Should You Combine Finances?

[@asdfqwertA]

Name a better power couple. I'll wait

[@DannyLuu]

Bill and Melinda Gates!

[@urmemlel8721]

@KFC Manager 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.

[@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.

[@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

[@Sijray21]

My wife and I are far from traditional, but we've discussed money early in our relationship. She brought in student loans, where I had none. I knew that going in and agreed to tackle that together. We paid off her student loans together and are debt free aside from our mortgage. The way we share finances is we keep a certain amount of each paycheck to a personal account ($150/paycheck since we're paid on the same schedule) and the rest goes into a joint account to pay for the budget we've agreed on. I primarily do the finances and report back to my wife on the monthly reports (essentially). I don't question what she buys with her personal money and she doesn't question my personal expenses. We discuss larger joint purchases and how it will affect both of us (cars, trips, etc.). We also have a dedicated travel fund.

[@Erika2]

Jason R This is awesome! ☺️

[@xavierblauvelt7595]

Same!

[@insertname5421]

it is always the men who abide for this stuff...

[@Sijray21]

@jsjk we started out as a percentage of what we made, but I made a lot more than my wife amd i thought it was a bit unfair. We switched to a fixed amount each after the birth of our daughter since our joint expenses supporting her would be significantly more than before her appearance. The amount we agreed upon was after we finalized the budget and then split evenly.

[@perotal]

Your wife's future husband will send you a thank you note for cleaning up her student loan mess :)

[@sminthian]

Moral of the story: Write it down and have an organized plan, don't just argue about it every month.

[@maamedansowaa1520]

👍👍

[@armandonava03]

It looks like they have argued a lot 😂

[@Doors067]

@@armandonava03 nah mustache like that means hes okay that she needs to get it with other men

[@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.

[@nelsond5361]

I always think of 4 accounts: two joint accounts- one for savings and the other for Bills and expenses. Two personal accounts-one for me and the other for her.

[@joemann7971]

I think that's what the were referring to. The two separate accounts is their "fun money".

[@izzygoboom12]

Yes! That's the best way. Also if one person gets scammed or the victim of identity theft it's helpful to not have lost all the money and still have a way to pay for things.

[@LuisCamacho-ud7vz]

Thats what my partner and I do. She has has her own personal and so do I, then we have our joint spending account, bills, fun, and house hold stuff, and our joint savings account. we each contribute proportional amounts of our income. the remainder is for us to pay our own personal bills like our student loans/ and car payments. so far so good.

[@nelsond5361]

@@LuisCamacho-ud7vz that's so sweet. Am envious 🙈

[@AbhinavChoudharyOfficial]

I think of 2 accounts: one is mine and other is hers. We spend and transfer the balance to whoever's account at the end of the month. I do whatever I want to do with my money including fun times

[@huskiefan06]

Married couples should combine finances, but only after making a joint budget that both agree on. Non married couples should never combine finances because the person has no legal right to the other person's stuff. Also, NEVER buy a home or car with someone else on the loan or title if you're not married to them.

[@joemann7971]

I think the exception would be is they are planning to get married. My sister in law and her fiancee bought a house together. Technically not married (yet) but they are planning to get married. I think thats still OK. I think if they have no intentions to get married, no reason to combine anything.

[@huskiefan06]

@@joemann7971 Unless there's a wedding ring on that finger, in my experience it's a terrible idea.

[@edwardbarraza4848]

@@joemann7971 no exceptions, what this man said is some good advice

[@joemann7971]

@@edwardbarraza4848 You're probably right, but I think there could be reasons for people not getting married. I think in my sister in laws cause, she was going through school and they didnt want his income to affect her financial aid. Plus,. they've alao been together for a long time. And personally, a couple that has been together for 8+ years combining finances makes more sense IMO, than a married couple that have been together for a year or two. It's not long enough to really know anyone at that point.

[@edwardbarraza4848]

@@joemann7971 8 years is a long time to be dating. When your married your more serious about a the relationship (well your suppose to be lol). If your married you should combine incomes thats could be a major problem, if not treat the other person like a roommate that's just my opinion though.

