Should You Combine Finances?

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You've just moved in with your boo, but the first rent bill comes and you wonder... "How should we split this?"
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Two Cents was created by Katie Graham, Andrew Matthews, Philip Olson CFP® and Julia Lorenz-Olson and is brought to you by PBS Digital Studios. We love dropping some knowledge on all things personal finance and helping you make better money decisions.
Two Cents is hosted by Philip Olson, CFP® and Julia Lorenz-Olson
Directors: Katie Graham & Andrew Matthews
Written by: Andrew Matthews
Executive Producer: Amanda Fox
Produced by: Katie Graham
Edited & Animated by: Sara Roma
Images by: Shutterstock
Music by: APM

[@asdfqwertA]

Name a better power couple. I'll wait

[@DannyLuu]

Bill and Melinda Gates!

[@urmemlel8721]

@ Eve was a bitch, she played Adam Dirty.

[@LapisGoBlue]

Rahil .S Romeo and Juliette

[@iihamed711]

@A G it's not that deep

[@urmemlel8721]

@A G but my man Adam didn't had the urge to eat it, but they both did wrong tho. Anyways who knows what really happened or IF happened, church changed a lot of stuff for convenience.

[@millionaire99i]

Looking at financial channels like this one has help me pay off all my debt besides my house. More millennials are becoming financially literate by watching KZbin.

[@TwoCentsPBS]

So encouraging, thanks for sharing Marquis!

[@millionaire99i]

@@TwoCentsPBS You're welcome. Keep up the great work.

[@DannyStopMotions]

Marquis Patterson Sadly, “shopping haul” videos are popular amongst teens here...

[@mustafahafeez411]

Shopping haul?

[@gingerluigiwithnomoustache7411]

Mustafa Hafeez where many wealthy/ and or ‘fake wealthy’ people buy 100-1000s of dollars of product while purging already owned products. They get profit from the video but it can motivate others to follow, which is a bad decision

[@SteveRam]

1 of 4 failed marriages are caused by money problems. It’s a real issue. Thanks for tackling such a sensitive topic in a world with a variety of non-traditional set ups. Great video!

[@littlesongbird1]

I remember hearing about that in college and was shocked. Now 10 years later (okay a little more than that), I can see how that is a problem. I see a lot of couples who split over finances (one may be frugal, one more materialistic, etc. ). What shocks me (perhaps because I am still single) is how do people not realize their partner's spending habits before they tie the knot?

[@annamelanie5151]

@@littlesongbird1 Willful ignorance and magical thinking are very real things. Even when people spot red flags in their boyfriend’s /girlfriend’s spending habits, many foolishly believe that marriage will somehow solve them. Many women in particular are driven by the romantic notion of being queen for a day (and keeping up or besting their friends). They push hard and fast for weddings, dragging the guy along. All the while with blinders on as to the realities of personal finances and shady truths. His and hers.

[@jcarteaga5296]

Conveniently Im getting married this month, so this came at the perfect time!

[@Erika2]

JC Arteaga Congratulations!! 🎉

[@TMZahida226]

Moved in w my fiancee last month! This is sooooo timely.

[@TheBoxingNinja]

Congratulations!

[@perotal]

If you are getting married this month I really hope that the money discussion with your significant other happened a long time ago !

[@saysomethingsmartcomeonent5233]

JC. Have a contingency plan. Always have a contingency plan. Do not be naive. You getting married you are taking a huge risk. And you're going to feel it hardcore. Marriage is going to tear you in two, after 6 months - 2 years, if you do not have a contingency plan, you will be stuck doing what she want with the balance tip in her favor. Just remember the court system is glee with happiness when she entered. You're going to hear this quote: "happy wife = happy life". Once you hear that you might want to run. Get out before it too late.

[@alharethhassan2079]

As someone from Sudan ..I don't know what to do with most of the information I get from your videos , but I am enjoying it ... Keep it up

[@dr.ashutoshpandit9180]

alhareth hassan hello brother from another mother, I am from India and your comment made me curious. Can you please tell how the economic and social situation different from these videos? I mean geopolitical issues aside we don’t know much about Sudan. I apologise for being ignorant but please can you make an effort to enlighten more regarding your comment?

[@TheBoxingNinja]

.

