Comments on: How to Manage Money in Your Marriage http://www.mydollarplan.com/how-to-manage-money-in-your-marriage/ because money doesn't grow on trees Thu, 09 Feb 2012 14:28:55 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: robert http://www.mydollarplan.com/how-to-manage-money-in-your-marriage/#comment-120358 robert Tue, 29 Nov 2011 04:02:07 +0000 http://www.mydollarplan.com/?p=806#comment-120358 i work hard in the oilfield for my money .and my gf witch i live with always needs like out of a 1400 pay check she says i should get 150 for my needs cause she pays bils needs make up whatever im pissed cause i work so hard for the money and she wants it all and calls it ours ,yeah right and suggestions ????????? i work hard in the oilfield for my money .and my gf witch i live with always needs like out of a 1400 pay check she says i should get 150 for my needs cause she pays bils needs make up whatever im pissed cause i work so hard for the money and she wants it all and calls it ours ,yeah right and suggestions ?????????

]]> By: GC http://www.mydollarplan.com/how-to-manage-money-in-your-marriage/#comment-113436 GC Sun, 02 Oct 2011 17:47:16 +0000 http://www.mydollarplan.com/?p=806#comment-113436 Why do you suggest that you will be paying for his ex-wife's alimony payments? You earn your money, he earns his, but he has to pay significant support (both to his ex-wife and to support his children). That should be deducted from his income, and you share the rest. If he can't afford half of what you share, you could try the proportional to what you are each able to contribute to the family expenses. You certainly can't count the money he has to pay to his ex as part of his proportional contribution to the shared expenses - those are separate and have to be kept apart from what he can provide to the new relationship. Why do you suggest that you will be paying for his ex-wife’s alimony payments? You earn your money, he earns his, but he has to pay significant support (both to his ex-wife and to support his children). That should be deducted from his income, and you share the rest. If he can’t afford half of what you share, you could try the proportional to what you are each able to contribute to the family expenses.

You certainly can’t count the money he has to pay to his ex as part of his proportional contribution to the shared expenses – those are separate and have to be kept apart from what he can provide to the new relationship.

]]> By: CarrieGyrl http://www.mydollarplan.com/how-to-manage-money-in-your-marriage/#comment-13185 CarrieGyrl Wed, 14 Jul 2010 12:55:15 +0000 http://www.mydollarplan.com/?p=806#comment-13185 I would like opinions from others. I am thinking of getting married to my boyfriend. He feels the same. HOWEVER he is nearing the decision of a very long, drawn-out divorce. When that is finally over, he will be living on less than half his salary, the rest going to the ex wife for life-long alimony and child support for his 4 children. I have one teen son, age 15, who lives with me half the time and I receive NO child support from the father, nor do I pay any child support. I currently work two jobs. My boyfriend lives in MY condo which I furnished myself. He pays me rent, per the rental agreement I had him sign. We both have lawyer debt to pay off; his is more than mine, but he has significant savings he may be able to tap into once the divorce is finally settled and hopefully he can sell the big house she's still living in with the 4 children. As far as money goes - with blended families, kids, child support payments, etc. etc. our money situation is complicated. I've been single my whole life, never married. I am now 50. I can't figure out the best way we should handle bills, accounts, who pays for what? Joint? I've never done that. He did that for his entire 22-year marriage. I don't think I can do that. I will have more money than him, and will wind up using MY hard-earned paychecks to pay for his ex wife's alimony payments. He is very traditional when it comes to marriage. His ex is the one who cheated and wanted the divorce and had him kicked out of his house by her lies. What would you do? All separate money? Some joint? I would like opinions from others. I am thinking of getting married to my boyfriend. He feels the same. HOWEVER he is nearing the decision of a very long, drawn-out divorce. When that is finally over, he will be living on less than half his salary, the rest going to the ex wife for life-long alimony and child support for his 4 children. I have one teen son, age 15, who lives with me half the time and I receive NO child support from the father, nor do I pay any child support. I currently work two jobs. My boyfriend lives in MY condo which I furnished myself. He pays me rent, per the rental agreement I had him sign. We both have lawyer debt to pay off; his is more than mine, but he has significant savings he may be able to tap into once the divorce is finally settled and hopefully he can sell the big house she’s still living in with the 4 children.

As far as money goes – with blended families, kids, child support payments, etc. etc. our money situation is complicated.
I’ve been single my whole life, never married. I am now 50. I can’t figure out the best way we should handle bills, accounts, who pays for what?

