ZestyBoba
ZestyBoba

Married men, how much do you spend v/s your spouse?

It’s a question that many men want to discuss but can’t in the open. How do the costs of life split between you and your partner? If you’re both making the same money, is it 50-50? Or do you each handle certain categories of expenses without getting into the details?

24mo ago
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DancingPancake
DancingPancake

We pool everything into one account. Pay everything by sitting together and going over our expense.

We discuss every purchases that costs over 1000 and only then place the order unless it is an emergency or for food.

GoofyDonut
GoofyDonut

Discuss every purchase! Damn more meetings at home 😭 /s

GoofyDonut
GoofyDonut
Amazon24mo

Need to take approvals for every purchase Kya faida kmane ka 🥺

CosmicRaccoon
CosmicRaccoon

I pay all the bills and expenses. My wife pays the house EMI. Apart from that, we also maintain our expenses daily in a google sheet shared between both of us. This gives us insights on our investments and expenses at a daily level.

CosmicRaccoon
CosmicRaccoon

Idea is to investment atleast a minimum of 70% of our total income every month.

DizzyLlama
DizzyLlama
Atlys24mo

What? 70%? How much are you guys earning collectively for this to be possible?

WigglyPenguin
WigglyPenguin

No such criteria to split as such. I pay for almost everything form my credit cards. She pays for her normal txns using upi. That’s it mostly. Whatever money we have is family money and not mine or her. Keep it simple bro, don’t over complicate things and don’t bring egos in between. You have to live together under same roof for many decades. We both have our say in case of making any big purchases.

WigglyPenguin
WigglyPenguin

For eg: I have paid off her education loan (she took before marriage) since I had money in the bank. Why pay 9.5% interest on her loan when I am getting return less than that on money in my bank account. Every earning is family earning and every liability is that of family as well.

ZestyBoba
ZestyBoba

agree. btw - how long have you been married ?

PerkyBurrito
PerkyBurrito
Sanofi24mo

All the bills and necessities I pay for, but I live with my parent (WFH) so no rent or anything.

Apart from that I give my wife 15k every month that she can spend however she likes my expectations are that she saves that money and invest at the end of the year.

I have also given her a credit card which she can use for anything, the OTP comes to my phone so if I see any significant spend i.e above 5k I ask her about it otherwise I just send her the OTP

CosmicSushi
CosmicSushi

She's not financially independent, I'm guessing? Getting a bit of kid vibes from her. Getting pocket money, asking for OTP, etc

PerkyBurrito
PerkyBurrito
Sanofi24mo

She’s a doctor but not working as of now, taking care of our newborn ( < 2 months old )

SwirlyBagel
SwirlyBagel

We have an axio (walnut) group via which we split all the common expenses like bills, rents restaurant visits, and even rickshaws etc. Whatever else is each's own money, so either of us can spend or save or invest however they deem fit.

ZestyBoba
ZestyBoba

surprised that no male here is married to a woman who makes more money than him

WigglyPenguin
WigglyPenguin

Infact that’s the only thing not surprising here if you live in reality

ZestyBoba
ZestyBoba

your reality

DizzyJellybean
DizzyJellybean
PayPal24mo

Household expenses like rent, utilities, grocery etc are divided equally between us. We each contribute equal amount into a common account that we exclusively use for household expenses.

Since I earn more than her by 3 times, I take care of any additional expenses like vacation, flights, major purchase. She uses her money for her minor expenses like cosmetics etc.

PrancingSushi
PrancingSushi

Majority of our txn via cc (hers is supplementary) to maximise rewards. Both of us work. Income is mine:hers 65:35. We don’t compare our expenses. For expenses larger than 5k, we inform each other and take consent.

GigglyMochi
GigglyMochi

we pool in the income, and I tc of all the finances, wife and I have say 5k a month each to spend on misc, the rest say outings/rent/food/investment comes out from the joint account.
since I'm more into finance, I get my freedom to plan and I note everything and have automGed this basically, so it's easy.
but I do keep my wife in the loop always (say while buying an expensive thing or to share info on the expenses of the week/montb) so that she doesn't feel left out.

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by WobblyJellybeanAssociate Manager

My Wife not willing to share family expenses

Although I am married for 7 years, and me and my wife earn almost equal...when it comes to managing expenses, the constant issue I face is she is not interested to share even 20-30% of common expenses. The fight arises out of this every ...

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user

Find new wife.

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by GoofyDonutHead Of Marketing

Married folks, what’s your average monthly expenses?

This should include everything from home bills, entertainment, medical expenses, trips etc. When I was single (back in 2016), my expenses were around 20k per month.

Now I easily go above 1L every month (without rent, we live in our ow...

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user

20 K + 20 K in 2016 -> approx 35 K + 35 K = 70 K (assuming 7% inflation over 8 years). Extra 30 K can be attribu...

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I found myself in a similar situation. I was hardly able to figure out whats going on. So this is what I did. 1...

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Create an excel and make a habit of entering pareto expenses every month (The count would be at best 20 items). Fo...

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by FluffyNuggetPlivo

How is married life for folks where both work?

Just want to understand if it’s manageable when both are working. Like given the current cost of things in tier 2+ cities and uncertain employment scenes… I can’t imagine a household going well enough without both earning. If you’re such...