This is funny. I'm 40 and give myself an "allowance". It is my blow money and miscellaneous cash after the bills/savings/necessities are paid. I'm only allowed a certain amt - I'm an overspender by nature - so "allowed amt" is my "allowance".Originally Posted by JellyBella
I agreet that if you are both adults, no one should be getting an "allowance".
Anyhoo, OP: do what works for you as others have said.
I was terrible with money - disorganized and an overspender - so my husband took my paychecks and gave me a spending allowance and I would pay my own personal bills I had prior to marriage that hadn't merged (like my CC bill) from the joint acct. It was always "our" money, he just handled day to day for most things. He was a CPA so he was very good at it.
Now that I'm older and responsible, I would do a joint acct for joint expenses then a separate acct each for miscellaneous spending as the couple sees fit (such as for me, I have expensive salon visits but a spouse most likely would not but he might spend a lot on hobby golfing for example). I would definitely need *some* money that is "mine" and I may spend as I wish.
I do find it weird when I am with some married couples and they'll say things like "I had to lend Tom money for his car payment" or "When go out to dinner I always have to pay since Tom is broke" with an eyeroll. I think a couple's money is all the couple's money so these remarks are just bizarre to me. (but if it works for you - great!)