Money management /salary to Owner

My wife/owner takes my salary and gives me an allowance. She completely controls all finances. I earn more money than her, but I am bad with money. She loves the control and me having to ask for my weekly allowance.

 

Hello , I am not a KH ,but I am a loving sub in a FLM. My KH, wife , Goddess is much better at controlling the finances than I am. She is in control of the bills and what money we spend. That said, we do have a joint account , and we both have a debit card. I have to have a real good reason to use the debit card , and with her having the banking app on her phone . She gets notified the minute the card is used. So there is no sneaking so to speek.
Her taking over the finances was one of the best things to happen to me since I have been locked . So my advice is to move in a take total control of every aspect of his life . If he starts to complain , just look him straight into his eyes , and remind him that he asked for this . You will also find that you being in control will bring a stronger bond between the two of you , that to this day is very hard to explain .
Your really starting into a journey for both, so enjoy it . Just remember to keep a firm attitude , and if your boyfriend is a true submissive he will fall in line . Hope my finance story helps with the doubts you are having .

 

First thing you need to consider is, what do YOU want? My wife and I have always had joint accounts, but she insists I handle the finances, so I do. He should understand to not pressure you for anything, especially his wants/needs. He offered that up when you chose to accept his invitation to hold his key. It takes time for that aspect to sink in, sometimes. Good luck to you both.

 

I think you're making a wise decision. You are acknowledging and embracing his desire, but doing so on your terms. You should not do something that makes you uncomfortable. He should be grateful for the extent you've gone to and the thought you've put into this. If it falls within your comfort limits I would suggest questioning his purchases every once in awhile. It will reinforce your level of control and that is (it sounds like) what you both want.

 

I'd suggest that you set things up so that he keeps meticulous books.

Thereby knows where all money is coming from and going to.

With you as sole signatory on the joint account.

You as the CEO, keep him on a low, fixed, personal allowance of pocket-money.

That goes into an account in his name.

Thereafter you decides on priorities, but listening to his feedback as to how to achieve them.

That way, you both understand fully what is going on, both have an input, but you have the casting vote.

That should settle the trust issues that may otherwise creep in to unsettle the bond between you.

[That wa the way wealthy Victorians managed their money, albeit the other way around.]

How does that fly for you?

Guy

 

Depending on what you might want to do controlling the money could be a lot of extra work for you and unpractical at best (what might happens if you have an accident and he does not have access to the bank account ?)...

Here is what we do:
As I have to travel a lot and my wife is not looking for unnecessary work we agreed that I have total access of my own as well as our shared money. Should I want to spend more than 50€ on something that is not part of day to day life or that is not absolutely necessary I would have to ask her first ( even if the money would be from my personal account).
Most of this is trust base - especially as I also manage our real properties as well as our shares mostly on my own, but trust me - having something new- let it be some clothes or a gadget would come out rather sooner than later...
And should she want to do a closer inspecion on our accounts she could do it as well even though she could not really 'access' the money on my own account without a certain need...

 

Actually, sex/chastity aside, if you can't trust someone with your money, how could you trust them with your heart?

 

Do it on your terms. I handle the finances in our house because honestly I'm better at it. On the flip side it's one less thing she has to worry about. It's All about perspective.

 

Like @Clearstatic and others have said, you can be Goddess and assign / delegate money management to him. You set the rules -- for example, you transfer 50 per week to your personal account for personal matters, and are responsible for paying bills and doing saving from joint account -- and each month (or week or two weeks, etc) you will show me the joint account balances, flows out, savings, etc, and your non-compliance with these rules will be punishable. Just as you delegate laundry chores or whatever you can delegate and control financial chores.

 

Since it's what he wants maybe it would worth a try to make as you say a mutual account for your common expenses. His salary goes there and he has no access to it. Since he is better with money as you say maybe you could save a big part of it. If you allow him and approve a purchase then you could allow him or give him an allowance if he displeases you you could withhold it. Making him beg on his knees. See it as an experiment if it works it does if it don't you could always go back. This way your husband has outlived his fantasy. You might even save money this way to go do things together.

 

My Wife and I share our financial resources and decision making equally

 

Although I support my Wife financially 100%

 

We have a similar situation. He’s better with finances usually. He handles all the bills. Which takes a load off my mind and i am so grateful for it. Sometimes he gets in spendy-modes where he obsesses over something and he wants to buy 50 different styles (I’m exaggerating but it gets ridiculous sometimes) so there’s certain things he has to ask permission to buy because I’m more level headed. I really like what blue moon said though. It’s what YOU want!

 

Maybe a change of perspective is what he needs. If you are not the best at managing money and he is, then perhaps you can make it his duty as your submissive to manage the household finances in the most efficient way possible in order to allow you extra money to do what you would wish with it. Make him think of managing bank accounts the way that he would sweeping floors for you. A duty/menial task rather than a "I'm the boss of the house finances" kind of thing.

 

If you think you argument further you would have to give everyone you feel in love with access to your bankaccount - that would be rather stupid than smart.

The house we live in is shared and we can comfortably live from our shared account - so what is the problem with our seperate accounts ?

Especially as everyone might want to put a different focus on where and how to invest their money...

 

I was only referring to a life partner. For us, it’s teamwork. Otherwise, it’s just two roommates. But that’s us. We only sneak around with our spending when it’s a surprise for the other. We discuss every real expenditure in detail to ensure we are both happy with all options available to us. As an example, we decided to replace our 8 foot privacy fence and both of us wanted different things. She wanted doggie portholes and I wanted to expand the area encompassed and add an additional gate. I wanted a lighter stain and she liked the dark. We both agreed on the other’s options and since color wasn’t a utile element, i acquiesced to her choice of stain. We are a team, she is just the prettier half. You do what works for you

 

We have been married almost 46 years and are both retired. I took over the finances several years ago when she started having short term memory problems. She would think she had paid the bills when she had forgot to. Our credit rating was under 300. Now it is above 800.

Now I manage the finances. All money goes into joint accounts except her Social Security and my disability check. Her SS goes to an account in her name and is hers to spend as she pleases. The disability check goes to an account in my name but is reserved for house taxes and household emergency expenses, not mine to spend on me. I have an allowance account but any toys, special clothes for her and entertainment for us comes out of it.

Since you say he is better at finances go the joint route, have him manage them but keep him on a personal allowance. His ATM card and credit cards stay in your possession so he has to ask for it.

 

While findom is a thing, I find mixing kink and finances a recipe for disaster. I, like most married couples say, put it one account and hope there is more than month as I heard it once put. As for me, I only purchase fuel or a absolute necessity without talking to her, as she pays all the bills and is better at it than me. But I don’t think that’s a kink, it’s just life.

 

Madam has access to all my funds whenever she wants, my cards live in her purse and I am only permitted to buy fuel without asking as well. All other purchases must go though her, and she is free to rest herself when ever she wishes.

 

If he's better with finances, and you're not comfortable handling them, then you should make it his job to control them- you're the boss, so you choose the manager. In a committed FLR you should be making the decisions based on what's best for you as a couple, and if that means he watches the money, then so be it. It doesn't mean he's really in charge if he's doing it on your instruction. Financial security is nothing to be played with. It might be his fantasy to be 'in your power' and have no money, a real slave, but that's the stuff of fantasy. Do the fantasy stuff in the bedroom. If you want to make it more real to him maybe you can keep the bank statements, checkbook, and household cash in a strongbox and keep the key with the key to his chastity device. Then you can tell him when to pay bills, have him write the checks while on his knees if you're so inclined, and give him cash when he needs it. That way maybe he'll feel the control a little more and be more comfortable with it.