[@alharethhassan2079]

@@dr.ashutoshpandit9180 Well Dr.Ashutosh ..I can't give you an in-depth analysis but from my personal experience : 1- The major difference is that the tax system in sudan is not well established so most people don't pay income taxes 2- more than 50% of the country lives under the poverty line and live with day by day income 3- There is no interests in loans which is forbidden in islam the majority's religion 4- people often live in family's house and share finance until they get married and sometimes even after that They are other differences in people spending habits , the increasing inflation rates, and other stuff that affect many people ability to save and plan their finance .. These are just my thoughts as i am no expert in these matters but i hope that helped .. Thanks for your comment

[@TwoCentsPBS]

Wow! Thanks for joining us!

[@TwoCentsPBS]

@@alharethhassan2079 This is super interesting. Thank you so much for sharing all of this.

[@gracemistress]

I'm glad you mentioned the possibility of abusive relationships. Thanks for keeping your advice and pros/cons discussion realistic

[@gracemistress]

Do you think you could do a video about if someone in a relationship makes significantly more/less money than the other?

[@klbittick]

Thank goodness! That's what happened to my husband with his ex gf. He would pay off a credit card and she would rack it right back up. Before he knew it he had 20 different maxed out credit cards, and 3 different consolidation loans. We discussed finances early on in our relationship because I was looking at the possibility of us moving in together which happened far sooner than I ever wanted. It took 4 years and 2 garnishments from his check. But we got it!

[@colin1818]

@@gracemistress - Why? If you're married then it's all communal property anyways. I literally make 6 times what my wife makes and yet our finances are still combined.

[@gracemistress]

@@colin1818 not everyone who is in a serious relationship is married, but they still might have a lot of finances together like rent and groceries.

[@colin1818]

@@gracemistress - I don't think you're understanding what it means to "have your finances together." If you just split some bills that not the same as being on loans and bank accounts together.

[@NovelNovelist]

Actually my grandparents, who were born in the 1920s, kept separate bank accounts and served as the example upon which I modeled my own separate finance system with my husband.

[@garethbaus5471]

That is interesting.

[@danielm.1441]

My partner and I keep separate finances, and one joint account - we pay equally into that a little more than needed per month, and common expenses go out from that. Surplus can be used for holidays/saving/joint purchases. This means that we don't patrol each other's spending, & have spending independence.

[@elphabarichardson607]

This is what my husband and I do. We do, however, discuss any big purchases, not to talk the other person out of it but to just have a person to bounce the ideas off of before making the choice. It works, even though, I have to admit, that I did not enjoy the month's worth of conversations and research about which gaming computer he should have built. I now know more than I ever cared to know about closed-loop liquid coolers!

[@HermanWillems]

That's what i see here often. (Netherlands)

[@Erika2]

Love this concept of "fun money"! Trust is the foundation of any successful relationship! As always, great video!

[@maccabeeodin]

I started collage later in life while my partner was almost done with her degree. So she was the bread winner, while I had a few part time jobs. After I finished mine the roles switched so that she was at home with the children. Now that they're getting to school age she's looking to get a new career.

[@chelseashurmantine8153]

maccabeeodin awesome

[@olandir]

Your method of having individual envelopes of "guilt free spending money" while having combined finances is EXACTLY what my wife and I do. This is the exact method I setup with my wife (then fiance) when we combined finances six years ago and it works great!

[@rohyco]

I was literally saying "causation vs. correlation" out loud when you addressed it!

[@dirtymike3329]

But they didn’t address it! Unless they set up the experiment such that some people are forced to share and others split, there is no way to be sure. They addressed it with a single wave of the hand

[@blackbutterfly233ify]

Can you explain what that means

[@gsogymrat]

My husband and I have been together 28 years and we have separate finances and do bill parsing. We very rarely have disagreements about money. There are some things I'm interested in and pay for, such as electronics and cable, and things he's interested in and pays for, such as landscaping and lawn care. Major purchases such as property or vehicles we split.

[@sevalle83]

in my current relationship we keep our finances completely separate and we split bills 50/50. For me this is the way, my previous marriage was all in and she abused the money badly...took me through bankruptcy and financial ruin...to safeguard myself from that happening again I've kept my finances separate in all my relationships since.

[@STMARTIN009]

Yeah I have been married for 7 years now. I found out she had some credit card debt that I was unaware of. I got her on a debt management plan which means her accounts are closed and I am helping for pay it off. I don't agree with combing finances as I am the one who handles a majority of the important household bills since I make a lot more than she does. We are working on things one day at a time.

