Relationships and Finance

  • Posted by a hidden member.
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    Feb 11, 2015 11:57 PM GMT
    So how do you and your partner deal with the financial arrangements in your relationship? At what point do/did you create a joint account, if at all? How do you divvy up what's shared? Do you keep everything separate? Do finances play a significant role in the relationship? arguments over money?

    What've your money experiences been like in your relationships?
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    Feb 12, 2015 5:11 PM GMT
    Not sure when it happened. He was very sneaky about it.
    I made more when we started out, but he does now.
    I moved in and he was all "don't worry about it".
    Next thing I know it's 15 years later and I haven't done my Taxes in 5 years.
    I do get a nice Nike/Under Gear allowance, plus a Cannondale stipend so I can't complain.
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    Feb 12, 2015 11:33 PM GMT
    create a pre nup agreement while you 2 are still talking. Write it all down, dont include anything emotional. Have it notarize. NoLo.com has a home skillit book out there. while your on a roll write a general power of attorney and will. Dont forget to switch beneficiaries on all the 401K's too. Get a safe you keep in the house.

    He is more than a room mate?? Will you share everything?? Marriage is about creating a common household together, good or bad like your parents. I would get serious on this when you plan to get married. DO NOT TREAT THIS LIGHTLY, IT HAS GRAVE LEGAL CONSEQUENCES. The in sickness or health, good or bad really really will come to pass, life is a long winding road. I cant stress this more; sickness, health, good, bad YOU WILL EXPERIENCE ALL OF THESE. If any small tiny doubt DONT DO IT. Couples dating >3years show a resistance to divorce. Good luck, do what you want.

    Keep both of your personal bank accounts and have your pay check(s) deposited into a common account. Run the house off the common account(s). Having a common account gives a clear indication if you two can afford that NYC vacation. I like using Chase Bank for the common account because they have a functional on line quick pay, easy to transfer between outside banks, all on line. We meet up at a hole in the wall bar once a week to discuss fiances. I asked his permission before going ahead to buy a nail gun off ebay. He asked if he can go ahead with his dad's new cell phone. We dont argue on money but my last straight marriage we did.
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    Feb 22, 2015 5:18 PM GMT
    The best way :
    you open a bank acct with your 2 names .
    At the beginning of the month , you both put an equal amount of money in it . You use that account to pay for expenses .
    If one makes more than the other , he could decide to pay for extra expenses like a vacation or buying/leasing a car that both are using ......
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    Feb 23, 2015 2:30 AM GMT
    When I was together with my ex-husband (We split up in 2012), we kept our own individual bank accounts but also had a third joint checking account in which each of us would deposit an agreed upon sum each month out of which we paid all the household bills. During all that time I was still paying $1000 a month in student loan payments, and for most of the time we were together his mother was living with us (and she was basically financially indigent). In consideration of both of those factors, he did (and paid for) most of the food shopping, while I tended to pay for restaurant bills, movies, etc. when we would go out.

    And, as for home furnishings, basically whoever wanted to buy something paid for it (and that was usually him because I basically don't care very much about home furnishings).