Are you sick and tired of me blogging about my relationship with Girl Ninja yet? If so, don’t worry there is a $100 giveaway included with this post and if you read on you can figure out how to enter. Anyways, I wanted to take a little time today to write about how Girl Ninja and I are going to operate, financially speaking that is.
First things first. There will no longer be a “my” debt or “my” savings. Nor will there be a “her” checking account or “her” credit card. By getting married we are committing our lives to each other. Yes, that sounds cheesy, but it is true. Remember the part in traditional wedding vows “for better or for worse, for richer or for poorer” well guess what ya’ll; Girl Ninja is going to be in debt for the first time in her life beginning August 8th.
No she’s not taking out student loans, buying a new car, or charging up her credit card. She’s actually doing one of the stupidest things she could do…marry me (she’s way out my league). Which means she will also be marrying my student loan. It’s not all bad though, ’cause she will also get to marry my savings account, which thankfully is quite substantial.
While my debt will still legally be solely my responsibility, we are prepared to work through the “for richer or poorer” part together. It means there is no more “mine” or “hers” but everything becomes “ours”. In the matter of a 30 minute wedding ceremony, we will transform from TWO individuals to ONE team (a pretty sexy-licious team I might add).
The days of individual checking accounts will be a thing of the past. Once we’re hitched, we plan to open up joint checkings, savings, and credit card accounts. We wont have any accounts that the other person doesn’t have full access to. Both of our paychecks will go in to OUR checking account, so it can be transferred to OUR savings account, and eventually be used for OUR expenses. Did ya see what I did there? I emphasized “our” because that’s exactly what everything will be…ours.
I personally don’t understand how some married couples (or even couples who are practically married) can separate their financial lives. There are married couples out there in which the man and woman will literally split “mutual” expenses down the middle. Excuse me married couple, Do you and your wife really need to write separate $500 checks to cover your $1,000 rent?
Why must you keep separate accounts and divvy out who pays what bills? If you made the decision to completely and transparently share your lives with one another, why should your finances not follow suit? Is it because you don’t want your spouse to see how much you racked up on your credit card this month? If that’s the case you have bigger issues in your relationship than financial ones.
- So married couples, do you and your S.O. have joint accounts? Was the process of combining your finances frustrating at all? Anything you regret or would have done differently?
- If you don’t combine accounts, why not? Is it so both have financial responsibilities?
- What’s one thing about money you wish you would have discussed prior to tying the proverbial knot?
p.s. Remember that $100 giveaway I mentioned at the beginning of my post. There isn’t one. I just needed a way to keep those of you who don’t care about my relationship involved. Sorry.