[@TheHouseElf]

We actually had a conversation about this last night. I'm a saver and he's a spender. I'll show this to him.

[@jaydubya9265]

TheHouseElf good luck lol

[@o0Avalon0o]

Good call! The Financial Diet (KZbin channel) also has some related videos that helped me & my partner work together towards our financial goals better; you should check it out.

[@joemann7971]

Sounds like he'll just spend what you save...lol. You both need to get on the same program. If you can get him to commit to saving, or maybe set a budget for each of you, I think that would work.

[@makaylataylor8491]

This is my situation. We started out sharing accounts then eventually split our accounts because he would spend his fun money and then dig into our other money. Having separate accounts provides peace in our house lol.

[@RichardAllen7753]

They got me with the replay/guitar riff

[@miguelz5759]

The positivity from you two while also showing what didn’t work out in the past and learning from it is what I enjoy the most about this series. Keep up the great work guys!

[@Cosmic.tardigrade]

Before I watch this video, I want to say thank you, your channel is beautiful, the videos have high quality and you take the time to read and give us good information ... You are the best! I'm from Colombia an here we don't have access to this type of content in Spanish ... Please keep on doing this amazing contribution to the world!

[@nitipriyasingh1387]

Why don't you take permission with them and make such videos in Spanish.

[@barvdw]

You would have to adapt the contents to suit your society's laws and habits, I mean, this series is quite US-centered. Things like Roth IRAs are unknown elsewhere, there might be differences in marriage law (registered partnerships have basically the same advantages here as marriage), inflation rates can differ immensely... It would be more then just translate.

[@GrnXnham]

Been married 27 years. We combined finances on day one. We've never had any money problems. BUT, whatever you decide to do in your relationship, you have to talk about it! It's all about communication. My wife and I discussed this in detail before we were married just to make sure we were on the same page. Honestly, I probably wouldn't marry a woman unless we agreed on most things financially. People underestimate just how important the topic of money is in your life.

[@kingkaga898]

Its always a messy situation when I have divorced/separated clients trying to unmerge their finances in banking, so much pettiness between people purposely overdrafting the account or refusing to come in to sign paperwork :(

[@miguelcoronel7672]

Exactly, that's why I won't merge finances

[@dontaeroye9359]

I'm worried about losing my independence. Then again, It makes sense to pool resources.

[@slavenrasic2204]

You don't have any independence anyways, so don't be worried

[@MJCaboose5akaKirby]

then get married lol

[@TheHouseElf]

Keep your accounting straight and know what of the combined assets would be yours in the event of a split.

[@saysomethingsmartcomeonent5233]

@@MJCaboose5akaKirby wow. What a way to kill the guy. Dont promote suicide to someone else

[@saysomethingsmartcomeonent5233]

Wow KZbin deleted my comment. From before

[@InvestingEducation]

I would keep a separate acct too

[@ankitg6454]

What a eunuch

[@AmanSingh0699]

@@ankitg6454 Bhai *an aaega.

[@1gr8chef123]

We keep our finances separate and have for 20 years! Keeps us honest about spending. Sink or swim with the bills....neither one of us wants to be the sinker!

[@DietBajaBlast]

this doesn't make any sense

[@NiesLife]

@1gr8chef123 If you don't mind me asking, how did you two handle big purchases like houses and children (if you have any). Me and my partner want to keep out finance separate but ww really don't have anyone to go for advise

[@DietBajaBlast]

@@NiesLife Use a budget, that's the most important tool you can use. YNAB, Everydollar and Mint are all good.

[@1gr8chef123]

We didn’t purchase our children....we made them the old fashion way.....BUMP N GRIND!!

[@NiesLife]

@@1gr8chef123 haha! But those fun bundles are usually very expensive to maintain aren't they?

[@SmoothJK]

Combining incomes for married people is the way to go, but I love that idea of guilt-free fun money for each person. Best of both worlds indeed!

[@Bobalicious]

My wife and I shared a checking account in the beginning. That lasted about a month. She went nuts and paid ALL the bills--even ones that weren't due until after the next paycheck. We had no money for groceries, or gas, or anything. After that, we went back to separate checking accounts and that was much better.

[@animelvr99]

why did she go crazy paying bills?

[@Bobalicious]

@@animelvr99 Previous boyfriend not paying them at all.

