(Closed) Financially dumbfounded.

posted 10 years ago in Money
Post # 32
566 posts
Busy bee
  • Wedding: May 2011

IMO, when you get engaged and then married, EVERYTHING is shared, including money.  Set up a joint account and start sharing!

Post # 33
3048 posts
Sugar bee
  • Wedding: January 1991

Well we haven’t combined our finances yet, and won’t until we get married. But I’ve talked to him and we are going to even out all of our money. I will most likely make the most money, but I want us to be united and on the same playing field (I don’t care what he makes). So say I make 50,000 and he only makes 10,000 (hypothetical) we are combining everything to make 60,000 and will pay bills together and be able to spend the same amount of money. That is when we get married though.

I don’t have any advice for people who are still engaged. That is a good question! I wonder what he’ll say. I’m sure he will want to help you out with a car. It will be both of y’alls responsibility in the future anyway. Let us know what happens 🙂

Post # 34
454 posts
Helper bee
  • Wedding: March 2011

Our intent was to split things 50/50, though I ended up finding work much faster than he did out of college and ended up being the sole supporter for both of us for a while.  We roughly tracked what I paid that he “should’ve” and he’s paid me back in small incriments when he can.  (He still owes me about $6k.. though now that we’re getting married and everything will be even more combined I’m not sure if it’s worth tracking anymore, really.)

I like the idea of putting a percentage into a joint account.  Assuming that the end result covers your bills, if you put 50% of your paycheck and he puts 50% of his into the joint account, then you still get to keep the other half and so does he.  His portion of each just happens to be more.  (IE- If you’re making, say, $2400/month and he’s making $3k, you put in $1200 and he puts in $1500.  You’d have $2700 to pay bills with/save, and then each of you would have the other amount to do what you want with.  That way, yes, you’re still paying 50% of what you make, but it’s not necessarily 50% of the total bills come out to each month.  Since he makes more, he gets to shoulder just a little bit more.  Also, obviously those percentages could be altered to be much higher or lower, depending on your financial needs and how you’re splitting other financial commitments- kids, school, cars, etc.)

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