Friends we know recently asked us, “How do you manage your finances as a couple?”
My wife answered: “Big Numbers and Little Numbers.” That IS how we do it – she manages the household checkbook and monthly bills (little numbers). I manage investments and annual tracking (big numbers).
It’s not about importance – they both are important. It’s just what we are good at. She worked at a bank before our son was born back in the 1990s. I ran businesses that tracked against an annual P&L and balance sheet at MegaCorp. Our personalities match our vocations and that helps everything get done.
She asks for help with the weekly bill-paying on occasion and I keep her informed on our annual net worth tracking when I update it a few times a year. I also do most of the annual taxes / tax planning and we kind of split figuring out insurance (she once worked at an insurance MegaCorp, too).
We’ve each managed our roles quite autonomously for almost 30 years. We started doing everything together, but quickly evolved to “Big Numbers, Little Numbers”.
How do you manage your finances with your spouse?
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