[@br0k3n853]

I feel like the causation between couples combining money and staying together might go the other way around too. Like couples who had healthier relationships are more likely to combine their resources?

[@itsgonnabeokai]

Or people are less likely to break up if splitting property is too hard

[@braconion]

@@itsgonnabeokai Nah that doesnt make the relationship healty at all.

[@itsgonnabeokai]

I didn't say it does, but makes it longer for sure

[@EmCitynWaterCo]

People who live together before getting married are more likely to settle by "sliding" into marriage out of convenience with a partner they otherwise considered unsuitable.

[@elphabarichardson607]

People in healthy relationships really should not completely combine all their resources. They should have serious discussions about their finances. My first marriage was unhealthy and turned abusive. The fact that we had combined our finances gave him complete control over our money and, therefore, my ability to get away with our children. I made just as much as he did, but he ended up taking it all and making us lose our house because of his spending. My current husband and I have a great relationship. I trust him completely, but we have three accounts: Ours, his, and mine. Healthy conversations have helped us avoid arguments about finances.

[@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.

[@Cameroner1]

We didn't have any problems sharing finances until we bought a house a couple of months ago. Now we're definitely going to try the envelope system you mentioned. Grill here we come

[@juniorgod321]

Cam Rodriguez but what if she gets tired of you, files for divorce and take you to the cleaners?

[@alphaweeb5195]

@@juniorgod321 pfft noob just pee on her to show dominance

[@ElAndresRodriguez]

@@alphaweeb5195 big brain

[@barvdw]

To be fair, it's about the same level as the post he was answering, it might even be said in jest. It's the kind of humour I like and would love to be able to come up with on the spot, but rarely do.

[@hurbig]

My mother payed for my father’s engineering degree, so that was a pretty good investment of her :P

[@richster.5]

Paid*

[@Austin-tf5zt]

@@richster.5 stop correcting people, but you got the point

[@minimars3696]

@@maxdom1706 Me too🤝

[@coffeesnob3778]

Mum paid for Dad medical degree, they were married for 15 years. He left her, took everything he could and found a 20 y/o younger woman, 🤦🏻‍♀️. He died 5 years later, legally never divorced mum. The girlfriend (and her mother) didn't get a thing and boy did they try. I'm getting married next year. Separate finances, but budget together.

[@blackbutterfly233ify]

@@Austin-tf5zt correcting people are sometimes needed

[@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.

[@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

[@ryanproven]

Am I the only one that didn't know they were married!? I've been watching these videos for over a year and always thought they were just hosting together.

[@TwoCentsPBS]

Lolz. Welcome.

[@nataliefontane]

Didn't you see the video with their baby?

[@ryanproven]

Natalie Fontane I guess not! I’ll have to watch it now lol.

[@veritaskairos9466]

@@ryanproven I didnt know either lol

[@mclilzenthepoet2331]

@@nataliefontane wait what

[@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)

[@benjaminelsbury683]

Short answer is no keep assets and liabilities separate. The why is a long list of pros

[@oldgoat1890]

NO, HELL NO! I was married and knew my wife could not handle money. We got divorced after she ran off, but she could not get into my bank accounts. It saved me.

[@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.

[@chrisgreen359]

The wife and I have everything in a joint account with each getting a weekly allowance for our own spending. It really does allow us to do our own things without affecting the other. We've been budgeting this way for nearly 9 years now. We have gotten out of student loan debt ~$80k combined and nearly completely out of debt ~12 months away.

[@o0Avalon0o]

Hi! How did you decide on the amount for a weekly allowance? As in, do you just put in 100 bucks or a specific percentage of your total income?

[@chrisgreen359]

I don't remember that process. It's a fixed number per week. Our thought was that we are in the marriage and operating as a group. So a fixed number gives each person the same amount every week/year. Our concern with a percentage is that if there is a large difference in each person's income, than the lower income earner is being punished for not being as successful.

