In some relationships, one partner handles the bulk of the money stuff. For some, that might mean one person foots the bill for all shared living because they earn more or because it means a lot to them to be able to support their family unit. For others, having one person in charge is more about cash flow and admin.
For William and Lou, leaving the day-to-day stuff in Lou’s hands just makes more sense. She is a full-time schoolteacher, with a dependable salary and a relatively stable timetable to tick things off in.
“William works in the film industry and gets paid in erratic waves throughout the year,” she said. “We still technically contribute similar amounts to our lives but everything comes through me and most of our bills and our mortgage are in my name.”
William pays Lou back when work comes in, and contributes significantly to their savings account when a large film project arrives. “It works for us, and as long as we regularly talk about when money is coming in, we’re happy.”
What works for William and Lou:
- Combined savings and goals.
- Separate day to day spending.
- Home loan attached to one partner.
- Finances organised by the partner who is most financially savvy or has a more stable income.