Quote:
Originally Posted by CliffFletcher
Up until quite recently, that was the norm for most everyone. And still is with most immigrant families, I'd imagine. One member of a couple brings in the money, the other allocates spending. Was that fair to the person earning all the money? Most seem(ed) okay with it.
I have read articles that show married women are more likely to regard their income as their own than men are. So maybe these changing norms are a consequence of more women out-earning their husbands than in the past.
I do wonder what separate finances couples do once they have kids and one parent wants to leave the workforce for several years. Maybe couples with separate finances tend to be couples where both are strongly career-oriented so nobody plans on taking a serious income cut once kids enter the picture.
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We keep separate accounts because we like to manage our own money but major decisions are made together and the balance of who pays for what is very fluid depending on work situation, bonuses, etc. When my wife stopped working I picked up all the common expenses but we set up a monthly payment to her out of money she had socked away before quitting so she could retain her independence. When she started working again we rebalanced.
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