Post # 1
We’re starting to talk about how/when to combine finances. This is uncharted territory for both of us and we want to make the best financial decisions possible. Beyond combining finances, we need to start discussing how to manage our finances moving forward, including who is responsible for what. Has anyone come across any helpful resources (books, websites, etc) for combing finances? My preliminary searching hasn’t yielded much success and the books I’ve discovered so far don’t have enough reviews for me to trust them.
Post # 3
I would like to hear anyone’s opinions on this as well!
Post # 4
I don’t have resources but this is something FI and I talked about extensively. We had a dating/not living together plan, engaged/living together plan, married plan, etc. Now we’re working on a retire early/pay off the house plan!
Are you looking to formulate a plan when married? Or when engaged/living together?
Are you against the “merge it all” plan since you mentioned “who is repsonsible for what” part?
Post # 5
- Wedding: July 2012 - Baltimore Museum of Industry
Suze Orman has great info in her books about combining finances/dividing expenses.
Post # 6
Looks like her book “Young, Broke and Fabulous” talks about mergine money after marriage!
Young, Fabulous and Broke (Suze Orman) great read for the young adult
Post # 7
As PPs mentioned, Suze Orman’s “Young, Broke and Fabulous” is a good resource.
Post # 8
Suze Orman’s books are great. I would also read Women & Money for your own information.
Post # 9
@swarlesk: Anything by Dave Ramsey and Financial Peace series. You can also check out his website…I think it’s http://www.daveramsey.com
Post # 10
I agree with Dave Ramsey. We are working through this currently. Organizing and agreeing on a budget is KEY. Suze likes separate account with a shared to pay expenses, Dave likes combined. We are going with the separate with a combined because he will have child support deposited from his ex.
Post # 11
Some people earn unequal amounts of money. In that case it can be helpful to pay all of the expenses out of the salary of the one that makes more money while saving all of the earnings of the other.
Post # 12
Gail Vaz-Oxlade covers lots of the basics when it comes to saving and getting out of debt, including combining finances.