[@animelvr99]

@@Bobalicious ahhh she got PTSD from previous relationship lol. well im glad you guys figured it out. all the best for you guys

[@Cyanbuns]

I haven't even had a partner in 3 years....welp, can't hurt to watch this video anyways

[@saysomethingsmartcomeonent5233]

Knowledge is power. You can offer your own advice when you come across someone that needs it.

[@AlexanderGeorge]

If you're a man, keep being a bachelor.

[@crooked52h]

I know your savings lots on money then

[@emilebongkiyung8089]

You're not alone. I don't even know why I'm here lol

[@wolfpackflt670]

I've never been in an relationship in my entire life. I'm 31 BTW.

[@MandyLina123]

My parents have both combined and separate finances and I want to be like that. They put X amount into a shared account for bills, but keep the rest in their own accounts for their own spending. Mom was a spender, Dad was a saver. Mom became more saver over time, but before that, she was pretty financially damning to him.

[@xbjrrtc]

I'm the sole breadwinner while my husband is in professional school, and we have a hybrid approach. We have a joint account for bills and living expenses, but we both also kept our personal accounts from when we were single. We both get an "allowance" direct deposited into our personal account each paycheck to spend or save however we want. It really helps provide some sense of independence and prevents us from having to micromanage each other's spending.

[@alexandra109]

I was with my ex for 18 years. Once we got married we combined all of our money. Over the years there were times he made more and other times I made more. There was also a 2 1/2 year period he was out of work. Our shopping habits were completely different. I purchase more frequently and he used to purchase less frequently but large $$. It caused us issues at different points in our marriage. I don’t know what I would do in my next serious relationship, however I know it will be a more intentional decision. Combining finances just because that is what I grew up with is something I won’t do again. I think having open honest conversations about money is the most important.

[@maxunger2309]

Thank you for creating this type of videos. It really sparks easy-going discussions in our relationship and inspires for joint strategies that ultimately forge us together even deare

[@brandonharrison58]

My wife and I met after we had already been working for quite some time. Having individual and joint accounts has worked out well so far.

[@Imjusthereforkicks]

My husband and I have a joint bank account where both of our paychecks get deposited. We also have a joint emergency savings account. All of the bills get paid from the joint account and we put away about $600 a month into the emergency savings. We usually have about $500-$700 left over so we split it evenly for our personal accounts. We’ve been doing this for about 8 years now and it really works 🤩

[@kylev.8248]

I just gotta say thank you two so much. You’ve really made a big impact on my life. This video is the reason I’m married now! It sparked our conversation about the future and well the rest is history.

[@TheEmmaHouli]

Husband and I started sharing finances when we started living together, cos we had to save up about three months worth of combined wages to get us through the summer months every year (we were non contract teachers) He also had a lot of debt, and trouble with his visa so very early in our relationship we tackled both of those problems. Once we got married (and had more stable jobs that paid us over the summer months) we knew we each wanted to save up personal money for personal goals, so while we split living expenses, we didn't put a lot into the joint account. A few weeks ago we went back to the drawing board cos we want to move country again and buy a home in my home country. Financial independence is still really important to us, but so is working as a unit we are also working to having it both ways :)

[@tanayaclark5634]

This early and not even notification squad #KZbinIsMyLife

[@MaxwellPietsch]

correlation / causation on the study where people broke up because they didn't pool finances. Researchers saying the quoted text doesn't mean the study proved that there was a causation. Loved the video overall, especially the guy's facial expressions while the girl was talking towards the end haha

[@freshstuff2648]

Always been single, but still great advice that I may need someday!

[@itsme132442]

My WIFE and I share finances. However, if we weren't married there's no way I would. That didn't come up though as we did things VERY TRADITIONAL and she didn't move in with me until we were married. Sharing completely has worked out well. During the first 9 months she made more money than I did. However, after that I got a better paying job and it flipped for awhile. Then we had our first kid and my wife had always wanted to be a stay at home mom (this was the plan all along and it's one of the reasons I switched from planning to teach Physics and Calculus in High School to Mechanical Engineering). At this point I'd feel like things were really messed up of we didn't share. Can you imagine me telling her "aw thanks for working hard and taking care of the kids, here's your allowance"? I can't, but since it's all just equally shared we just have discussions on how we want to spend it

[@TheC0mart]

A little bit of both. I wanted combined and my husband wanted separate. So we compromised and we have separate accounts and transfer money to a joint account that’s used for bills and a joint savings account. This way whatever is left over in our account after we transfer money is our own to spend how we please. Best of both worlds.

