Comments on: Money Management in Marriage http://savetothefuture.wordpress.com/2008/04/20/money-management-in-marriage/ Thoughts on personal finance and how it affects our future Wed, 18 Jun 2008 10:57:41 +0000 http://wordpress.com/ hourly 1 By: Rob O'Daniel http://savetothefuture.wordpress.com/2008/04/20/money-management-in-marriage/#comment-74 Rob O'Daniel Sat, 10 May 2008 11:29:06 +0000 http://savetothefuture.wordpress.com/?p=21#comment-74 My wife & I are definitely "Option #1" folks. We look at it like this: if you can't (or already don't) trust your spouse to be an equal partner in your finances, you may be in for big trouble because you're laying a lot more on the line than money when you get married. Money is fleeting. And as wonderful as it can be, married life is more complicated, so why add to that with having to keep up with separate finances? My wife & I are definitely “Option #1″ folks. We look at it like this: if you can’t (or already don’t) trust your spouse to be an equal partner in your finances, you may be in for big trouble because you’re laying a lot more on the line than money when you get married. Money is fleeting.

And as wonderful as it can be, married life is more complicated, so why add to that with having to keep up with separate finances?

]]> By: SteveDH http://savetothefuture.wordpress.com/2008/04/20/money-management-in-marriage/#comment-66 SteveDH Fri, 09 May 2008 14:03:34 +0000 http://savetothefuture.wordpress.com/?p=21#comment-66 Take the time to read "The Family CFO" by Mary Claire Allvine and Christine Larson. If you're both involved and practice the communication and reporting processes described, any of the three choices will work better and evolve into a stronger "partnership". Take the time to read “The Family CFO” by Mary Claire Allvine and Christine Larson. If you’re both involved and practice the communication and reporting processes described, any of the three choices will work better and evolve into a stronger “partnership”.

]]> By: youngsaver http://savetothefuture.wordpress.com/2008/04/20/money-management-in-marriage/#comment-64 youngsaver Fri, 09 May 2008 13:02:14 +0000 http://savetothefuture.wordpress.com/?p=21#comment-64 The more we look at it, the more we want to start out with the "third option" as well. I think that it is important to understand that nothing is written in stone. Like with Bryce, they noticed that they where better off using joint accounts. Thanks for giving me a new perspective on how to handle this particular situation. The more we look at it, the more we want to start out with the “third option” as well. I think that it is important to understand that nothing is written in stone. Like with Bryce, they noticed that they where better off using joint accounts. Thanks for giving me a new perspective on how to handle this particular situation.

]]> By: Bryce http://savetothefuture.wordpress.com/2008/04/20/money-management-in-marriage/#comment-56 Bryce Wed, 07 May 2008 06:34:57 +0000 http://savetothefuture.wordpress.com/?p=21#comment-56 My wife and I started with the "third option" when we got married. That lasted for perhaps a month when we found we used the joint account for everything. We said, "Oh, that's interesting," closed the separate accounts and have been using joint accounts for everything (checking, on-line savings, credit card, and brokerage) for the past 10 years. Our names are jointly on the mortgage, and all titles (house and cars) as well. Obviously, retirement accounts are separate, but we are happy to show each other what our holdings are in those accounts, and help each other with investments. Joint everything is simpler for us. It obviously doesn't work for everyone, but I am happy it has for us. My wife and I started with the “third option” when we got married. That lasted for perhaps a month when we found we used the joint account for everything. We said, “Oh, that’s interesting,” closed the separate accounts and have been using joint accounts for everything (checking, on-line savings, credit card, and brokerage) for the past 10 years. Our names are jointly on the mortgage, and all titles (house and cars) as well.

Obviously, retirement accounts are separate, but we are happy to show each other what our holdings are in those accounts, and help each other with investments.

Joint everything is simpler for us. It obviously doesn’t work for everyone, but I am happy it has for us.

]]> By: Growing Money » Blog Archive » Carnival of Personal Finance #151 http://savetothefuture.wordpress.com/2008/04/20/money-management-in-marriage/#comment-49 Growing Money » Blog Archive » Carnival of Personal Finance #151 Tue, 06 May 2008 12:30:39 +0000 http://savetothefuture.wordpress.com/?p=21#comment-49 [...] Money Management in Marriage Real Life Example of Why You Need an Emergency Fund Gen Xers, Ys: Are We a Bunch of Spendthrifts? Ten Things You Must Carry in Your Purse or Wallet Saving For Your Kids’ College [...] [...] Money Management in Marriage Real Life Example of Why You Need an Emergency Fund Gen Xers, Ys: Are We a Bunch of Spendthrifts? Ten Things You Must Carry in Your Purse or Wallet Saving For Your Kids’ College [...]

]]> By: Carnival of Personal Finance #151 : Carnival of Personal Finance http://savetothefuture.wordpress.com/2008/04/20/money-management-in-marriage/#comment-43 Carnival of Personal Finance #151 : Carnival of Personal Finance Mon, 05 May 2008 23:35:07 +0000 http://savetothefuture.wordpress.com/?p=21#comment-43 [...] The 151st edition of the Carnival of Personal Finance is now online at Alpha Consumer, a blog authored by Kimberly Palmer for US News & World Report. Kimberly selected these articles for “Editor’s Choice:” Money Management in Marriage [...] [...] The 151st edition of the Carnival of Personal Finance is now online at Alpha Consumer, a blog authored by Kimberly Palmer for US News & World Report. Kimberly selected these articles for “Editor’s Choice:” Money Management in Marriage [...]

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