answersLogoWhite

0


Best Answer
Copy

Divide the bills up equally. Not necesarilly in half, equal to income. And have two separte accounts. Don't mix your money. But everything still has to be "ours." You just don't really look at the other persons finances. And if one partner needs extra money for something and the other has it, then, of course, money can be shared. But for the most part, it's separate money and separate bills. I wish my husband and I would have done that from the beginning. We have two different spending habits and it's hard with a joint account.

My parents have that problem. You manage your own money and your spouse manages their own money. That should help eliminate some of the disagreements. At the same time though, you should still have a mutual understanding of who's going to pay for what and how much each of you is going to contribute to an "emergency" fund.

Step1: Both have to have an income.

Assuming an approximately equal workload either by being employed

or by doing all the household chores, taking care of the kids, etc,

there should be a rule to equalize the income: say, a third of the income

belongs to the spouse.

Example: He earns 2100, she does most of the household chores and

earns about 600 on the side, workload about the same.

He gives a third of his income to her (700), she a third of hers to him (200),

result is 1600 for him and 1100 for her.

Step2: Three bank accounts for three types of expenses: his, hers, and common.

A common expense is what both agree to be a common expense.

Obvious things are rent, food both eat in about the same amount,

a car both use regulary, tickets they both want, etc.

Less obvious candidates are things like her make-up.

Now if he likes her prettied up then he'll consider it a common expense

since he, too, wants her to use make-up. If he doesn't want her to use it

because he considers her pretty anyway and it just increases the danger

of losing her but it's important for her self-esteem she may continue

to use it - but at her own expense.

Let's continue the example from above: Let's say the common expenses

amount to about 75% of the total income. Then each transfers 75%

of his income to the common account. This leaves him 400 and her 275

for things like presents or individual expenses that are of little benefit to the spouse,

or even expenses frowned upon by the spouse.

If they want to save up for some big future common expense (like a car or a house)

it may be smart to have a common account for running expenses

and another common account for common savings.

User Avatar

Wiki User

โˆ™ 2015-07-17 17:30:43
This answer is:
๐Ÿ™
0
๐Ÿคจ
0
๐Ÿ˜ฎ
0
User Avatar

Add your answer:

Earn +5 pts
Q: What are some good strategies for managing household finances and avoiding conflict when spouses have very different attitudes towards money?
Write your answer...
Submit

Related Questions

What are the four common risk mitigation strategies?

Controlling, Avoiding, Transferring and AssumingAvoiding, Mitigating, Transferring, and Accepting


Extending the schedule to increase the probability of success and using different materials or processes with proven track records are examples of which risk mitigation strategies?

Avoiding


Because violence is so common in our society it's important to learn strategies for or violence?

Some important strategies to learn about violence are: Avoiding Preventing Resolving


How do you avoid cracks in your anus?

To avoid cracks in your anus (anal fissues), make sure that you are avoiding constipation and straining during defecation. Talk with your health care provider about strategies for avoiding constipation that make sense for someone with your health history.


How are stress-related illnesses treated?

typically involves one or more stress reduction strategies. Stress reduction strategies generally fall into one of three categories: avoiding stressors; changing one's reaction to the stressor(s); or relieving stress after the reaction to the stressor


How can renal artery stenosis be prevented?

Strategies for avoiding vascular disease include eating right, maintaining a desirable weight, quitting smoking, managing stress, and exercising regularly.


What is a sentence for avoiding?

I was avoiding my mom to not get in trouble.


What are the four risk strategies for controlling risk?

1. Controlling risk 2. Avoiding risk -(Changing the source that is subjecting the program to risk such as reducing the scope of the performance objectives) 3. Assuming risk 4. Transferring risk


What is dodging?

Dodging is the act of avoiding an obstacle or avoiding an unpleasant situation.


How are Confucius's Hinduism and Buddhism alike?

Buddhism and Hinduism are alike because they both believe in not harming living creatures and avoiding bad attitudes. Also, they believe in reincarnation (or being reborn) and they both meditate to find peace in them self's and the things around them.


What kind of obsessions are common for people suffering from obsessive compulsive disorder?

constant hand washing , household items facing a particular direction, avoiding cracks in the pavement, touching street fire hydrandt signs "h"


How do you know when your boyfriend doesn't like you?

He will seem standoffish, try avoiding you or use excuses, if he is around you he may seem totally different and uninterested and just different towards you altogether.


What are the signs of my husband cheating with the neighbor?

Avoiding her in public and avoiding her husband in private.


What are some strategies for scoring over 9200 in Simple Jumping on HorseIsle?

First, get peggy tack Then, max your horse Then, practice Pretty much, the basics. the developers of the site did a pretty good job of avoiding loop holes. Theres no cheats, I believe.


List seven techniques you can use to cope with stress?

There are many ways that one can cope with stress, and some strategies work well for some but poorly for others. Some strategies to try would include: calming breathing exercises, yoga, meditation, keeping a journal, avoiding situations that will trigger your stress (if possible), regular exercise, talking about your stressors with a supportive friend or family member.


How do you befriend someone who is avoiding you?

You will have to ask this person why he or she is avoiding you. There is some problem that has to be resolved if you are to befriend this person.


Can bronchitis be prevented?

Bronchitis can be prevented by avoiding smoking and by avoiding air pollution. Getting an annual flu shot and avoiding sick people can also help to prevent bronchitis.


Where can one find more information about shark bites?

There are several different options in order to find information about shark bites online. Some good sites include for example "SurfScience" with the page "Avoiding Shark Attacks" or "Oceana" with the page "Tips for Avoiding Shark Attacks".


What does avoiding mean?

"Avoiding" is the present participle of avoid, keeping away from someone, or making no effort to meet them.


Why were people avoiding World War 2?

The people were avoiding world war 2 because,they were afraid.


What is the meaning of avoiding self -pollination?

The male and female parts matuers in different times. There are barriers between the male and female. The male and female parts are located in different places. A student from A.G.S.


Can a father give up all rights to his child and not pay child support in New Mexico?

Generally, no. That is not an option for the purpose of avoiding child support.Generally, no. That is not an option for the purpose of avoiding child support.Generally, no. That is not an option for the purpose of avoiding child support.Generally, no. That is not an option for the purpose of avoiding child support.


What are the different classifications of consumers or heterotroph?

*analytical *looking for alternative or substitute *alert *reasonable *budget conscious *avoiding panic buying *not affected by advertisement


What rhymes with avoiding?

voiding


Advantages of scheduling?

Getting things done Avoiding forgetfulness Budgeting your time Avoiding overworking Sticking to priorities.