Finances and Saving Money

Re: Do you save money...

Winterdreams — Sun, 18 Oct 2009 09:21:46 GMT

I dont have a bank account i get paid cash, My dh money pays for all the bills etc, and my money is for the everything else which isnt important, Going for a meal, Shopping for clothes.

Also dh gives me x amount each month, As and when i ask for it for my own things, But i do save a little out of this amount that he doesnt know about, not because of think im going to need it one day. there isnt enough there, But i save it to buy him a birthday present or christmas present.

This system works well for us :)

Re: Do you save money...

oneWAYorANOTHER — Sun, 06 Sep 2009 20:45:53 GMT

Yup that's what i had on my mind. That I wouldn't hide money from my DH ,but he don't know how much I have on mine and I don't know how much he has on his. So It is kind of a secret ;)

Re: Do you save money...

mydreamteam — Sun, 06 Sep 2009 19:54:44 GMT

Anulka7891:
My and my Dh have separate accounts,that may seem weird to many people but works for us. He's account we use to pay bills,buy groceries ect. and mine we use to buy stuff for home, gifts ,clothes ,toys,cable,internet... Mine account is to pay for pleasures and his for pay for basics :) And we both love it. We are both very independent people ,we also have savings account that is on both of us and there we put extra money when we are saving for sth bigger like furniture ,car, house,vacations. Works for us:)

That's not weird. I think a lot of people do that! Actually my DH and I had 'his', 'hers' and 'ours' accounts for the first few years of our marriage. Once we no longer had as much discretionary income, it didn't make sense to try to divide it up any more. This thread is really about secret or hidden money though. You can keep it separate and still not be hiding it, kwim?

Re: Do you save money...

reese1206 — Sun, 06 Sep 2009 17:47:48 GMT

No I do not. Not for that. I have no fear of him leaving me at all. If something does happen to him I know God will take care of us.

I do however put aside money for his Bday presents and for Christmas. Money that I make off the stuff I sell. He can be sneaky so I want to make sure it's a surprise what he gets.

Re: Do you save money...

oneWAYorANOTHER — Sun, 06 Sep 2009 17:43:02 GMT

My and my Dh have separate accounts,that may seem weird to many people but works for us. He's account we use to pay bills,buy groceries ect. and mine we use to buy stuff for home, gifts ,clothes ,toys,cable,internet... Mine account is to pay for pleasures and his for pay for basics :) And we both love it. We are both very independent people ,we also have savings account that is on both of us and there we put extra money when we are saving for sth bigger like furniture ,car, house,vacations. Works for us:)

Re: Do you save money...

wishing4aSon — Sun, 06 Sep 2009 17:13:42 GMT

girls2mama:

Actually, if you have joint bank accounts, one spouse could technically drain those accounts and make off with all that money. Obviously, we aren't talking about amicable divorce situations here. Again, the ONLY people I'd recommend do this type of thing are people who's marriage is in trouble, spouse involved w/drugs, gambling, abuse - basically situations where a spouse would do the aforementioned situation and drain the accounts which could make it VERY difficult to proceed with paying the bills while you go through the separation & divorce proceedings.

That's true.

Re: Do you save money...

mydreamteam — Sat, 05 Sep 2009 02:09:35 GMT

itsbabytime:
Even if you and dh did divorce it's not like he could just run off with all of the money, it doesn't work that way. Where I come from (Texas), it is a community property state, meaning everything we own is cut down the middle 50/50 should we divorce.

Actually, if you have joint bank accounts, one spouse could technically drain those accounts and make off with all that money. Obviously, we aren't talking about amicable divorce situations here. Again, the ONLY people I'd recommend do this type of thing are people who's marriage is in trouble, spouse involved w/drugs, gambling, abuse - basically situations where a spouse would do the aforementioned situation and drain the accounts which could make it VERY difficult to proceed with paying the bills while you go through the separation & divorce proceedings.

Re: Do you save money...

itsbabytime — Fri, 04 Sep 2009 20:28:30 GMT

No, Dh and I save money together and we both have 401K's in our own names, but nothing behind each other's backs - uhhhh, not that I know of anyway.

Even if you and dh did divorce it's not like he could just run off with all of the money, it doesn't work that way. Where I come from (Texas), it is a community property state, meaning everything we own is cut down the middle 50/50 should we divorce.

Re: Do you save money...

Mom2RJA — Wed, 26 Aug 2009 14:58:03 GMT

I don't hide anything from him. I do have one account that my parents set up for me years ago (long before I was married) that still just has my name on it, but he knows about it. He also has an account his grandmother gave him that is just in his name. We both have IRAs just in our own names. But everything else has both names on it, and nothing is hidden from the other.

I hope you can get life insurance soon. That's really important.

Re: Do you save money...

Jenni25 — Wed, 26 Aug 2009 14:53:24 GMT

No, If me & hubby split hes gonna pay BIG TIME :)...so Im not worried about it..if something happens we have good life insurance.

Re: Do you save money...

Southernbelle — Wed, 26 Aug 2009 14:48:28 GMT

The only people that I know of who do this are the ones that have issues in their marraige and they've been forced to consider life without their husbands support.

I can't imagine having a secret like that with my husband and it not impacting our relationship. Dishonesty in a marraige is the start of other problems.....just my opinion.

Re: Do you save money...

mydreamteam — Wed, 26 Aug 2009 14:21:48 GMT

I think your friends are a little over the top! I don't hide any money from my DH, but I have my own IRA account and we both have life insurance and our names are equally on everything. There's very little that he could just 'take' from me, kwim? Plus, where would I get any money to hide??? He knows my salary so I'd have to have some secret side job and I have no idea how I'd do that!!

Re: Do you save money...

wishing4aSon — Wed, 26 Aug 2009 00:38:18 GMT

I forgot to mention that I was advised to not have my money in a bank account (due to court and if hubby really wanted to, unless he wrote me a letter stating that he wouldn't, ) because legally, hubby could claim that money as his too.

So I asked where would I put it then? And they said, "Put your money somewhere where only you and someone you really trust, like your mother, knows where it is, a hidden spot in your home." Or use your mother's address for the account with her name on it too, but do not use your own!

When I heard that I was cracking up, lol! I can just picture myself making a stash somewhere in our home as if I am some kind lunatic, lol!

Ohh yes, my wonderful girl friends are hecka funny when it comes to dealing with men, lol!

Re: Do you save money...

Fearymay — Wed, 26 Aug 2009 00:16:40 GMT

no.. well.. *ish*.. but not really.

we have a savings account that is under my name.. and we have an agreement that if anything happened that money would be mine to help me and the kids get settled..

so. yes and no.. not behind his back. nooo way.. and it isn't seen as money for that. it is OUR money... but if something like that happened.. he wouldn't fight for it..

Re: Do you save money...

MyLilSweetPeas — Wed, 26 Aug 2009 00:14:39 GMT

I honestly think your friends are full of it. Yes, it's good to be prepared but that is totally negative how they are putting those thoughts in your head. I poke money back so that I can sometimes have a little spending money without dh knowing that I spent anything, LOL...but that's just for my little simple pleasures, yk?...

If you feel secure with your dh and your marriage then I would say that you do not need to have a separate savings.