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Do YOU have any savings? (For you, not in a joint account)

Answered 1 year ago


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ANSWER
1 year ago
We have 90k saved together and I have 40k in an account of my own. I’m the breadwinner and this is money above and beyond my regular wage (travel, allowances etc) generally I spend my savings to pay for family holidays and expensive treats and things, it’s my way of saying thanks to the family for supporting my career. I spend that money how I want, and most of the time I choose to spend it on others. On my Husband, kids, parents, my in laws, my brother and his wife and kids, and on supporting disadvantaged kids and Aboriginal communities (literacy programs and health programs etc). It makes me feel good, that I’m giving something back. As an Aboriginal person I feel blessed to be able to do this.

If everything in my life turned to shit, I’d have a bit behind me I guess, but the money is there for me and for what I want to spend it on.

We both have free reign on the other account. If either of us want or need it, we chat about it and generally just buy it.

We figure you only live once. We are in a privileged position in that I earn good money (200-220k pa), but I think the things you spend it on says most about your Character. We don’t drive expensive cars we don’t live in a flash house, we choose to spend our money on beautiful experiences, other people we love, and people we’ve never met who are less fortunate than us.

I’m 36, we pay our bills, we’ve never been overseas, we travel interstate for a holiday every two years to see family, and we both work our backsides off trying to be good parents and good providers and balancing that with being good people.... I’m sure we bugger up the balancing act sometimes but we are only human.... our kids are 15, 8 and 5, they’re fed and clothed and happy.

I don’t always do things right, but I always try and do the right thing, in all facets of my life.

ANSWER
1 year ago
Hate the banks. All our cash is in a safe in the house

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1 year ago
How much?

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1 year ago
what's your address again? 😘🤣

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1 year ago
Lol

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1 year ago
I hope your house doesn't burn down cause that would be a problem

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1 year ago
Fire proof safe

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1 year ago
makes sense ^

ANSWER
1 year ago
I used to have a joint savings account with my husband. He would get drunk and transfer money out of it for booze and smokes and i started to realize it was only me putting money in for him to spend!
So i made him go in and close it with me. And now everything is separate accounts. He claims he has "so much more money saved than you". But i really fucking doubt it

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1 year ago
It's sad some men are so irresponsible with money. Mine is always asking me for money so he blow it on junk food when he could have taken something from home. Gives me the shits & to be honest I think it damages how I think about him. It's probably not PC these days but I think you're supposed to be taking care of us & you're calling me like I'm an atm, sort yourself out.....but he never does.

ANSWER
1 year ago
24k
Partner doesn't know about.
He has so much debt from payday loans from so much wants, he'd try to blow it all on frivolous shit if he knew about it.

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1 year ago
You go girl, i wish i could get a decent amount of money together like you! xx

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1 year ago
I literally just paid extra tax for the last few years and saved the refunds. And just said my refund was $1000 so he didn't ask for anymore

ANSWER
1 year ago
Yes.
And all women should have their own accounts and be in control of their own money. I’ve been in the same relationship for many years and women don’t put enough emphasis on maintaining independence in a relationship. Lost count of the number of 40 and 50 something women who I have had to help at work with relationship breakdowns who have little or no education and no means to be able to get meaningful employment or be financially responsible for themselves.

ANSWER
1 year ago
Why? Do you think we should?

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1 year ago
Because everyone should have their own money. Or access to some. Just incase. Imagine if ur partner left u closed the accounts, you'd be in trouble. If you had money you would be okay until things sorted out.

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1 year ago
Not so easy to do if you both keep track of finances. The bank will sms you any big transactions and require approval from both to close the account.

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1 year ago
Then maybe you should discuss what would happen andhavean iron clad agreemwnt drawn up so you are protected.

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1 year ago
If you have $5000 in a joint account and your partner withdraws &4500, you will not get a notification from the bank.

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1 year ago
Yes there is also the joint loans- I think they can withdraw the amount you’ve paid off, again. I know someone who didn’t have any inkling that the loan had been maxed out despite it being joint

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1 year ago
If you dont protect yourselves then you can't complain and cry poor me later on if the worst happens. It's about both parties discussing it and both having savings of their own. Or an iron clad financial agreement drawn up if the worst happen. Covering everything from illness, job loss, death, affair. It's only sensible these days to protect finances.

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1 year ago
To the person who said about no sms, depends on the setup of the bank. Mine does for large amounts. I check it regularly so Id notice.

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1 year ago
Mine too

ANSWER
1 year ago
The house is mine. So no. He’s the one in the shit if we split, I actually have been wondering lately if that’s why he hasn’t left. Life is too easy for him with me. Lately I don’t even think he likes me. Today I’m sitting here wondering if I should just tell him to go.

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1 year ago
Do you have a pre-nup ?

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1 year ago
. Such a testament to partnership.