[@TheCastedone]

US all the way

[@cspicer77]

But how do you negotiate how much each person has to transfer?

[@elphabarichardson607]

@@cspicer77 My husband and I have our own accounts and a joint account. We figured out our bills and we both pay half. I make less, so my personal account is not as much as his, but that is okay. If I really need something that I cannot afford or cannot save until I can afford it, he and I can work that out without any issues. It has not happened yet, but I have no doubts that we would manage it fine. Also, when we purchased our house, we made sure that the payments were low enough that either one of us could pay it on our own so that paying half would not be an issue for either of us.

[@TheC0mart]

cspicer77 we look at our take home pay and add that. From there we determine what percentage of our income I’m bringing in and what percentage my husband is bringing in and that’s the percentage you have to contribute to the bills. For example, if I bring home 40% of our monthly income and our monthly bills are $3000 then I would contribute $1200 monthly because that’s 40% of the bills.

[@plshelp]

Maybe the ideal would be to have both incomes go to the same account but both people also having separate accounts where they could pour sometype of allowance so they could keep some independence to buy their own stuff without having to ask every single time

[@frediasosby4714]

*There's no shortcut to getting rich, but there are smart ways to go about it. I’ve been investing since 2014 and I’ve acquired over 2M dollars. Start early to create other sources of income so you don't suffer in retirement or old age*

[@jaredrobinson6232]

I really need to invest to generate passive income. But I have a question; how do I make a good investment?

[@frediasosby4714]

@@jaredrobinson6232 You can watch investment videos or read books on investment but making a good investment falls down to having an expert guide you. I can testify to the great services of Curtis John Gray, (a US-Base) financial advisor. Working with Curtis, was the best for my finances and in making passive income.

[@jaredrobinson6232]

@@frediasosby4714 *Awesome.* How can I contact Mr. Curtis John Gray. Do you mind sharing his information out here ?

[@frediasosby4714]

@@jaredrobinson6232 For details on my financial advisor; Curtis John Gray, Do a quick internet search with his full names as mentioned.

[@TumpBull-do9ss]

Curtis John Gray's name has popped up on all platforms as many people are commenting and praising his skills. I think Curtis John Gray must be good at his job to earn praise from people around the world. Indeed, when you are good at what you do, there will surely be testimonials and recommendations.

[@yousseph777]

When my wife and I met either of us had much to share. Since I was living in her county at the time, she handled much of the monthly expenses through her account while saving were converted to dollars and sent back home, Illinois. My wife and I share all burdens and expenses now that we both work abroad. I feel it has strengthened our relationship. Risk is the price of gain !

[@vincentfox4929]

In the end, it all comes down to trust.

[@michaelohwtf]

Have a joint account for household goods, but keep earnings separate. That's how my parents did it, and worked fine for them.

[@needlequill]

My wife's money is her money. My money is our money

[@jellybeans9283]

Yikes

[@ColinTherac117]

And that is abusive if true.

[@carultch]

You need a divorce. No wait. You need to flee the country, and deprive her of your income altogether.

[@rankup5832]

"Combining finance replay" was a nice addition

[@stayathomemarine]

When my husband and I got married, we became one. That includes finances! It helps because we are both on the same page to budgeting. Being on the same page is KEY!

[@leeklinglesmith3427]

This is the best comment right here

[@jccanteen]

Agree if you’re married. Don’t agree if you’re dating. They included both arrangements in this video.

[@wlonsdale1]

@@jccanteen if you're dating you shouldn't be living together

[@koolk2269]

Walt Lonsdale It’s the 21st century who cares?

[@richyoung4051]

@@koolk2269 lmfaooo for real. if anything, how the hell are you suppost to know if you and someone will work living together before getting married? that is literaly taking a shot in the dark waiting till marriage to live together hahahah. that can go sooo bad so quick and ruin everything and make you find possible big issues between the both of you when its too late and your locked in a marriage

[@rudrakshsachdeva6204]

As a guy from india we don't get channels like yours on KZbin so I am really happy to find your channel it's just too good for the future of a person

[@quantomtheory]

It's always nice to hear someone recommending the system you are using for years (the fun money) :D tip: Combine this with an extra account for fixed yearly costs and an automatic saving account and you have a killer system!

