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Ask HN: How do you and your spouse handle big income differences?

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201–210 of 210 posts

Re: Ask HN: How do you and your spouse handle big income differences?

#201

A lot of commenters are completely overlooking the gender dynamic here. A husband earning much more than his wife is different than a wife earning much more than her husband.

Can you elaborate? Intuitively it feels you might be right, but every reason I can come up with myself I can also rationalize to the point that it shouldn't matter

This is just a phenomenon that has been studied by social scientists. Men who are earn less than their wives, or who are stay-at-home dads, are more likely to get divorced. You may say "well, they should just grow up and get right with God", and that may be true, but it is nevertheless a widely-observed phenomenon. It's the way the world is, although perhaps not the way the world should be.

Re: Ask HN: How do you and your spouse handle big income differences?

#202

A lot of commenters are completely overlooking the gender dynamic here. A husband earning much more than his wife is different than a wife earning much more than her husband.

what's the difference?

The difference is that social scientists have studied gender dynamics and have observed that men who are out-earned by their wives are more likely to get divorced than when it's the other way around. I'm not saying that this is the way the world should be -- I'm just pointing out that this is a well understood phenomenon.

Re: Ask HN: How do you and your spouse handle big income differences?

#203

Earlier quoted context omitted.

Instead of transferring money back and forward, why not have one account that is "our" money that both of you spend from?

That defeats the whole purpose of separate accounts. I know exactly how much I can spend at any given time just by looking at my account. It’s the lack of needing to coordinate anything. I know that the only way that money will leave that account is if I spend it. We see each other’s accounts so it isn’t secret.

Doesn't a credit card with authorized users do exactly this?

Re: Ask HN: How do you and your spouse handle big income differences?

#204

Earlier quoted context omitted.

That defeats the whole purpose of separate accounts. I know exactly how much I can spend at any given time just by looking at my account. It’s the lack of needing to coordinate anything. I know that the only way that money will leave that account is if I spend it. We see each other’s accounts so it isn’t secret.

Doesn't a credit card with authorized users do exactly this?

Then it’s the issue of overcharging. You know when your checking account is $0 that you can’t spend. Besides, many bills can’t be paid with credit cards.

Re: Ask HN: How do you and your spouse handle big income differences?

#205
Been there. We separated. The actual issue never was the money.

It’s highly likely your issue is not the money either. I mean obviously the money is an issue but there probably is another one in how you both view your couple which is causing it.

If your partner feels and tell you are not contributing your part and feels you are profiteering for their work, there is probably some hidden resentment here. It doesn’t mean it’s true. It might be linked to her life experience independently of you. I would go talk to a couple therapist.

Re: Ask HN: How do you and your spouse handle big income differences?

#206

My partner and I have been together 15 years. We have always had separate finances and split expenses evenly. We always lived well below our means and never spend more on housing than the person with the lower salary could afford. We have gone back and forth a few times who was making more, anywhere from 2x to one person not having a job for awhile. We are free to spend our own money as we see fit. For any shared pur…

As someone married for the same length of time and with a shared account, your situation sounds very odd to me. I'm sure it works for you, but if I were in that situation, I don't think my marriage would feel as close. Each of us reconciling big purchases at the end of the year sounds so cold and transactional. We just have one pot of money, don't care who earns the most and have conversations about big purchases and get agreement from the other.

Re: Ask HN: How do you and your spouse handle big income differences?

#207
tl;dr: My suggestion is to establish dialog, go to couples counseling to help learn the skills that may be lacking in one or both of you and to identify if there are any ingrain social conditioning that the both of you thought you had risen above.

Most comments here are from males who make more than the female. The thing not being said is the societal expectations we are conditioned with, and the switch in "roles" here. Her being the "breadwinner" and even though you also make good money. You say:

>> at first, I was jealous and a little bitter, and she was worried that I was taking advantage of the situation ... As for out salary, we decided that we would both spend as if we both made my salary, and anything above that, she would put in a rainy day fund

You did not mention the household chore division or any possible kids. So I will assume it is an average 2 income household; one where the female does slightly to moderately more household chores (I believe this is even more true for females in high power careers)

This would not seem fair to me, and I dont know if that is what is happening, but I would also suspect you taking advantage of the situation - not monetarily, because its not about the money, it's about her living both the "breadwinner" and "homemaker". While you also bring in money, the part I really cringed at was -> having set the spend limit to the max amount YOU make. She does all the contributing to the rainy day fund. I would have a problem with this even if you made more and her less because both are not contributing. I would have issues with it even if household chores were even. Many of the reply's here (by the I assume male, with a wife) dont see it as a problem in their situation. However, they are fulfilling their "role" and society would mostly think it petty of them to expect her to contribute - which I personally think is unfair. I would also insist I contribute in order to feel parity.

