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It says in our separation agreement that we will split expences for the kids. It does not say how. This is one of the things-I-would-do-different.
But, drum roll, news just in, the suggestion I made a few years ago – that we get a joint account and put money into it – has been enacted. We agreed to get the account in January – and it is now April and we both have $80 per pay going into it.
This makes stuff so much easier!!!!
The account is in my oldest daughters name and we both have rights to use it. I rang the bank and described what we wanted and why. This was their suggestion. So far I have paid some extracurricular fees out of it and will be paying the school fees (donation my a*s) in a few installments.
I forsee some potential issues – we haven’t agreed exactly what is to be included as joint expences and what isn’t – but this is much better than me paying for every little item because twenty bucks here and forty bucks there just isn’t worth arguing over.
I will be getting an email of the bank statement and logging what each withdrawl or tranfer is about. So we/I have record keeping as we go.
I didn’t realise it but my kids have obviously been feeling very awkward about the financial situation. They never ask for anything. Now I’m all happy about the joint account they have both made tentative suggestions for things they’d like me to buy. I’m glad they are acting like normal blood sucking finance draining children ….. for now.