Consolidating finances when marrying asian men and white women 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.#wp-subscribe.wp-subscribe-1 #wp-subscribe.wp-subscribe-1 h4 #wp-subscribe.wp-subscribe-1 p #wp-subscribe.wp-subscribe-1 .regular-text #wp-subscribe.wp-subscribe-1 .wps-consent-wrapper label #wp-subscribe.wp-subscribe-1 .submit #wp-subscribe.wp-subscribe-1 .thanks #wp-subscribe.wp-subscribe-1 .error #wp-subscribe.wp-subscribe-1 .When it comes to personal finance, we all do things a little differently.It’s inevitable that the longer the relationship lasts, the more combined the finances will become.Does that mean everyone should just pool everything right from the beginning so as to not delay the inevitable? Why should one even bother with separate finances when it’s clearly easier just to pool everything?After a few years, our money habits can become more like money rules, and staying open minded to new ways of handling our finances can be tough.Even the more flexible among us can still struggle with financial changes.
It also does give a bit of permission to use the separate savings towards personal hobbies, education, and purchases with less of a chance of strong feelings of resentment.If we had a big joint expense coming up, we’d add equal amounts to our joint account, without exception.A few years ago, we started discussing a career change for my wife.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.