it has worked well for us for the last 9 years.
We don't have it down to every penny. Hubby gets paid 2 times a month and I get paid once a month. His check covers Vehicle and Insurance and the flexible utilities, cell cable and health insurance. He also puts a LOT in savings. Out of his checks, he pays for any CC usage that he made.
I get paid once a month. My check goes to the things that never change. Mortgage and the escrow for house insurance and taxes. I pay the student loans and also a home loan when we had a new AC/Heat unit installed. My check also pays for all the groceries and when we go out to eat. I also pay for any CC usage I have. My check also covers incidentals like Oil changes giving the daughter food money once in a while ect...
We are both on both accounts and the savings. It is not like we don't communicate or anything...we do. We keep all the bills together in a notebook and cross out when things get paid. This way tho, if I spend 50 bucks at the grocery store, he can't be upset because he was only planning to spend 30 on groceries and maybe 15 at the hardware store...
It works for us and we have not fought about money or bills since we started this method...OH and our credit has steadily gone up as we neither one want to be late or cause any strife.
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