[@nataliefontane]

My husband and I use the proportional earnings approach to split all joint expenses. My ex-husband and I split everything 50/50, and since he also gambled for a "living" and never tracked his earnings, I had no idea if I was paying a fair amount.

[@Temurtv.official]

love this video and also you two as a team!!

[@mcebelt]

What we ended up doing was something similar to what these two did but sorta in reverse. We calculated how much we owe each month and then added 10% to it for unexpected increases in power bills and such and then the months that we have low bills it builds up a security net. The leftover funds we use for our fun money and personal savings.

[@gabrielacarolina_]

IMO: say combine when married, there is no mine or yours. You should be living your lives together and not holding things over each other's head i.e. I paid for that, you owe me. But again, IMO

[@lorrimang]

Very romantic, but not realistic. Humans are weak, and a small trap can turn in to escalating blackmail, or a small gamble can turn in to an addiction etc etc

[@shane-o-matic]

My parents just celebrated their 50th anniversary on Feb 4th. They’ve always had one account. They don’t have a debit card. They still write checks. My dad calls the bank every morning and balances the checkbook against his ledger and they give each other a weekly “allowance.” My dad will tell you, “I don’t buy a pair of underwear without clearing it with your mom first.” Now, he is exaggerating, but his point is they have always played spades with the cards up - all trust.

[@PassiveIncomeTom]

*These are great tips for any couple since money is a leading cause of arguments and divorce.* 👍

[@thebluecottage9952]

This is exactly what my husband and I do! We’ve been together since I was 19, we had almost nothing at first so we just worked together to get things paid and it made sense to had combined finances, now that we’ve grown up and have an actual income each month we get “fun money” transferred into our separate accounts that we can spend however we like.

[@lineikatabs]

One word: Splitwise.

[@scheme90]

DUDE its so easy! Zero problems. No extra bank account. Freedom, share everything and still be independent !!

[@Phlegethon]

It’s crazy that adults need to be talked to like children

[@mrigyak]

I loved how the example animations were all inclusive 😊

[@leviscott8802]

My wife and I also got married young, right after she graduated in fact. We’ve not had a lot to work with, but we have a very similar Method to the individual envelopes, just an online budget sheet with how much we can spend.

[@EnmanuelDiaz]

My wife and I have a joint account, and we both get paid biweekly. So every Friday a deposit hits the account and it has been super good for managing money savings and not feeling stressed about money, since every week there is money in the account.

[@tasteofbeau6840]

Marriage sounds like scary business x.x, cool video though.

[@TitusRex]

Me and my wife follow the same model. Combined finances with a equal "fun money" allowance for each of us.

[@MialeeFey]

My husband and I do both. We still have our separate accounts, but we have a joint account for shared expenses. He and I are both doing a debt snowball to pay off our student loans on our own. Our plan is to have that paid off in the next few years and then join our finances a bit more. Even without completely joining everything into one account, we still see our money as a collective pool for big purchases or emergencies. I don't really think having all money in one big account is superior to having separate accounts. It's really all about the mindset about money and whether you and your partner will support each other. If you have a mindset of "mine" instead of "ours," it's going to cause problems either way. My grandparents were the only married couple I got to observe growing up and they had completely separate accounts. They taught me well.

[@cheviidevii]

I know a friend who brought this topic up to his girlfriend and now he is single. The media such as rap music tells woman to be strong independent woman by all means and love your curves even if you're obese and shortening your lifespan.

[@nikitaweaver2100]

We have a hybrid approach too. We each have a proportional percentage that's going into our joint for joint bills and savings. And then we have a percentage that stays with us for things like student loans and personal cash. It also takes out the guilt as one partner ends up having their salary increase and the others is a bit more stagnant.. That extra income is now savings or paying off any remaining loans. You can still argue over it, for instance, we argued whether we should first use a salary jump to create an even bigger savings net or aggressively pay off loans while keeping savings steady. But that's pretty small fries compared to some arguments I've seen over finances.

[@1Grizzman]

You guys are Awesome!!!!

[@Jaguar7444]

You guys are such a cute couple. I wish you much success.

[@Jaguar7444]

Any advice for my relationship if I have a six figure engineer salary but engaged to someone who's currently a student?

[@tiffanyvoss3966]

Hubby and I’s money is shared. (His income + my income) - bills = remainder. Remainder/2= my share. On my extra paycheck, it’s the same, except we don’t have his coming in sooo it’s not added.

