So I am just curious (as always ).
For couples: I find that many couples make financial decisions differently and make financial plans differently because everyone has a different financial goal. For instance some couples have separate accounts and each half pays for a certain expense each month. And other couples, only one half does all the finances. How do you and your SO/DH deal with finances? Same account, separate accounts? Do you have a Secret account (this is very popular in Japan, BTW)?
And for every Mom-to-be, how will you decide how much you should spend on baby? I found that I over spent on items for DD which, for the inanely (at times) financially conservative, can actually be really painful physically (OH, did I really spend that much on THAT? WHY? ) <gasp>
So DH and I have a set up where I handle most of the finances, meaning that I make sure bills get paid. I do a lot of the research on what to buy, how much to spend, etc. DH does not have the time or inclination and would rather just buy something (usually he is willing to spend the money on a worthwhile investment). I have very little income of my own ATM, so it would not be "fair" - DHs words - to ask me to pay for anything each month. We usually each have an amount of spending money, we are both very cautious financially so that amount is not set although it was in the beginning. We make all major (anything over $50-$100 depending on how necessary the item is) together. Frugal would be the word that comes to mind (although the dinner we had on Saturday just about blew both our minds). In DHs estimation, since I home schooled E and do other things that keep our costs down (like not needing childcare) DH feels my contributions are equal to what he contributes financially. Now, I have been married previously, and it was not this way in previous marriage(s). I have literally tried all kinds of variations. I currently do not have a secret account although at one point DH agreed that at any point in our marriage I could take (or he would owe me since we didn't always have this much) $4000 and return home if I felt I needed to go home because our marriage was not working. We have never actually gotten around to putting that money in a separate account but because of the previous people I was married to, it sure did make me feel better that I was not going to be trapped into this marriage as I was before. Peace of mind makes for a stronger bond.
I have no idea, really on what we will budget for this baby. I really am totally clueless. Even though I had DD 7 years ago, and I, thankfully, did not get rid of every single thing (but almost all of it!) I will still have to buy items for the baby almost like I have never had a child. I have moved a total of 8 times (or more) since DD was born so there was no way I could keep hauling all the baby stuff around. I think a majority of our decisions will lie in how the moving plans work out because we will not be in a permanent home until the baby is almost 4 months old, so there is no need to paint, rearrange, etc.