(Closed) Financial Planning

posted 7 years ago in Money
  • poll: Our financial planning is

    Completely independent - we each do our own

    Interdependent - we do it together

    Somewhat interdependent - we have some of our own individual plans and some together

    Dependent on my SO - I let them figure it all out

    Dependent on me - my SO leaves all the financial stuff up to me

  • Post # 3
    2890 posts
    Sugar bee

    Independant. For now we each have our individual budgets, we take care of our debts and savings individually. We’re both students right now. Maybe later when we both have our job we will combine everything, but until we are both settled, we each take care of our money. When I start working before him, I will pay more for the rent, but I will pay off my own debts before paying his, that’s for sure. Plus, the money I save now is for both of us as well. Either way, it will benefit us both later if we take care of our credit score and debt individually. 

    Post # 4
    9129 posts
    Buzzing Beekeeper
    • Wedding: November 2013 - St. Augustine Beach, FL

    @AB Bride:  Currently we budget our individual income separately, then we compare our joint income/bills.  When we get married, it will all be integrated into one income/budget.

    Post # 5
    18628 posts
    Honey Beekeeper
    • Wedding: June 2009

    Everything of ours in joint but I am the one that keeps the budget and the account information. He often asks me how much we have saved or how much is left on the mortgage.

    Post # 7
    442 posts
    Helper bee
    • Wedding: October 2013 - Tybee Island, GA

    I put all my monies in his bank. lol. I keep up with what needs to be paid and when. lol. And he goes and pays them 🙂 We dont have anything seperate.

    Post # 8
    727 posts
    Busy bee
    • Wedding: June 2013

    We have some things together, and some separate.  We each have our own chequing and savings accounts, but we have joint chequing and savings accounts as well.  I do most of the financial planning and budgeting for both of us and our joint expenses.

    Post # 9
    1143 posts
    Bumble bee
    • Wedding: June 2011

    We have separate everything, but we do consult each other on bills and big purchases that one of us may want to make. For example, I pay my own student loans, and he pays his own car payment. We know how much the other has in their checking and savings.

    Post # 11
    727 posts
    Busy bee
    • Wedding: June 2013

    View original reply
    @AB Bride:  That’s how it is with us too.  I like having my own account and I’m happy he has his.  I’m too picky and I know I would probably nit-pick what he spends his money one if we shared.  As long as our bills are paid, and we’re contributing to savings and RRSPs, etc., I don’t care how he spends the rest.

    We jointly decide on larger purchases and how they will be paid.  We do have both our names on our mortgage, but we have our own names on our vehicles and our own RRSP/TFSAs etc.

    I generally do most of the financial planning, budgeting, and decisions because I’m just better suited towards that (he agrees and likes that I take care of it).  But I talk things over with him prior to agreeing to them.

    Post # 12
    6111 posts
    Bee Keeper
    • Wedding: August 2012

    We do financial planning togther.  We discuss how to invest our accounts, how much to put away in retirement, which accounts are priorities.  We plan for it as if they are all of our joint accounts (checking is but retirement is not).  Afterall we’re both going to be using the $$ in retirement!  We want to retire early so that’s going to take some plannng on how to live prior to the age 59.5. when most of our accounts will be accessible.  So we plan it together.


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