Consolidating finances when marrying who is jon stewart dating
Somewhere in between, to varying levels, are those who have planned to split the expense of most items, yet still keep the remaining income and savings separate, for any number of reasons.
In other words, life can get in the way of any good plan.
How else will you be able to have a meaningful conversation about your new financial life together, if you don’t know what’s going on with your money?
The amount of information your new partner will want largely depends on their personality.
For one, it forces you to know what your monthly expenses are and keep tabs on what a good and bad month are.
It also forces you to equally work towards shared financial goals (a large shared purchase, vacation, etc).
Every relationship is unique and the life variables are going to differ. Ideally, this happens at the start of the relationship and periodically throughout.
As financial problems are the #1 reason for divorce, the importance of doing so should not be overlooked.
And given my financial situation, I didn’t think it would be fair to put unnecessary financial or other stress on her for the purpose of sticking to a previously determined financial ideology.My personal story should best describe what I think the biggest is and opportune times to use it.When my wife and I first married (7 years ago), we were mostly financial firewallers.Or maybe just cover her living expenses and ask her to take out high-interest student loan debt to pay for the tuition?This would have saddled her with high-interest debt for years. It was an accelerated program, so this would have been extremely difficult from a time availability standpoint. I say this not as back-patting, “look how good of a guy I am”, but rather to highlight the gradual shift from being financial firewallers to shared poolers.
At the time, she had a decent paying full-time job, but felt ready for a change.