Joint? I’ve never done that. He did that for his entire 22-year marriage. I don’t think I can do that. I will have more money than him, and will wind up using MY hard-earned paychecks to pay for his ex wife’s alimony payments.

He is very traditional when it comes to marriage. His ex is the one who cheated and wanted the divorce and had him kicked out of his house by her lies.

What would you do? All separate money? Some joint?

]]> By: Festival of Frugality #170 – Frugal Living is Timeless http://www.mydollarplan.com/how-to-manage-money-in-your-marriage/#comment-12160 Festival of Frugality #170 – Frugal Living is Timeless Sun, 06 Jun 2010 23:15:16 +0000 http://www.mydollarplan.com/?p=806#comment-12160 [...] Madison presents How to Manage Money in Your Marriage [...]

[...] Madison presents How to Manage Money in Your Marriage [...]

]]> By: Are Debt Consolidation Loans a Good or Bad Idea? http://www.mydollarplan.com/how-to-manage-money-in-your-marriage/#comment-11091 Are Debt Consolidation Loans a Good or Bad Idea? Sun, 25 Apr 2010 15:50:05 +0000 http://www.mydollarplan.com/?p=806#comment-11091 [...] sense of accomplishment and the ensuing tendency to create new debt. The better you can learn to manage your money, the faster you can get rid of this debt. And the faster it goes away the less interest you will [...]

[...] sense of accomplishment and the ensuing tendency to create new debt. The better you can learn to manage your money, the faster you can get rid of this debt. And the faster it goes away the less interest you will [...]

]]> By: The 2009 Personal Finance “How to” Roundup | AllFinancialMatters http://www.mydollarplan.com/how-to-manage-money-in-your-marriage/#comment-8892 The 2009 Personal Finance “How to” Roundup | AllFinancialMatters Mon, 06 Jul 2009 18:26:02 +0000 http://www.mydollarplan.com/?p=806#comment-8892 [...] 19. How to Manage Money in Your Marriage [...]

[...] 19. How to Manage Money in Your Marriage [...]

]]> By: Big Oil Merger, Sales Taxes and Weekend Reading | Million Dollar Journey http://www.mydollarplan.com/how-to-manage-money-in-your-marriage/#comment-8108 Big Oil Merger, Sales Taxes and Weekend Reading | Million Dollar Journey Fri, 27 Mar 2009 16:16:36 +0000 http://www.mydollarplan.com/?p=806#comment-8108 [...] My Dollar Plan explains how to manage money in your marriage. [...]

[...] My Dollar Plan explains how to manage money in your marriage. [...]

]]> By: Ken http://www.mydollarplan.com/how-to-manage-money-in-your-marriage/#comment-8099 Ken Thu, 26 Mar 2009 18:21:06 +0000 http://www.mydollarplan.com/?p=806#comment-8099 What a breath of fresh air, someone talking about marraige and money. I wish I found more posts on this subject. Good stuff! What a breath of fresh air, someone talking about marraige and money. I wish I found more posts on this subject. Good stuff!

]]> By: Molly http://www.mydollarplan.com/how-to-manage-money-in-your-marriage/#comment-8091 Molly Thu, 26 Mar 2009 14:05:19 +0000 http://www.mydollarplan.com/?p=806#comment-8091 We're an unmarried couple living together, and we currently subscribe to the proportional yours/mine/ours strategy. What we've found especially helpful is our annual contract - it spells out what expenses are joint (like in-city transportation to/from work, doctor's appointments, etc.) and individual (prescriptions, fun money, etc). We keep very strict documentation of everything - it helps that we're both math people. And there are very few arguments because of that annual contract. It helps get everything out in the open early on, which I highly recommend. We’re an unmarried couple living together, and we currently subscribe to the proportional yours/mine/ours strategy. What we’ve found especially helpful is our annual contract – it spells out what expenses are joint (like in-city transportation to/from work, doctor’s appointments, etc.) and individual (prescriptions, fun money, etc). We keep very strict documentation of everything – it helps that we’re both math people. And there are very few arguments because of that annual contract. It helps get everything out in the open early on, which I highly recommend.

]]> By: Weekly Roundup: Frugal Home Office Edition | Frugal Dad http://www.mydollarplan.com/how-to-manage-money-in-your-marriage/#comment-8089 Weekly Roundup: Frugal Home Office Edition | Frugal Dad Thu, 26 Mar 2009 10:02:47 +0000 http://www.mydollarplan.com/?p=806#comment-8089 [...] How To Manage Money In Your Marriage [...]

[...] How To Manage Money In Your Marriage [...]

