Finances in relation to childcare
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Hi darling - I’m worried that I’ll be unable to contribute proportionately to the cost of childcare and based on the review of costs etc - I can contribute £x (x can also be £0) into the joint account bill. I really didn’t want to make any assumptions, so thought it would be best to discuss it first. Will you able to close the gap of £x from your salary please?
Me and my husband pay equal percentages of our salaries into the joint account as he earns double what I do.
What I do, and a lot of other people I know do - put both salaries into the joint account and each withdraw the same amount of disposable income so you both have the same amount to spend as you wish. Everything comes out of the joint account, including childcare costs. I really don’t think it’s fair, especially in a marriage, for one partner to have lots of spare cash and the other to be struggling. It’s a partnership and all money is shared in my opinion
I make double what my husband does when not on mat leave and we have a joint account where all our paychecks go into and everything comes out of there. We discuss large purchases together.
If you’re married his money is your money. I don’t understand why you would even have to think or discuss it. You pay it like you pay all bills.
How would you typically approach something like this? Although we've not got a joint account, solely as we keep forgetting to set it up and changing payroll is a mare where we work, we've not done it. Aw treat our incomes as our money. My partner earns more than me and appreciates he needs to foot more than I can. I pay for nursery, council tax and media bills but that's it other than shopping then really. As he has more money freed up personally he should cover it but I appreciate some people wouldn't like that or appreciate it. But I'd absolutely sit down and have a frank conversation about it all together lovely. I know it can be hard, but communication is key well that and comprehension to understand it aha 💜 xx