tag:blogger.com,1999:blog-6337895450730818700.post7676994852773379553..comments2023-08-29T08:48:51.557-06:00Comments on Jessie's Money & Our Growing Families Too: AllowancesJessiehttp://www.blogger.com/profile/11259285806446208884noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-6337895450730818700.post-36134170306654572512013-03-24T19:50:04.379-06:002013-03-24T19:50:04.379-06:00Late reply, just started reading your blog.
My DH...Late reply, just started reading your blog.<br /><br />My DH and I have 4 kids and right now I'm a SAHM by needs. We get $15 each per paycheque(biweekly). I like having the allowance. Although I let mine accumulate as much as possible. My DH tend to spend his.<br /><br />The allowance is for hobbies ONLY. My DH is into paintballing, so whatever he spends on it has to come out of there. This helps with not throwing the household budget out of whack. Since we are now one income family, every penny is counted. Plus then he can spend it without feeling guilty that he will "steal" the grocery moneyAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6337895450730818700.post-72231199939865534432012-07-26T05:05:11.299-06:002012-07-26T05:05:11.299-06:00We have allowances. We find it just works better ...We have allowances. We find it just works better for us. We are each allowed $100 a paycheck ($200 a month each). We tried doing less, but found we were dipping into credit cards or our joint account where bills and household expenses are paid for. And when we didn't budget allowances, we were going over budget and tapping into credit cards for little things we wanted. $200/month each really seems to work best to keep us from using credit cards.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6337895450730818700.post-72220124827359711502012-05-23T12:46:24.714-06:002012-05-23T12:46:24.714-06:00I give myself an allowance of $100 per month, whic...I give myself an allowance of $100 per month, which does not cover eating out or regular bills like cell phone. I mostly spend it on yarn and books. :) if I don't use it it goes towards my current goal, but I also allow myself occasional bigger purchases as long as they fit in the budget.Slinkyhttps://www.blogger.com/profile/04311889236278363648noreply@blogger.comtag:blogger.com,1999:blog-6337895450730818700.post-9099591142613589042012-05-23T12:46:10.187-06:002012-05-23T12:46:10.187-06:00I give myself an allowance of $100 per month, whic...I give myself an allowance of $100 per month, which does not cover eating out or regular bills like cell phone. I mostly spend it on yarn and books. :) if I don't use it it goes towards my current goal, but I also allow myself occasional bigger purchases as long as they fit in the budget.Slinkyhttps://www.blogger.com/profile/04311889236278363648noreply@blogger.comtag:blogger.com,1999:blog-6337895450730818700.post-66468490389036212412012-05-15T09:07:00.017-06:002012-05-15T09:07:00.017-06:00When the BF and I both agree that when we are marr...When the BF and I both agree that when we are married and the finances are merged we should have 'allowances'. We have different personal interests and it doesn't make sense to talk about purchases that are specific to those interests. By putting an amount to how much we can spend each month, it helps us plan and control our spending in those areas. As for the amount. It's going to be dependent on how much we have left after we set our budget, savings, and investment plans.Esmehttps://www.blogger.com/profile/08247120027986055381noreply@blogger.comtag:blogger.com,1999:blog-6337895450730818700.post-40914608897770923082012-05-03T00:34:33.131-06:002012-05-03T00:34:33.131-06:00We don't really set allowances for eachother. ...We don't really set allowances for eachother. Our accounts still are not combined (planning on doing this next month) and we have been married for 3 1/2 years. We just trust eachother and that we won't spend a ton. If it's a big purchase (we still haven't defined what that is) we will normally talk to eachother to see if we really need it.DebtsnTaxeshttp://www.debtsntaxes.com/noreply@blogger.comtag:blogger.com,1999:blog-6337895450730818700.post-16982741580063110812012-05-02T09:39:58.098-06:002012-05-02T09:39:58.098-06:00Once I fuse accounts with my GF, I expect having a...Once I fuse accounts with my GF, I expect having allowances would be the best route to go since we have different spending habits. My current budget for myself allows $100 for entertainment and $100 for eating out, I generally don't spend the entertainment portion and I come in under the eating