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1 year ago
Yes. But the house isn’t part of it. It’s in someone else’s name. It it’s mine to live in and when certain people pass away it willl become mine. It’s set up so partners of children couldn’t “get” it.
He struggles with depression. I try to give grace but when he is struggling but it’s hard to Believe he wants our life,and with us. He wants our life cos we live in an amazing house rent free, bill free essentially. We have solar, he have tank water and the estate pays the rates. We have no bills really. Not even food too much as we built a farm. We spend about $30 a week on food. So instead we travel. ALOT.
He grew up in poverty l. Developing country poverty. He didn’t know “money” till me.
Actually he had no idea my family was really wealthy till we had been dating for close to 2 years. It’s always been a issue that re surfaces over the years in one way or another.
I love him. But I feel like he’s always chasing “more” which is the opposite to me.

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1 year ago
pre-nups rarely hold up, but the court will look at what assets you bought to the relationship.

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1 year ago
Pre nips rarely hold up? You need a new solicitor

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1 year ago
During my parents divorce, they were told prenups aren't really a thing in Australia

ANSWER
1 year ago
We have about $80g in an online account that only I have access to.

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1 year ago
Totally believe $80g. I just found out my mum has $550,000 in her savings account!

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1 year ago
Holy shit 😆

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1 year ago
We could have $242k in our savings, but we have it in our home loan redraw instead 🙂

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1 year ago
^ That's a fantastic idea :)

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1 year ago
I would like to know where you getting that good interest rate at the moment?

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1 year ago
My dad has about $280k
He is getting paranoid he will be killed off by his ex wife and was showing me all his finances so i could check he's not been robbed in the even of his death 😂 and hes such a frugal, no frills guy, you wouldn't really expect it

ANSWER
1 year ago
No. I rely on my husband for money. 100% of the money in my account (about $9.38) came from him. I receive no centrelink, and can sometimes manage to put aside bits and pieces of cash for myself. But otherwise, no. It makes me uneasy, but it is what it is. Thankfully, I have no current plans to leave the marriage. So I don't need a seperate stash.

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1 year ago
Start saving something now

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1 year ago
Yep. It's never too late

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1 year ago
You can't get ftb?

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1 year ago
I know this is going to sound cynical but I was where you are, no savings and very certain I was not going to leave my marriage... until my husband cheated and left me for another woman.

Try to save or get a part time job because you do not know how fast the rug gets pulled out from under you.

Although I hope you never go through that and you and hubby stay happy until you grey & old!

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1 year ago
I think this is sound advice, even for the best marriages..but again that is because I have also lived through this experience x

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1 year ago
Yep, same happened to me. Get a 'squirrel' account.

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1 year ago
We both bought similar level of assets and both earn similar so it hasnt really been an issue.

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1 year ago
Yes I always have money squirrelled away in my house, I try not to let it fall below $3000. I just like to keep it there because I hate not having money when I want to buy something or go shopping.

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1 year ago
No. All our money is in a joint account that we both have access to.

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1 year ago
No, all our money is in our joint accounts. We don't need to roll like that. And yes, critique all you like but in 50 years we'll still be the way we are today: all in, we are together til we die. And we're actually happy. Loyal honest and happy I'm our family.

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1 year ago
Nawwww I love this

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1 year ago
Nope. Everything we have is together.

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1 year ago
Hell yes. I went into the relationship successful and quite wealthy through my own making. Husband gets no claim in that and I told him so in no uncertain terms before we got married. I have all girls and will be encouraging them to have their own accounts and money and not rely on their husbands.

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1 year ago
that's not what a family is about.

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1 year ago
My husband appreciates that I don’t rely on just his income and I don’t police what he can or can’t buy. We don’t struggle because he didn’t have to take on any debt from me, and therefore we didn’t have to go into debt to have a life together. Although I was raised by a strong woman, and have strong sisters so I can appreciate that not everyone was raised this way.

ANSWER
1 year ago
Yes, infact I swapped my sons into my account too, to ensure his father my ex cant touch it if something happens to me. Its not much but as a single mum who lives pay to pay its something and its important to me that I have something to give my son if I die.

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1 year ago
Being single it doesnt appeal to me to ever share an account again. Financial abuse is real and noone should have to give up access to their own money .

ANSWER
1 year ago
I have a shitload from an inheritance. Hubby only know half the amount 😂

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1 year ago
Until divorce

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1 year ago
He has his own money too so in the case of a divorce, we both walk away very very happy indeed 🤑

ANSWER
1 year ago
Yes not much, most goes in a joint account.

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1 year ago
Not really. We each have separate accounts as well as a joint account, but there’s not much in mine at the moment. Once I’m done with unpaid maternity leave and back working my savings will skyrocket.

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1 year ago
yep

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1 year ago
We each have $1000 in our own accounts, but it's more just a small backup if we can't access our joint account for some reason.

ANSWER
1 year ago
Nearly 20,000 - our money is in my account