This is where being salary sucks. I will never have OT. My annual bonus I get to decide how it is spent. I can't spend it all at Nordstrom or anything but I choose what it goes towards.
if h has put in a long string of overtime i'll suggest that he take some of the extra and buy something for himself. usually he picks a video game or something in that ~$60 range. i know he takes the overtime to benefit our family, but i'm happy that he gets some personal reward. he would offer the same to me.
I would save it and then the next time I wanted to do something expensive or give someone an expensive gift I would use that money and move it over from savings if needed or just mentally make myself feel better about that added expense.
Sometimes I wonder if I'm doing it all wrong. DH's and my paychecks are deposited directly to the bank. If there is extra, it goes into some type of savings. There is no discussion of "This is YOUR money." It's all ours. But I get bigger bonuses, so maybe I should try to implement getting to keep extra money for yourself
Sometimes I wonder if I'm doing it all wrong. DH's and my paychecks are deposited directly to the bank. If there is extra, it goes into some type of savings. There is no discussion of "This is YOUR money." It's all ours. But I get bigger bonuses, so maybe I should try to implement getting to keep extra money for yourself
I make more and work more hours, but we consider it all "ours" because there is no way I could swing this job without him being more "on duty" at home. So basically he earns it too by dealing with the house more .
We work the same hours, but I was kidding. We've been married 11 years and all the money has always been "ours." I'm not going to mess with something that works!
We have only 'our' money. But we don't ever get bonuses. If DH does work for his dad (construction), it just gets put into the mix. $400 right now would probably go to his rugby dues for the season.
Our paychecks are auto deposited into our checking and savings accounts. Excess money would flow to checking and be transferred to savings at the end of the month, since the amount deposited into checking covers all our bills. We might spend a little extra on something fun, and then the difference would go to savings.
H no longer gets OT, but this is how we used to handle it.
For regular OT pay it goes into savings. Sometimes DH's work gives out gift cards as an end of project bonus. Usually $500 and he gets to decide where he wants the gift cards for and for how much. We usually split those and each get $250 for wherever we chose.
My H and I are both salary, but it would just be treated like normal pay and go into savings.
I went from a year round contract to a 9 month contract last year, so my vacation was paid out from my yearly contract a few months ago. We used it to pay for nursery furniture and put the rest into savings to make up for my maternity leave.
If it happened today it would have to go to replenish some savings categories we robbed in the past two months so nothing fun unfortunately. If it happened on a regular month I'd like to think we'd do something fun with half of it.