I’m curious how you budget as a couple or budget with family. Does one person take the lead and it’s their duty? Are you equal participants? Does each person leverage their strengths?

What works for you?

  • WhiteRice@lemmy.mlEnglish
    15·
    11 days ago

    I think it starts with shift in mindset from your money/my money to our money.

    I’ve found it beneficial to have all money going it and out of joint account.

    One person can take the lead both parties must understand and agree to the budget.

    I do most of the tracking but ask my partner about unrecognized transactions. They ask me how much money is left in which categories periodically.

    • heydamianc@thelemmy.clubOPEnglish
      1·
      10 days ago

      This is pretty much how we do it too. The part about yours/mine was key for us to start because we had a shared goal of saving more than we spend.

      As a matter of fact, thinking back to it now, we actually started budgeting together even before we were married and before having a joint account. We would pay for things in the ratio of our respective incomes and everything was fair based on the structure we agreed upon.

      I think the underlying premise of a lot of these answers (all?) Is transparency and thoughtfulness. I can’t see budgeting together working without that.