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elposter 
Alabama Fan
South Carolina
Member since Dec 2010
4750 posts
| re: Having the "Money Talk" with the SO before marriage (Posted on 1/18/13 at 11:04 am to WikiTiger)
quote:
Sounds like fun.
Most the time it absolutely is.
quote:
I don't know what could ever go wrong.
Your sarcasm and cynicism aside, obviously a lot can go wrong. It's important to pick a good one if you are going to go down that road. As for the financial aspect (which is what this thread is about) there are actually a lot of advantages and economies of scale that can result in you being better off financially as two becoming one (financially) than keeping everything separate.
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jojothetireguy 
New Orleans Saints Fan
Live out in Coconut Grove
Member since Jan 2009
8456 posts
| re: Having the "Money Talk" with the SO before marriage (Posted on 1/18/13 at 11:04 am to eyepooted)
we pay our bills from one account and kept our separate accounts. As long as the bill account has enough money in it to pay the bills, i don't care what she spends from her own account. It eliminates us have to ask each other for money.
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KG6 
LSU Fan
Member since Aug 2009
618 posts
| re: Having the "Money Talk" with the SO before marriage (Posted on 1/18/13 at 11:04 am to eyepooted)
This was a BIG deal for us. After we got engaged, I learned that her student loan debt was pretty substantial. It really took a toll for a while and we had to really discuss what we thought was responsible spending habits. I think that's just as important as joint or seperate checking accounts.
We keep everything seperate for the moment. She uses her money for spending money and pays whatever she has left on loans. I pay all bills and luxury type things. It works right now and is helping put a dent in her debt.
Have the talk now, and once a month to always know what's going on. It's what we try to do. Only time we argue about it is when we don't keep up with each other for a while.
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mattz1122
Houston Fan
Member since Oct 2007
26083 posts
| re: Having the "Money Talk" with the SO before marriage (Posted on 1/18/13 at 11:05 am to eyepooted)
Not sure anyone in their right mind would want someone with a screen name "eyepooted" to handle their money.
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RonFNSwanson
LSU Fan
Browtown
Member since Mar 2012
11871 posts
| re: Having the "Money Talk" with the SO before marriage (Posted on 1/18/13 at 11:06 am to WikiTiger)
quote:
Sounds like fun. I don't know what could ever go wrong.
something tells me you don't like marriage.
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wildswamptiger
LSU Fan
Member since Jun 2012
90 posts
| re: Having the "Money Talk" with the SO before marriage (Posted on 1/18/13 at 11:06 am to WikiTiger)
This talk is very important, one of my good friends recently got married and did not have this talk, he wife decided to let him know the day before the wedding that she was 15k in debt, 10k from shopping and 5k from college, and that her parents would not be covering her credit card patents after the wedding, to me this would be a deal breaker at least until this situation was resolved but the day before you are pretty much locked in, I felt very sorry for him
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CurDog
LSU Fan
Member since Jan 2007
17560 posts
| re: Having the "Money Talk" with the SO before marriage (Posted on 1/18/13 at 11:06 am to HoustonChick86)
quote:
Do you have a joint account for bills, groceries, vacations, etc.?
no. we split the bills. we try to stay as even as we can.
we do have a vacation fund that we both put into. it also serves as an emergency fund if need be
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LNCHBOX
LSU Fan
Baton Rouge, LA
Member since Jun 2009
6768 posts
 Online
| re: Having the "Money Talk" with the SO before marriage (Posted on 1/18/13 at 11:06 am to eyepooted)
I don't know how you could possibly have a successful marriage without combining finances. If you're relationship isn't able to handle the money talk, you have no business getting married. And if you aren't trusting enough to share your finances, you really shouldn't be getting married.
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NaturalBeam
LSU Fan
Member since Sep 2007
12313 posts
| re: Having the "Money Talk" with the SO before marriage (Posted on 1/18/13 at 11:07 am to sec13rowBBseat28)
quote:
Don't get married if you think you need to have a "money talk".
I know this is the OT and there is notoriously bad advice given, but this is the worst advice I've ever read.
You HAVE to have a money talk - personally, I think joint accounts are the way to go and that everyone knows what's going on financially. Not that my wife gives a shite or ever looks at the account, but in theory...
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thedice20
New Orleans Saints Fan
Member since May 1926
Member since Aug 2008
6481 posts
| re: Having the "Money Talk" with the SO before marriage (Posted on 1/18/13 at 11:07 am to CurDog)
We have separate everything.
