff, kids stuff as well as working for money. If one stays at home, that one earns less, but doesn't work less and should thus get the same amount of free personal spending money. | |
| Dec 14, 2016 at 10:21 | comment | added | Chris H | We use the term "pocket money" for the personal monthly bit. Over 15+ years this has worked well, and one thing we've found is that we're progressively less bothered about what comes from that pot (e.g. in theory clothes are "pocket money" purchases, but if one of us picks something minor up when shopping for joint purchases it's not worth worrying about). More important is keeping on top of your total finances so that you don't overspend | |
| Dec 14, 2016 at 9:00 | comment | added | Konerak | This is exactly what we do, with one addition: each month, we both deposit a fixed sum (€100) on a personal account. The sum is equal for both of us, even though the incomes are not. This way, we both have some "free spending money" - although it's mostly used to buy gifts for the other person so they don't see what/where was bought before or how much it cost afterwards. When we needed money to build a house, we both "gave back" an equal part of this personal sum. | |
| S Dec 14, 2016 at 1:17 | history | suggested | user22731 | CC BY-SA 3.0 |
The specific clarification re: selfishness not being bad is sufficient; calling out American seems ill advised.
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| Dec 13, 2016 at 23:40 | review | Suggested edits | |||
| S Dec 14, 2016 at 1:17 | |||||
| Dec 13, 2016 at 6:16 | history | answered | Joe | CC BY-SA 3.0 |