What % of your income
- Thread starter Blownbyyou
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She and I both prefer to keep things separate. She had an ex-husband that spent his way into the poorhouse. Though by now I think she knows I won’t spend more than I can make. It also makes it easier to spend money on car stuff that I don’t need. She would not have like to split the bill with me on all my upgrades this year. We can’t tell each other how to spend our money. As long as we can both pay our portion of the bills, no one lectures the other on spending money. We have a shared credit card for expenses that get split, and we have our own cards for our own expenses. I don’t really know at what point we would merge. We’ve been together six and half year and married two and a half years.
because this
Lol... You don't like my car???
I own 7 cars... just wait until you can pay cash... better yet get a cd with the money and find a 0% loan
Yeah, actually it does. Because every dollar I save today is worth 16 by the time I'm 60. Solid financial advice though.
LOL. Having a happy financial advisor may not be a good thing... I don't really trust any of them. The fact that the government enacted a law stating that they must act in your best interest is very telling...
Separate checking accounts and joint savings account. No fights about money ever, we split bills and we save as much as we can.
This was tbe same direction I've been taught, with a twist. One quarter of take-home monthly income needs to cover 2x mortgage and 1x escrow, paying twice a month to minimize interest paid and shorten loan term. One quarter for all other bills/needs and half to savings.
This worked fine when I was single, not so much now.
We're in the market to build again in spring/summer and are only looking at one income when figuring budget for a lot of reasons.
This is the way it has always been for me, I make almost double her salary but spend probably one quarter. I doesn’t bother me one bit..
I have had shared accounts with other women and have gotten screwed. If I can’t trust my significant other with money then it’s just not going to work!
If I was to get divorced today my wife and I wouldn’t fight over the money, I would gladly give her half or more just to make it go away. I can always make more money and fighting with someone over it just isn’t worth it.
Mortgage - 15%
Utilities - 6%
Car Payments - 0%
Savings / House Improvements / Fun - The rest
I feel like people spend way too much on car payments and mortgages these days, they leave no room for "when things go bad" or for instance I have a friend who owns a home 3x my homes worth, but he never has any $$. Silly imho
Utilities - 6%
Car Payments - 0%
Savings / House Improvements / Fun - The rest
I feel like people spend way too much on car payments and mortgages these days, they leave no room for "when things go bad" or for instance I have a friend who owns a home 3x my homes worth, but he never has any $$. Silly imho
My advisor was already a fiduciary before it was required.
But I agree, I wouldn't put all you eggs there without knowing. Lucky for me I found my advisor by referral from a family friend that has used him for many many years....
So far, so good, but I am always trying to double check his work.
It I just one of the things I don't have a lot of interest in fully managing, though I wish I did
He lives and works in my neighborhood. I know exactly how he lives and he is doing well. I haven't gotten the invite to his Monaco penthouse yet though!
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