As I have mentioned previously (The Starting Point), Mr W and I do not have joint finances. As far as I can work out this would seem to be unusual, at least in the personal finance blogging world. Certainly, of those blogs that I’ve read it seems that couples generally pool their resources.
I suppose the upside is that I have my own money and there is no danger of anyone else spending it. Also, having separate finances does mean that we have to discuss any large purchases because it requires agreement that we are both going to contribute On the other hand, I have no knowledge or control over what Mr W spends his money on and there has to be a level of trust that we are each working towards the same goal.
We do talk about our finances a fair bit and have agreed that we have two main aims – to renovate our new house and to be mortgage free. So, we’ve agree that Mr W will have his own progress bar on this website. As you can see, he’s ahead of me already. This cannot be allowed.