[@o0Avalon0o]

@@chrisgreen359 I see what you mean, that makes a lot of sense. Thank you for sharing your experience.

[@TallowQueen]

How old are y'all?

[@chrisgreen359]

@@TallowQueen I'm mid-30's and the wife is a few years younger. We met in grad school since we got our undergrad degree during the recession and had limited job opportunities.

[@anumkhan8342]

thank you for making your channel so easy to understand, and entertaining. I just sent this to a bunch of my friends and partner. I am a teller, and sometimes people use this question at a bank a lot!

[@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!

[@Erika2]

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

[@lalaland8112]

My husband recommended me your video, and I was hooked. In fact now I know where most of his knowledge come from. You give amazing information, that is concise, relevant, so well formulated and presented. We have significantly cut down on eating out , which anyway we felt out of habit not really so much fun. Thank you so much!

[@qwerty_and_azerty]

Thank you for this! I’ve been wondering what the best solution to this problem is, and your approach of a large shared pool with split “fun money” is right up my alley!

[@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

[@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.

[@FindingMyself90]

why did she go crazy paying bills?

[@Bobalicious]

@@FindingMyself90 Previous boyfriend not paying them at all.

[@FindingMyself90]

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

[@RichardAllen7753]

They got me with the replay/guitar riff

[@RemcoAlexanderPhD]

We have it split 50/50: my wife earns the money, and I spend it!

[@ErrorPagenotFound-ig1cy]

Remco S guess we know who runs your castle

[@haltsmaul.]

Perfectly balanced, as all things should be!

[@GemPhoenix]

My wife calls our financial relationship a workshop... I work...

[@LuisCamacho-ud7vz]

@@GemPhoenix lmao, I am sorry. hahaha

[@vasyak9264]

@@GemPhoenix :)))

[@ahale1987]

When my wife and I started budgeting, I felt resentment, being the spender in the relationship. The BEST thing we did with our monies, aside from saving as much as we can (the result of a big attitude shift), was including equally-funded allowance catagories. Now we can save like crazy and I can fund my hobbies without having every purchase "approved" by my better half.

[@Swordsman52]

"But I don't want Aunt Mildred's antique tea set!"

[@da14a49]

How could you...

[@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.

[@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.

[@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?

[@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.

[@kyle1847]

Call me old fashioned, but why would you marry someone you can't even share finances with? If I can't trust you with my money, then I can't trust you with the rest of my life.

[@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

[@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.

[@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

[@lodabanana3266]

We use named bank accounts instead of envelopes, that way we don’t have to use cash. We have accounts for: Groceries Car maintenance Vacation Home maintenance Property taxes Kids Stuff Gifts/Holidays Household Bills Wife Spending $ Husband Spending $ Savings/Investments (this is a registered investment account) When we get paid we move all of the money from our checking account into the various (named) bank accounts. Whatever is left over we divide 50/50 between savings and vacation. When we buy anything we put it on visa and immediately (like in the parking lot of the store) move the $ from the right account into checking and pay it as a bill payment using online banking on our phones. That way we have balances for each account in real time, and we never owe anything on our credit card. If we don’t have $ in a category we stop spending or move money around if we have extra (ie extra grocery $ might be used to pay for gas). We know ahead how much goes in each account and what our bills are for that pay period, and we periodically review how much were spending in each category and if we’re happy with that. We’ve been married 3 years and it works great for us! Our own spending $ (we each get $100 per week) is ours to do whatever we like with, no questions asked. Otherwise we discuss everything.

[@barvdw]

So your paycheck is deposited in your joint account, and split to your respective 'fun' accounts, or arrives on your individual accounts and gets transferred to you joint account?

[@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.

[@InvestingEducation]

I would keep a separate acct too

[@ankitg6454]

What a eunuch

[@AmanSingh0699]

@@ankitg6454 Bhai *an aaega.

[@brittanyramsey2465]

I just love how informative and research-heavy your videos are! Great job!