]]> By: Adam @ Checkbook Diaries http://www.mydollarplan.com/how-to-manage-money-in-your-marriage/#comment-8069 Adam @ Checkbook Diaries Tue, 24 Mar 2009 17:28:00 +0000 http://www.mydollarplan.com/?p=806#comment-8069 We implement the Even Stephen option of Yours, Mine, Ours. My wife is a stay at home mom with the opportunity to make some income sporadically through a family business. All money that she earns goes directly into our joint checking account. From my paycheck, $200 goes into two individual checking accounts (one for each of us) every month, and the balance goes into the joint checking account. All of the bills are paid out of the joint account, and the individual accounts are for us to use on daily personal expenses, like gas and eating out. We find this to be a very effective way to budget. We implement the Even Stephen option of Yours, Mine, Ours. My wife is a stay at home mom with the opportunity to make some income sporadically through a family business. All money that she earns goes directly into our joint checking account. From my paycheck, $200 goes into two individual checking accounts (one for each of us) every month, and the balance goes into the joint checking account. All of the bills are paid out of the joint account, and the individual accounts are for us to use on daily personal expenses, like gas and eating out. We find this to be a very effective way to budget.

]]> By: Golfing Girl http://www.mydollarplan.com/how-to-manage-money-in-your-marriage/#comment-8055 Golfing Girl Mon, 23 Mar 2009 18:16:30 +0000 http://www.mydollarplan.com/?p=806#comment-8055 We are definitely in the "ours" category with a $100 threshold on big purchases. We have daily, weekly and monthly discussions on our progress and occasionally readjust savings goals. DH has always made more money than me, but it's always been "ours" which makes me feel really respected. We have 2 joint accounts and each of us is the "primary" owner on one. This keeps us from writing 2 checks from the same account on the same day. We simply transfer money back and forth to pay any large bills. We have the same percentage put into retirement, so that's the only "disadvantage" I have due to making less money. Having everything out in the open really works for us. We are definitely in the “ours” category with a $100 threshold on big purchases. We have daily, weekly and monthly discussions on our progress and occasionally readjust savings goals. DH has always made more money than me, but it’s always been “ours” which makes me feel really respected.

We have 2 joint accounts and each of us is the “primary” owner on one. This keeps us from writing 2 checks from the same account on the same day. We simply transfer money back and forth to pay any large bills. We have the same percentage put into retirement, so that’s the only “disadvantage” I have due to making less money.

Having everything out in the open really works for us.

]]> By: ¿Cómo administrar el dinero en el matrimonio? | Ser Millonario http://www.mydollarplan.com/how-to-manage-money-in-your-marriage/#comment-8054 ¿Cómo administrar el dinero en el matrimonio? | Ser Millonario Mon, 23 Mar 2009 18:15:05 +0000 http://www.mydollarplan.com/?p=806#comment-8054 [...] respecto encontré esta interesante entrad “How to Manage Money in Your Marriage“, en el blog My Dollar Plan, que justamente habla sobre esto. Repasemos entonces los estilos [...]

[...] respecto encontré esta interesante entrad “How to Manage Money in Your Marriage“, en el blog My Dollar Plan, que justamente habla sobre esto. Repasemos entonces los estilos [...]

]]> By: Weekend Linkage - March 22, 2009: Visit To The New York Botanical Garden http://www.mydollarplan.com/how-to-manage-money-in-your-marriage/#comment-8046 Weekend Linkage - March 22, 2009: Visit To The New York Botanical Garden Mon, 23 Mar 2009 02:49:48 +0000 http://www.mydollarplan.com/?p=806#comment-8046 [...] How to Manage Money in Your Marriage @ My Dollar Plan [...]

[...] How to Manage Money in Your Marriage @ My Dollar Plan [...]

]]> By: Weekly Round Up - Imagination Mover’s Style | Good Financial Cents http://www.mydollarplan.com/how-to-manage-money-in-your-marriage/#comment-8043 Weekly Round Up - Imagination Mover’s Style | Good Financial Cents Sun, 22 Mar 2009 22:48:56 +0000 http://www.mydollarplan.com/?p=806#comment-8043 [...] How to Manage Money in Your Marriage - Married? Have trouble managing your money together? Well, you’re not alone. Money is one of the most debated topics between couples. If you’re looking for some advice, My Dollar Plan has some good tips you can share with your partner to help manage your money better. [...]

[...] How to Manage Money in Your Marriage – Married? Have trouble managing your money together? Well, you’re not alone. Money is one of the most debated topics between couples. If you’re looking for some advice, My Dollar Plan has some good tips you can share with your partner to help manage your money better. [...]

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