[@ramenchuu]

I like the proportion contribution to a shared bank account thing, you have independence but contribute equal weights to your income to work towards your shared future.

[@chanmarr8118]

Lol you two are adorable. Definitely something I was thinking of trying w my guy. Thankfully, he’s responsible with money!

[@LesbianCinemaCircuit]

My parents seperated their bills and kept money seperate. When I was older, my mother warned me to dont seperate and keep things together. It had led to endless fights and can turn a couple into roommates rather than a team.

[@liawatson5789]

Depends on the couple.

[@cynthiabauer5763]

The opposite is also true.

[@lec1889]

For us, it just works better to keep things separate for the most part as most of our expenses simply aren’t joint expenses. He is very introverted and his costs and financial complexities are fairly simple. He gives me money for joint savings, exactly half of all bills, and any household expenses(groceries mostly as we have no kids). And then he can do what he wants with his remaining money. I am ambiverted with extroverted leanings, so I travel, throw parties, have gift expenses, etc where I need to keep track of things in a bunch of different spreadsheets.

[@pewpewparamedic8255]

It’s literally my dream to see you two do a collab with Dave Ramsey because both of y’all’s advice intersects so much and all three of y’all are wonderful humans! Please make it happen!

[@WOok2a]

Except these guys are much more nuanced/meticulous. Ramsey is bit of a bulldozer.

[@ZodiacEntertainment2]

@@WOok2a Ramsey and his company are unpleasant and don't treat their employees well; I definitely prefer to support this channel.

[@Jake-pi3yh]

He also doesn't believe in credit cards, which is incredibly stupid if you're good about paying it off monthly. Literally free money left on that table by not using credit cards. All of his advice is so basic it should be taught in middle school. It's really a shame we don't learn basic financial literacy in our youth

[@jagerine]

That personal allowance or fun money for each of you is key. We do that and it's important for each of you to have a little cash you can spend guilt-free.

[@angry870]

that would be a "NO"..............thanks for playing..

[@LapisGoBlue]

No because if you break up it’s going to be a mess

[@slavenrasic2204]

I am curious on how do americans percive marriage Do you just marry someone you aren't even sure you can be with forever and then just divorce them like its your girlfriend/boyfriend and not your wife/husband?

[@ricardosandoval8537]

@@slavenrasic2204 yes americans really do that it literally makes no sense

[@stayathomemarine]

In the state I live in, during a divorce all assets get split 50/50. So it really doesn't matter if it's combined during the marriage or not.

[@YTLawnGnome]

My wife and have a his and hers but also joints. We both agreed before we got married that when it comes to our personal interests and hobbies they should not have to be paid for by both of us. HOWEVER! We ALWAYS let each other know that if we are treating ourselves or over indulging a little bit and what it is that we are spending the money on. I myself am a movie collector and if there is a Blu Ray of a movie that the both of us enjoyed I show it to her and she tells me whether to use my account or our account since we will both benefit. Have we run into money problems sure but, since we both know what we are doing it is much easier to come up with a solution and not argue. We have yet to have a true blow out over money. Then again...we are two months from becoming parents so we are preparing!

[@Deletingsocialsforawhile]

Combine it! Smarter....

[@sonia2326]

My husband n I do exactly what u both do and it’s made such a difference and freedom in knowing we both have some money to spend on the things we care about

[@michaelduane636]

I love that they keep using same-sex couples in their animations. Representation matters. Huhu

[@mchagnon7]

Hell no. She's gonna disappear with it!

[@ronalddoung1098]

I do the later but more geared to personal finances. 1 for me, 1 for wife, 1 joint account that we each put 50% of paycheck money into that is specifically for bills, utilities or investments that directly affect us both.

[@refineme]

We’re in our mid 30s in upper Midwest. I make 150k/yr and she makes 80k/yr. we’ve combined, and she takes care of all family finances, spoils our kids, etc. but we make large purchases and vacation planning together. I’m a very cheap Asian dad so I spend less than $20 a week on myself. Maybe a soda, a snack, scratch lottery ticket. I get my joy from spoiling my wife and kids.

[@jllarivee60]

Also when you combine funds, if the relationship goes sour, you lose half your stuff.

[@HermanWillems]

Exactly. What if i want to invest in stocks. While she just burns the money. Then i have to give up half of my stocks.. while her money is gone? no friggin way.

[@caseysteffenhagen3639]

@@HermanWillems Sounds like you shouldn't get married to this gal.