[@mrmysterycake]

I've always had my name on everything since my wife and I got married only because I'm the sole bread winner of the family. We even have a house together and growing family, but it's all in my name because it's easier for the paperwork when you go solo. Again, that's only because I'm the sole bread winner. She's never brought a dime to our marriage after five years, but her time is worth every penny.

[@mashedtomato2079]

That last sentence, Awww!

[@julissadc6303]

That last sentence, so sweet

[@KS-cl8br]

If her time is worth every penny, why is the house in your name Only?

[@t-squared6406]

@@KS-cl8br he said it,easier to go through one person instead of 2!

[@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.

[@PiXimperfect]

Love you guys!

[@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 :)

[@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.

[@dant.3505]

When we married, we combined our money in one checking account. My wife accepted the responsibility of paying the bills and saving what we could. Both her and myself would deposit our paychecks in the account because it wasn't our own money, it was our little family's money. We will celebrate our 30th this year and I still thank the lord we found each other. 🙂

[@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.

[@adelinagrecu496]

I know a couple. She moved with him, he told her that the place was rented, so she paid half of rent. After a year she discovered that he was the owner of the house, so she paid rent to him.

[@thedarkside3178]

😂😂😂 Damn he did her dirty.

[@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

[@seangabel5824]

All throughout my first marriage, my wife loved to say I was being abusive about the finances. All because I didn't think she needed to replace her 2004 Honda with a brand new 2007 Lexus. We made a combined income of 48,000 a year at the time and I was driving a 1987 Cadillac DeVille. Now we're divorced and I heard from her brother (who's been a close friend since 3rd grade) she's in deep debt on her credit card and her car payment. Meanwhile I still drive the 87 Cadillac

[@IDontWantThisStupidHandle]

The only time I have ever opened a joint-checking account, it was with an emotionally abusive ex-boyfriend who threatened to kill himself if I didn't stay with him (amongst other manipulative traits). I was the only one working for months, so when he finally got job, we opened the account and I put up the inital deposit ($2,000 to cover the next few months of bills while waiting for his paycheck). He cleared me out and left the next day. Since we weren't married, and the account was in his name as well, there was nothing I could do. I HIGHLY advise against openening a joint checking account with anyone before you two are married. Now, I'm married to a wonderful man, but we just split all the bills 50-50 and e-transfer each other our halves of whatever needs to be paid. We've opened a joint-savings to eventually buy a house; but aside from that, we keep the rest of our income in separate accounts (unless one of us needs help one month). We go over our bills together every month to make sure it's fair, and we file our taxes together; but aside from that -- he's free to spend his money how he chooses, and so am I. I think the mixed approach works best, like you said!

[@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.

[@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

[@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

[@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.

[@Temurtv.official]

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

[@CybertruckNick]

100% Agree. We did a hybrid approach like yours 20 years ago. Joint savings for all our share expense, house, children retirement, etc. And separate checking account where we both get the same amount of allowance/fun money. Most other finance gurus such as Suze Orman and Kevin O'Leary recommend the separate but proportional approach which is not practical and here's why. Suppose the higher earner (2:1) contributes twice as much into their combined 30 years mortgage and utility bills. Theoretically the higher earner (H.E.) also able to contributes twice as much into their own 401k and IRA and through compounding achieved FIRE in 20 years. Right or wrong, H.E. retires before the lower earner (L.E.). What kind of marriage or union would that be while one enjoying life and watch the other one work and can't retire together? And now that H.E. retire and has no to low income compare to the original L.E., does L.E. now have to pay for the higher proportion of their mortgage and therefore further delaying L.E.'s retirement? Even if they somehow retire at the same time and suppose the HE has 1 million in their retirement account while the LE only has 500k, does that mean HE can have steak dinner while LE can only afford burgers? With this mentality, it is no wonder there's a higher divorce rate for those who insist on keeping separate accounts. If you're fully committed to marriage, you shouldn't let finance get in the way. Having separate accounts and calculating to the pennies is equivalent to having the emergency exit for your marriage. While you hope not to use it, its an easy escape when you need it and therefore less likely to work things out. That's my 2 cents. :-)

[@tanayaclark5634]

This early and not even notification squad #KZbinIsMyLife

[@StephonBroughton]

We use the bill parsing method right now. Not married but live together, we split rent, I buy groceries, internet, and small misc household items, she pays utilities and half of rent. Works out about the same. Some months I pay more (summer) and others she pays more (winter b/c utilities increase). Overall it works out.

