Brightside2016
Registered User
- Messages
- 3
Background:
We are married and have children.
We have 3 current bank accounts: hers, his & joint.
I earn 4 times more than my wife.
My salary is paid into my own account.
My wife's salary is paid into her account.
We own our house, and have no mortgage / no loans/ no debts/ no credit cards.
Wife have never shown any interest in managing finance, nor does she want to manage it. So i have been doing it for years on my own.Everything is recorded into spread sheets, hence i have a very good idea about outgoings and bills to be paid at specific dates. So may be too much of a big brother at time.
Husband's salary is paid into his own account. Money is transfered from own account into joint ac on regular basis to pay for groceries, all utilities (incl wife's mobile until recently), home insurance, health insurance/bills, all motoring (hers until recently), clothes (mainly his & children), holidays, school fees, etc...
Balance on joint ac is normally kept around €500. This is legacy from the time when interest rates were higher. He used to put money into instant access deposit account, and drip feed into his and joint accounts as needed to maximise interest.
I used to have a credit card linked to own account, and gave my wife a duplicate card. She never used it. I did not see any needs for a credit card ac as bills were paid 100% by DD, so account was closed a year ago.
Wife's salary is paid into her personal account, and no money is transfered into joint account.
I have no idea about ins/outs/balance of her personal account.
For the first time last week in 15 years, joint account reached €0 (my own mistake).
My wife was unable to pay for groceries with joint card, and had to use her own card.
This sparked a big argument. Claim being that I am trying to control her spending, and trying to stack up money for my own, that I spend as i want but she can't.
While I do not see anything wrong with current setup, I probably can't see the woods from the trees, and this setup may not provide my wife with the security she needs. There has always been financial issues between her parents, and may explain how she feels.
So would you go about organising accounts differently to better meet individual needs?
Thanks.
We are married and have children.
We have 3 current bank accounts: hers, his & joint.
I earn 4 times more than my wife.
My salary is paid into my own account.
My wife's salary is paid into her account.
We own our house, and have no mortgage / no loans/ no debts/ no credit cards.
Wife have never shown any interest in managing finance, nor does she want to manage it. So i have been doing it for years on my own.Everything is recorded into spread sheets, hence i have a very good idea about outgoings and bills to be paid at specific dates. So may be too much of a big brother at time.
Husband's salary is paid into his own account. Money is transfered from own account into joint ac on regular basis to pay for groceries, all utilities (incl wife's mobile until recently), home insurance, health insurance/bills, all motoring (hers until recently), clothes (mainly his & children), holidays, school fees, etc...
Balance on joint ac is normally kept around €500. This is legacy from the time when interest rates were higher. He used to put money into instant access deposit account, and drip feed into his and joint accounts as needed to maximise interest.
I used to have a credit card linked to own account, and gave my wife a duplicate card. She never used it. I did not see any needs for a credit card ac as bills were paid 100% by DD, so account was closed a year ago.
Wife's salary is paid into her personal account, and no money is transfered into joint account.
I have no idea about ins/outs/balance of her personal account.
For the first time last week in 15 years, joint account reached €0 (my own mistake).
My wife was unable to pay for groceries with joint card, and had to use her own card.
This sparked a big argument. Claim being that I am trying to control her spending, and trying to stack up money for my own, that I spend as i want but she can't.
While I do not see anything wrong with current setup, I probably can't see the woods from the trees, and this setup may not provide my wife with the security she needs. There has always been financial issues between her parents, and may explain how she feels.
So would you go about organising accounts differently to better meet individual needs?
Thanks.