[@oscarmano5442]

The model you suggested is really practical and reduces problems. I love it.

[@AbhinavChoudharyOfficial]

it benefits whoever earns less, so it's fun if you earn less

[@Phrancis5]

I've been with my wife for almost 20 yrs, bought a house together, and I make 2x more, yet she wants separate finances. Guess who's retiring in a tool shed...

[@lusfit6903]

Are you planning to divorce?

[@NuSpirit_]

Honestly I think that's the best approach - pool it together, have certain amount every month for each other to spend scott free and rest is shared :)

[@tp7886]

My wife and I have found the proportional earning method to work very well for us. The first and arguably largest benefit is that it got us into a habit of talking about our finances.

[@carolynb.9469]

I live with my boyfriend. Since he just moved in where I was already living, I still pay the full rent because I would be doing that anyway if we never met. He had a car, so I no longer need mine (I can walk to work). He also has student loans, and I don't, plus other family bills. So it didn't seem fair to ask him to chip in for something I'd be paying for anyway since he has more additional expenses than me. If he wants to get a bigger place, he just has to pay the extra over what I currently pay.

[@nitipriyasingh1387]

Yeah that's better. I think with boyfriend we need to be more careful coz it leaves us with no legal protection. So the way you are managing is fab. What abt the groceries and outings?

[@carolynb.9469]

Nitipriya Singh Sometimes he treats, sometimes I treat, sometimes we split 50/50. It pretty much works out evenly

[@saysomethingsmartcomeonent5233]

@@nitipriyasingh1387 lol already no legal protection. Use your head. She own the house. That already legal protection. Court systems are in your favor as women. You have advantages in the law, it asisine.

[@Cobra6Gaming]

We basically have a joint account that pays all expenses (rent/food/insurance etc.) and whatever is left over after the monthly contribution, is for each to spend as they wish.

[@MyahWorld]

My husband and I are keeping our finances separate while we pay off our pre-arrange debt (student and auto loans). We lived together before we got married so some bills would come out of his account and some would come out of mine. For example our rent comes out of mine and he sends me his half. It worked for us so we kept it this way after getting married last February. We do have one joint account that we save for Christmas and a house in. But our day to day finances are done in our separate accounts and we talk regularly about money and our financial goals 💕.

[@CybertruckNick]

I like that you talk about your financial goals regularly. I just posted a long comment and would like your feedback particularly on retirement, please sort by newest comments. Thanks.

[@jennrodriguezdaluz]

when we first got married and got new bank accounts when we moved, our banker ushered us away from a joint account. not sure how we were supposed to take that, but we've been coexisting happily with separate accounts ever since. we operate primarily one the "split the bills" scenario. my hubby has the lions share, since he has a traditional job that pays way more than me (job security) and has no debt (outside our mortgage.) i on the other hand am a freelancer with student debt. we go over our finances and share our figures but otherwise pay our shares, save for what needs to be saved for (emergencies, upcoming purchases/services, etc), and are free spend our own money as we want. i can't say this method will work for us forever (we'll be married for 9 years this year and have been living together for over 12) since we a woefully behind in doing other adulty things like investing and retirement stuff.

[@wolfrig2000]

This is great information! I don't know why I clicked on it as I've been single for ten years, but it was very informative and entertaining all the way through to the end!

[@urano4810]

Should've put wedding bands on the animated couples, it would've been a cute detail

[@Anthony-cn8ll]

We do bill parsing and discuss future purchases together. The one exception is with gifts or small purchases. I'll also let my wife buy whatever she likes on one of my credit cards so long as she covers most of the purchase. She calls it her husband discount machine.

[@purenatural5736]

Aaawwww thank you for sharing this video. Really it will solve many future problems.

[@pianomusicind]

I'm so glad I found this channel! Thank you for creating an amazing channel with great visuals and reliable information!

[@5Demona5]

My bf had a talk about this a while ago, and our solution: Have a joint bank account for the important stuff while keeping our personal accounts for extra money, or Fun Money as you guys called it.

[@concernedcitizen6577]

If she makes more money, combine. If not, separate and prenup.

[@randyozaeta1026]

If he makes more money combine, if not, separate and prenup

[@slavenrasic2204]

Why would you even get married if thats the way you think? (Both of you)

[@randyozaeta1026]

@@slavenrasic2204 exactly :) it's nonsense