Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open.

How to manage household finances (income & expenses) [duplicate]
My wife and I have close to equal incomes, and are not young.  What we have is this: Some people would classify our system as a bit draconian as we each have "allowance"; however, it makes sure spending does not get out of wack and we work together to meet our goals.