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We had an interesting debate in the office yesterday about our various staff member's financial arrangements with their boyfriend/girlfiend/husband/wife. It was a fun discussion simply because everyone had such different arrangements, and one person's ideal solution was another person's nightmare.
The topic arose because the person organising our office secret santa asked how much people wanted to spend, and one colleague answered that it better be under £10 or he has to ask permission from his wife... and he wasn't joking.
OK, so these were the arrangements:
Older male colleague, married all his life, 2 incomes, one joint bank account, but she manages all the money, he gets pocket money and must negotiate any purchase over £10.
Younger male colleague, newly married, 2 incomes, each have seperate bank accounts for their respective wages and a joint account they put money into for mortgage and bills. Both pay the same towards house and but they earn more or less the same.
Older female colleague, married all her life, 2 incomes, one joint bank account. He brings most of the money home which pays for house & bills. Her 3 days a week admin job is effectively all hers to spend as she likes.
Young female colleague, cohabiting with long-term partner, 2 incomes but he earns more than her so pays proportionately more towards rent & bills.
Middle aged male colleague, married, he is sole bread winner. They have a joint bank account but he also has his own savings account he puts money into he sees as his. She is at home with 1 kid. She doesn't have to negotiate purchases "within reason".
Young female colleague, cohabiting with long-term partner, 2 incomes but he earns 3x as much as her but the rent & bills as well as other major expenditure like a holiday are all split 50/50.
What are your arrangements? Does it work for you? Do you think some systems are fairer than others?