I pay for almost everything. She pays her car note and groceries.
yay
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Ellunchboxo
New Orleans Saints Fan
Pville
Member since Feb 2009
7785 posts
| re: Having the "Money Talk" with the SO before marriage (Posted on 1/18/13 at 11:07 am to Pony-Vomit)
quote:
We've had a joint account and a joint credit card for two years now. After we're married, we will have a joint checking account, a joint credit card, a joint savings account, individual investment/retirement accounts, and each have an individual credit card for gift purchases. I handle the budget and bill payments, but we discuss all major purchases. Works excellent for us
That's exactly how we roll.
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eyepooted
LSU Fan
Lake Charles, LA
Member since Jul 2010
661 posts
| re: Having the "Money Talk" with the SO before marriage (Posted on 1/18/13 at 11:08 am to mattz1122)
(no message)
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CurDog
LSU Fan
Member since Jan 2007
17560 posts
| re: Having the "Money Talk" with the SO before marriage (Posted on 1/18/13 at 11:08 am to LNCHBOX)
quote:
I don't know how you could possibly have a successful marriage without combining finances
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Will Cover 
Nebraska Fan
Colorado
Member since Mar 2007
22456 posts
Online
| re: Having the "Money Talk" with the SO before marriage (Posted on 1/18/13 at 11:09 am to eyepooted)
quote:
I am coming up with a plan on what to tell the SO about the money arrangement.
As you should. Just make sure you both give input. It should not be a one-sided conversation.
quote:
How important is this little talk?
Very. Hopefully you know your spouse's habits.
quote:
re joint checking accounts good ideas(i dont think so)?
Yes, of course. As a married couple, you are joined as one. If you can't trust this person with your checking account, you may need to think twice before you marry or have children with them.
This post was edited on 1/18 at 11:10 am
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HoustonChick86 
Arizona Fan
Catalina Wine Mixer
Member since Dec 2009
37599 posts
| re: Having the "Money Talk" with the SO before marriage (Posted on 1/18/13 at 11:09 am to LNCHBOX)
That is a good point.
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WikiTiger
LSU Fan
Member since Sep 2007
38253 posts
| re: Having the "Money Talk" with the SO before marriage (Posted on 1/18/13 at 11:09 am to LNCHBOX)
quote:
I don't know how you could possibly have a successful marriage without combining finances. If you're relationship isn't able to handle the money talk, you have no business getting married. And if you aren't trusting enough to share your finances, you really shouldn't be getting married.
joint account for joint expenses
individual accounts for your own money.
paychecks go into individual accounts.
each person contributes equally to the joint account every pay day
works perfectly
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RonFNSwanson
LSU Fan
Browtown
Member since Mar 2012
11871 posts
| re: Having the "Money Talk" with the SO before marriage (Posted on 1/18/13 at 11:09 am to wildswamptiger)
quote:
he wife decided to let him know the day before the wedding that she was 15k in debt, 10k from shopping and 5k from college, and that her parents would not be covering her credit card patents after the wedding, to me this would be a deal breaker at least until this situation was resolved but the day before you are pretty much locked in, I felt very sorry for him
What a sneaky bitch.  But that is kinda his fault for not asking sooner.
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StormTiger
LSU Fan
Norwich, England, but from TX
Member since Dec 2003
3742 posts
| re: Having the "Money Talk" with the SO before marriage (Posted on 1/18/13 at 11:10 am to eyepooted)
surely if you have been with someone long enough to be getting married to them, you should pretty much have the "money" situation down? I knew my wife's spending habits and ideas about money long before I married her. Having to have a specific talk sounds like there isn't sufficient communication going on there...
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TexasTiger05
LSU Fan
Member since Aug 2007
26639 posts
| re: Having the "Money Talk" with the SO before marriage (Posted on 1/18/13 at 11:11 am to eyepooted)
quote:
How important is this little talk?
easily one of the most important talks
quote:
Are joint checking accounts good ideas(i dont think so)? Can this talk work against me in the future?
We have a joint account. If we want purchase something above a certain limit we'll talk about it- obv excludes bills.
This talk will work against you in the future if y'all don't set some important guidelines down now.
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yellowfin 
Illinois Fan
Paige is Pretty
Member since May 2006
51853 posts
| re: Having the "Money Talk" with the SO before marriage (Posted on 1/18/13 at 11:11 am to NaturalBeam)
quote:
personally, I think joint accounts are the way to go and that everyone knows what's going on financially. Not that my wife gives a shite or ever looks at the account, but in theory...
I agree, but it's me that never looks at our joint accounts
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