really enjoyed this! we do what you do and it works really well for us. it’s easy because we make similar amounts and neither of us have debt outside of our mortgage and car note. but i like having my own account so i can buy my own stuff without feeling weird, and so he can do the same. and frankly, it’s nice treating him to dinner/gifts and also being treated!
The biggest financial disagreement that came from my house was when we were redecorating and I fudged the budget (which we then went hilariously over) at the start. My thought was that my husband had no rational idea of what nice things cost so it was just a waste of energy to tell him on the front end. However the conversation required when I had to have him sign off on the overages was not fun and I had to admit I really goofed by not being upfront early on. We now treat any project like a large CRE construction draw with weekly updates and budget conversations and it’s been so much healthier and productive. All this to say honesty is the best policy and have MORE conversations, not less, around money.
LOL ummmmm Mr. Dumb Rich saw this comment and texted me saying "great and timely comment on your Substack." And I just knew. We just moved a few months ago and I've been handling most of the interiors. Needless to say, I've had to go back to him with my tail between my legs a few times!!! Lesson learned!
lol nothing worse than having to say “whoops I goofed!” Also to be fair - who knew the cost to hang wallpaper was like 3x the cost of wallpaper and wasn’t in the estimate!!!! Was a surprise to me! I hope though that you love the interiors and when Mr Dumb Rich is giving you the 👀 on the project you can say BUT LOOK HOW LOVELY OUR HOUSE IS!!!! That’s been my default response 😂
Great read! I enjoyed how you outlined three options for managing money in a partnership. I recently wrote about how to talk about money with your partner (https://accountablebudgeting.substack.com/p/issue-2-how-to-talk-about-money-with?r=57jdz4) and the biggest takeaway in researching the post is that transparency is key. One of my main priorities when making the Accountable budgeting app was allowing partner's to share a budget whether or not they share finances. I thought it was necessary to be able to make transactions private but still track shared budgeting goals. Like you said, a lot of people aren't completely combining their finances anymore but that doesn't mean that they're not aligned on shared goals!
really enjoyed this! we do what you do and it works really well for us. it’s easy because we make similar amounts and neither of us have debt outside of our mortgage and car note. but i like having my own account so i can buy my own stuff without feeling weird, and so he can do the same. and frankly, it’s nice treating him to dinner/gifts and also being treated!
Yes!!! I feel like it sounds more complicated than it is, but once you're in a rhythm it works smoothly :)
The biggest financial disagreement that came from my house was when we were redecorating and I fudged the budget (which we then went hilariously over) at the start. My thought was that my husband had no rational idea of what nice things cost so it was just a waste of energy to tell him on the front end. However the conversation required when I had to have him sign off on the overages was not fun and I had to admit I really goofed by not being upfront early on. We now treat any project like a large CRE construction draw with weekly updates and budget conversations and it’s been so much healthier and productive. All this to say honesty is the best policy and have MORE conversations, not less, around money.
LOL ummmmm Mr. Dumb Rich saw this comment and texted me saying "great and timely comment on your Substack." And I just knew. We just moved a few months ago and I've been handling most of the interiors. Needless to say, I've had to go back to him with my tail between my legs a few times!!! Lesson learned!
lol nothing worse than having to say “whoops I goofed!” Also to be fair - who knew the cost to hang wallpaper was like 3x the cost of wallpaper and wasn’t in the estimate!!!! Was a surprise to me! I hope though that you love the interiors and when Mr Dumb Rich is giving you the 👀 on the project you can say BUT LOOK HOW LOVELY OUR HOUSE IS!!!! That’s been my default response 😂
Great read! I enjoyed how you outlined three options for managing money in a partnership. I recently wrote about how to talk about money with your partner (https://accountablebudgeting.substack.com/p/issue-2-how-to-talk-about-money-with?r=57jdz4) and the biggest takeaway in researching the post is that transparency is key. One of my main priorities when making the Accountable budgeting app was allowing partner's to share a budget whether or not they share finances. I thought it was necessary to be able to make transactions private but still track shared budgeting goals. Like you said, a lot of people aren't completely combining their finances anymore but that doesn't mean that they're not aligned on shared goals!
Thank you! Couldn't agree more about transparency :)
A great read! Although single, i will hopefully be able to use these ideas in the future!! Can’t wait for next week
I will for sure do a friendship/belated Galentine's post for all my single ladies!!!