This post was partly prompted by some articles about household money I’ve been reading in various places around the web recently. The topics are especially prevalent when it comes to double income couples who end up single income couples when one parent stays home with the kids. What happens to the money? Is it accessible by both parents equally? Does someone get an allowance? How do people stay on top of the daily flow of cash, particularly when the incidentals become more frequent (with older kids, for example, who join a variety of sports or other activities)?
Every family has their own way of dealing with the household money. We have a way that works for us, but I’ll tell you something, being responsible for the cash flow is neither fun, nor easy.
And the worst part is the checks. Not just the endless writing of them, but keeping track of them. Continue reading