Spin: Marriage and Money

[Rawtid]

I ain't much for the head of the household label.. Once we marry whatever we make together is our money[herein lies the issue of getting married to someone way outside of your tax bracket].

But.. what ever I had before we met is, and will remain mine and/or my kids'. Whatever we build going forward she's entitled to half, and I say half under the assumption that she put in half the work.

Work or not, you get half of whatever made while married. You keep what you came in with. That's why I think your first couple years of marriage you should focus on tripling your networth. That way If shyt goes awry you're leaving with more money than you came in with.

 

[Dwolf]

There is no god.

Welp

 

[Yup]

I pay all my own bills, and she pays all her own bills.

We're pretty much two independent people that are happy being together.

Her mother said we're like a Twix bar.

Thats a partnership...sounds like a roommate.

 

[mamba]

Thats a partnership...sounds like a roommate.

Isn't marriage a partnership?

Men and women are equal, right?

 

[sayyestothis]

My wife doesn't work. She stays home and cares for my kids.

I work. I do all the finances.

My wife has access to my Amex that she can use for anything for the kids and house. However if there is any big purchase that she needs to make for just her she needs to clear it through me first.

 

[Remote]

Isn't marriage a partnership?

Men and women are equal, right?

Of course we are all equal.


Until there's a hostage situation.

Then it's "at least let the women and children go!"

 

[mamba]

My wife doesn't work. She stays home and cares for my kids.

I work. I do all the finances.

My wife has access to my Amex that she can use for anything for the kids and house. However if there is any big purchase that she needs to make for just her she needs to clear it through me first.

That's a good approach.

Financial infidelity happens when either party hides something or doesn't consult the other when making major money decisions.

 

[Rocket Scientist]

When a man becomes a father he has no $

 

[Rawtid]

I wonder how many dukes actually make the kind of money that justifies their paranoia.

I think it's because they don't make "a lot" of money that they are concerned. Even if the guy makes 6 figures, a wife contributing 30k to the house is going to yield a better lifestyle than just solely his salary.

I personally wouldn't struggle just to stay home lmao. I'm taking my ass to work, helping dude build his business so I can sit my ass at home comfortably a few years down the line.

 

[Rawtid]

When a man becomes a father he has no $

Lies.

 

[Rocket Scientist]

Lies.

if a parent isn't sacrificing then its a problem,also explain

 

[Raptor]

Golden rule is both wife and husband should contribute 80 percent of their income to the household in a shared account, 20 percent of your income is for personal shyt. So if a man made 60 in a year and bus wife made 40gs, the husband should put away 48gs for his family and the wife should put away 32gs for the household. The man would have 12gs for personal shyt and the wife would have 8gs. Sounds fair.

 

[Rawtid]

if a parent isn't sacrificing then its a problem,also explain

LMAO! just because you sacrifice for your children doesn't mean you have to be broke. Honestly I'm going to say if you struggle your ENTIRE child's life, then you did something horribly wrong. Honestly I believe one of the goals of parenthood is to establish financially stability, sure that may mean working a few extra jobs or cutting back and yes, it may impact your child for a couple of years, but 18 years of struggling? You fukking up!

 

[Rocket Scientist]

LMAO! just because you sacrifice for your children doesn't mean you have to be broke. Honestly I'm going to say if you struggle your ENTIRE child's life, then you did something horribly wrong. Honestly I believe one of the goals of parenthood is to establish financially stability, sure that may mean working a few extra jobs or cutting back and yes, it may impact your child for a couple of years, but 18 years of struggling? You fukking up!

Cant believe im gonna admit this but for once I actually agree and see your point. Still there are some parents that will give up the world (rightfully so) just so their child can eat and have clothes on their back.Im not sayin being broke for your child is good honestly parents shouldn't have a closet full of Jordans and their child walking around with holes in their clothes etc...

 

[mamba]

Golden rule is both wife and husband should contribute 80 percent of their income to the household in a shared account, 20 percent of your income is for personal shyt. So if a man made 60 in a year and bus wife made 40gs, the husband should put away 48gs for his family and the wife should put away 32gs for the household. The man would have 12gs for personal shyt and the wife would have 8gs. Sounds fair.

I agree. That's a fantastic approach to it.