out. So I think any number between $100 - $200 for allowances should work fine.Rafikihttps://www.blogger.com/profile/02636919333859560825noreply@blogger.comtag:blogger.com,1999:blog-6337895450730818700.post-61272912441737572932012-04-29T20:49:59.402-06:002012-04-29T20:49:59.402-06:00I am not married and BF and I don't have joint...I am not married and BF and I don't have joint accounts, but I like the idea of an allowance or a set amount that we each keep. I also think that if it's not spent in one month, that person should keep it. That way one can save for a big expense or just have the money for a rainy day/shopping spree. :) I definitely want my own checking/savings when we get married, as well as joint accounts, so this makes sense to me.Jessica Fletcher-Fierrohttps://www.blogger.com/profile/04721145697646712842noreply@blogger.comtag:blogger.com,1999:blog-6337895450730818700.post-68389939168294088412012-04-29T12:53:44.474-06:002012-04-29T12:53:44.474-06:00We do allowances, but I think we are going to try ...We do allowances, but I think we are going to try to phase them out now that we're hoping to start a family in the very, very near future. They were great when we first moved all of our money into one account because they allowed us to ease into the "joint" budgeting a little bit (because we still had some money we didn't have to talk about). At this point though, they are becoming more of a PITA than anything (I'll actually probably blog about this in a month or so, I've been drafting a post).Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6337895450730818700.post-52840759334013284232012-04-26T19:54:09.810-06:002012-04-26T19:54:09.810-06:00We go the allowance route, although if either of u...We go the allowance route, although if either of us doesn't spend the allowance for the month it rolls over into savings. We actually opt for $50/week, which most months ends up being $200 each. Most months we have money left over, which is always a fun windfall, but the whole point is that we don't count on that money and we're absolutely free to spend it. If one of us wants to make a purchase that goes over the allowance then we sit down and talk about it - we figured if something was going to cost more than $200 then it's worth talking about!AMD @ amomsdimehttp://www.amomsdime.comnoreply@blogger.comtag:blogger.com,1999:blog-6337895450730818700.post-3951292945933482502012-04-26T15:45:35.659-06:002012-04-26T15:45:35.659-06:00For the first 2+ years of our budget, we did not h...For the first 2+ years of our budget, we did not have personal allowances. Our spending (outside of home improvements which came from our house account) had to come from either the $100 we allot to entertainment or the $100 we allot to all other expenses that don't fall under groceries, gas or kids' expenses.<br /><br />Then hubby felt he really wanted an allowance, so we worked it out so that we could each have $30/month for personal use. We started this back in January and personally I don't like it. It seems to be a license to spend money without accounting for it. I spend all of my $30 every month, and truthfully, it tends to go towards stuff that should just come out of our jar money. I asked hubby about stopping the allowances and he doesn't want to give his up.<br /><br />At this point I am going to give my allowance up, but he will still get his $30/month. I am fine with this arrangement because ultimately, if I WANT something, he basically makes me buy it for myself (because I rarely spend money on myself), and if I have a million excuses as to why I shouldn't spend any money on myself, HE will use his allowance to buy it for me.<br /><br />So, ultimately, I don't like personal allowances, and would rather just pool all the spending money and account for all expenses.<br /><br />Neither way is right or wrong... do what works for you. :)Mehttps://www.blogger.com/profile/01748705005786498840noreply@blogger.comtag:blogger.com,1999:blog-6337895450730818700.post-35952786299602292462012-04-26T13:49:15.408-06:002012-04-26T13:49:15.408-06:00I'd be interested in hearing the responses as ...I'd be interested in hearing the responses as well. I want to do this once BF and I get married and join finances. I would think that you two would just agree on a number after working out the budget, fixed expenses, and amount you want to send to savings each month. $100 sounds like a good number, but if I had more money I'd like maybe $200 a month :) I would just try to save most of it.ERIKAhttps://www.blogger.com/profile/06047066399783626200noreply@blogger.com