toying with financial slavery

we are struggling to save deposit for housing loan. Our finances are split currently but she brought up creating a joint bank account for our savings. for me this is Scarry for me to take on her financial responsibilities and I tend to spend as much as goes in, I think she's the same..

well today I had a idea, why don't I turn my bank into a escrow account. ill open another bank account I can use as a daily then she can give me an allowance of my own money, change the passwords, order new card, After bills, rent and food I really only need $60 between phone, petrol, spending money

I brought it up with her, she said "your really going all in on this aren't you, I would own you" she's thinking About it, I'm doubtful shell bite, very vanilla. I think it would be fun, even drafted up a contract with chatgtp



–---–--------------------------------------------------------------------------------------""""""""""""""""""""""""""""""
*financial Agreement between G and F*

This agreement is made on , between G and F

*1. Grant of Authority:*
a. G hereby grants F full control and authority over the bank accounts listed below:

- all A bank accounts
- all B bank accounts

*2. Allowance:*
a. F will provide G with a allowance for personal expenses.

b. Each weekend F will transfer money from G's A bank account to G's B bank accounts .

c. This amount is at the discretion of F, additional funds may be transferred for unforeseen expenses the G finds unaffordable

*3. Restrictions:*
a. G will make every effort to change any payment apps over to B bank accounts

*4. Duration:*
a. This agreement shall remain in effect until the 1st of June 2024.

*5. Termination:*
a. Either party may terminate this agreement with written notice to the other party.

*6. Review and Adjustment:*
a. The parties agree to review and, if necessary, adjust the terms of this agreement as circumstances change.

*7. Signatures:*

G : ____________________
Date

F : ____________________
Date

---

 

idk I mean currently I loose 2 grand if it goes bad. if I had to extract its a trip to the bank to get it straightened out. I get that it could a fortnight of no cash if it she emptied the account. but we have been together 7 years I trust her

 

am I missing any other probable issues?

 

I am unemployed till end of financial year. tax reasons and our welfare is nice. she's happy with having a house maid

 

i didn't mean to attack you. I just wanted to see if there is any holes in my plan..

it would be a slog but i think it would be great if I could even save 6 grand by the end. also I'm strange in that I really need to know that there is no way out for to enjoy myself.

 

vulnerable for sure, id be trusting her to pay my car rego, internet, rent, Elec, gas.

don't bite the hand that feeds you comes to mind. i could see being punished by having to take the bus, or withholding my spending money to stop me getting my iced coffee

 

Your right all a bit of wank fodder really.. For me a budget is not the solution, i have always been quite poor so anything left over was always for toys, I need to learn how to set myself an allowance.. was a subcontractor on the broadband network heading up to Christmas perfect opportunity but i managed to burn all 10k that I promised was for the house deposit

Anyway we got to talking about money again tonight. Long story short we are heading to the bank tomorrow.

I think she'll be alot more soft then I hoped. Like she wanted me to be able to save $600 in my allowance account talked her down to $120 at $60 a week and that sounds to high to me, idk if she knew that I want to suffer to save as much as possible..see how it goes

 

tax paying folk around here vote in governments that set first first tax bracket at 18k, deductions for transport at 85c per kilometre and non taxable pensions at 35k. Full time work in my field is 150k. Milk is $4.50 for 3l and a loaf of bread is $3. Going rate for 3 bed house in the burbs is 500k and in the country with some land is 300k.. completely possible to buy a house in the country on a pension..

 

It is looking interesting. Abit of an adjustment period, card wont arrive till late week so I have cash. We use my normal account for food shopping then she pays me back later in the week. Well we went food shopping today and after I offered to get her some lunch, she stood by her guns that I'm not to use my normal account for extra stuff. We got cheap pizza rolls and donuts with cash.

I trust her, idk man 7 years and even when she has money problems I have never seen any loose cash go missing or anything

a joint savings account idk we shift of money from person to person.
For instance rent and water is in her name, elec and gas is in mine, and with shopping. So I'll pay her 500 for rent then she'll send me her 600 for electricity and 120 for food.
I think where we want to be is a joint cash hub where we pay ourselves allowances from then personal savings from that allowance

I took to heart what you said about it being a burden for her to take on my finances and I let her know if it's to much for her then we can stop. We will see but I think she won't want to give me control back

 

Popped the question one month ago. I no longer have the slightest clue how much is in there anymore.
Steep learning curve for both of us, I have started getting my head around it being our money now and I have to ask if I need anything.
She is more or less still treating it as my money that she is holding for me although I'm a dominating way. She's very strong I'm not getting a cent out of that account with out fighting tooth and nail for it

All in all a good experience so far though.

we had to buy a big item for the house, this is something that would have caused friction in the past but I tell you what, not having any buying power really does change the phycology.

She made me do a budget for next financial year. Honey pot 1100 weekly for household expenses including even including Christmas and birthdays.
My allowance drops to 30 and hers is 60.
300 a week earmarked for house deposit..

I have 50 leftover and she has 100-200 leftover and this is for her to budget for one offs like tires or camping trips, Anything she wants for the household really..

 

definately I had a spending problem.. she won't tell me how much is in there but Its apparently way higher than the estimation I gave her of $600 more then when we started