Texas Proud
My sister and BIL does that... they each get their allowance... do anything you want with it, but all other decisions must be made by both... obviously you are still new to it all..
Seems each couple has to figure out what works best for them.
My Sister and BIL each take an equal percentage of their income and put it into a joint account. All joint expenses come from this account. What's left over is their own personal money. No questions asked. The husband buys 'boy' things like tools, car parts that jazz up their racer, or whatever things guys buy (
), my sister buys 'girl' things, like pedicures, days at the spa, or gifts for family, etc.
It works for them.
OTOH, when Billy and I first met (29 years ago
)we had little money. We got back from 6 months in Europe, after researching restaurants, food, wine, etc., and Billy worked in a French restaurant (before we opened our own in the Monterey Bay area). Billy had $4 to his name at the time, and I had the upper hand: I had $100 and a job prospect.
So we both started with nothing, and put it jointly into the pot. We work things on the 49/51 veto power, with each trading positions depending on who's better in that particular area of decision making.
P.S. I'd love to have an allowance! 8) Heck, I'd even call him "Daddy" if that'd work!
Akaisha
Author,
The Adventurer's Guide to Early Retirement