You are on to something with the being bitter and jealous at first, because we are conditioned to have households where the male makes more, so it's easier for the male to be in his "perceived rightful role as breadwinner" and have zero problems sharing the money because that's his "role", the wife is doing the house/childcare and maybe part-time work for fun money. Everything is as we are told it should be.

You may be doing little micro-aggressions and not know it. She may sense this and think you are taking advantage of the situation but can't quite put her finger on it - I'm going to go out on a limb and say it really has absolutely nothing to do with money from her side. That's the only thing she can point too because the other may not be obvious to either of you.

I'll try to explain, from my personal experience as a highly paid female.

Im not sure how much males understand their insecurity with females making more than them. I thought this was for my fathers generation. Then I tried dating. I dont mix work with personal life and dont want to go home and talk tech. So most guys will make less, I dont care - at all as long as he has a job and can take care of himself.

Things are great until they find out how much I make and then would pretty much disappear. Sometimes slowly; sometimes before I finish the sentence. I figured they were just insecure and did me a favor. I would find someone else. Then I really did, a friend who made 1/4th what I did working in the public sector, my main attraction was that I thought he was completely, fully, secure in his masculinity - others couldn't threaten him with challenges to it - it was hot. We got closer and I disclosed details of my work and pay (which I avoid with most people), the instant look of dejection in his body language and change in his voice said all I needed to know. He started seeing someone around his same pay grade a few months later. I think a lot of guys want to believe it won't bother them and truly believe it since most never have to test it. I have the very unfortunate experience of making it real for them.

I dont know what experiences you wife has gone through or what expectations she (subconsciously?) harbors, but I have had to learn conversational gymnastics around what I make, especially around males that I know make less and who I actually want to be friends or spend time with - Im not sure they realize the change in the way they see me when they find out - but it's not fun to feel constantly rejected or unintentionally intimidating just for living my full potential; I wont downgrade myself or be the one to compromise to make males feel better about themselves either, it's not my job. My responsibility is to myself, to provide for my survival needs. And I wont settle for the few guys that are more than willing to sit on the couch playing video games all day while I pay the bills, clean and provide dinner. Im just not sure many males are fully aware these issues exist.

Re: Ask HN: How do you and your spouse handle big income differences?

#208
I don’t really get where’s the problem here in the first place?

Marriage is first and foremost a team game, why raising the team’s performance can cause anything but pleasure?

If you prefer thinking of yourself as a separate independent individual competing with others - you should not get married at all, there’s no point for it.

Re: Ask HN: How do you and your spouse handle big income differences?

#209
post #3

I am currently the main provider and my wife works part time while in school. All money is our money no matter who earned it. It’s never been a point of debate or emotions other than “oh we got more money this month, cool!” in the event of a bonus or extra income. We have a budget and try to stick to it and have occasional vacations or upgrade something in the house. When it comes to finances we are a single unit and…

I met the woman who is now my wife back when I was working at AOL in the mid-90s. She was working as a lawyer at the Securities and Exchange Commission. One year I got a big payout from cashing in stock options, and that ended up going to pay off her student loans. But except for that year, she has always made more money than I have -- for most of that time, if you compare her worst year against my best one, she still made like 3x what I made.

We have one main account we both use, and we make sure it's always got enough money in it that we don't have to worry about accidentally bouncing a check. We have set limits on how much either of us can spend without talking to the other person. And we don't really fight over money.

Re: Ask HN: How do you and your spouse handle big income differences?

#210

When you are married, there is no 'her money' or 'your money'. There is just your collective money. I'd take such squabbling as a huge, waving, in your face red flag. Evaluate it carefully. Question why one would want money they don't want the other touching. Is she planning to live large while you beg for money under an overpass? Or is she thinking of a future without you? Because those are pretty much the two scena…

Suppose your wife did get a job. Would the money she earns also go into the same collective pot? Would that not be somewhat demotivating / mess up the incentives for her? Also, it seems in your kind of a scenario it would be difficult to avoid the 'unlimited vacation policy'-type problem, where ultimately it is still at the final discretion of one party. So realistically, there is still some portion of the pot that s…

What does mess up incentives or demotivating here mean?

I don't get it.

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