SAHM
If you’re a stay at home mom how does finances work with you and your spouse? Do they give you a monthly allowance, do you share a bank account or do you ask for money when you need it?
First time mom and staying at home currently and thinking about asking my partner for a monthly allowance. Sometimes I just want to go out and spend without having to ask for him to buy me or the baby a specific item.
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He puts money into our joint account monthly for me and the baby, and he asks if she needs more milk, nappy, wipes etc and he’ll go and pick those up, it’s definitely a good idea to have some money for yourself so you can go and do things without having to ask for money x
I just have his card on my Apple Pay. I don’t even think he ever looks at his account so wouldn’t have a clue what I spend and never asks 😂
We share a bank account. Everything in there is considered ours, but we discuss most purchases outside of bills and necessities together.
He gives me a set amount each payday and I manage all expenses. What he has leftover is his spending money. I always ask about any bigger purchases but his answer is always ‘you know best’.
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We have a shared account, but I only ask to buy something if it's out of the norm or expensive. If I go to buy the kids clothes, it's a hey, I'm buying clothes for the kids. I just don't spend tons. If I want to spend money on myself, we just discuss the budget and buy spending tons, but it's not too big of a deal I personally don't like the idea of an allowance, but it works for some families