[@no.7711]

Your channel has been incredibly helpful as I've been paying off my stupid college debt and learning how to adult. Finances should be taught in high school.

[@astralm8072]

People say that, but who's gonna teach it in school? Teachers who are living above their means, drowning in debt, who don't have a good handle of finances themselves?

[@osmosisjones4912]

Feminist says the house work. cooking and cleaning should be considered a job but should shouldn't it be considered Rent

[@TwoCentsPBS]

Amen. Glad we're helping in some small way!

[@nitipriyasingh1387]

Why do you guys always have so much college debt? I have hardly seen anyone in my country (India) with debt only MBA(or other PhD students) people have debt.

[@no.7711]

@@nitipriyasingh1387 excessive elective requirements from universities, and living on campus is very expensive. People in our culture rarely save up for a college fund anymore, because we'd rather spend what we make. I was also poor and forced to drop out of highschool, so getting into college was impossible without loans. Grants weren't available to me.

[@Snowshowslow]

We have something similar to your own solution: we pool everything, except for a quite generous 'personal budget' that is equally large for each of us, inheritances and personal debts. That last one was just my student loan debt, which I paid off with my personal budget. That just made us both feel better about it :-) And we have used inherited money to buy our apartment, we have just also kept track how much of it is one partner's personal share and the rest is shared. I really like this approach, although I have to say the downside is having to recalculate every time one of us gets a raise. But that is a small price to pay and also a happy form of recalculation.

[@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!

[@louiseollano8991]

Both my husband and I grew up with parents fighting about money all the time; neither ended well and both sets gave us their own advice. We decided to do the opposite and join everything 100% to be absolutely transparent. I wish I had asked about his debt prior to marrying him (he had $6k in cc debt that we had to take care of first) but we worked it out. It took us awhile to figure out an organizational system that works for both of us but we did and still work at it regularly. We are not penny pinchers but we know where our money goes more or less and have access to each others accounts. We try to have bimonthly financial check ins to look at all of our accounts and pay off what we used in credit; we also try to have quarterly (usually semiannually) power budget meetings were we look at our financial status over the last few months. It has been super helpful to do this and we are always learning ways to improve. Love couples and advice like this to help me build a better life.

[@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

[@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 🤩

[@Kdogg1030]

The acknowledgment of diversity of the animated couples was a great reflection of the real world, thank you. Subbed.

[@biancaolivares1793]

We do the same as y'all! Individual fun money and shared finances. Loved hearing more about this topic!

[@dixu4949]

Well, for the reasons to share finances, they are not very compelling as they could all be done by proper communication and coming to agreements about big items. For instance in the case of buying a home, as long as we are both in agreement to pitch in 50% of the down payment, we can still keep separate accounts and figure out on our own how we are going to meet that goal. Same goes for retirement. An agreement needs to be worked out as to what we are shooting for, but after that it's far easier to optimize your own life to meet that goal, rather than combined accounts that make accountability harder.

[@AS-kf1ol]

Totally agree. At least this is what works for my husband and I!

[@heinzkitzvelvet]

I get paid a live check every week, she has direct deposit. She has a bank account, I do not. So we split the utes and mortgage down the middle. I give her cash for my half, she pays the bills out of her account, online or by phone. We work opposite shifts, so when she buys groceries, she puts the receipt on the fridge and I give her back 50% in cash. It's working wonderfully so far. We've both had bad experiences with joint accounts in past relationships, so we are rather militant about keeping our accounts separate.

[@SadSeraphim88]

Good advice! Definitely worth passing onto people diving Into deeper relationships! Thanks for the great videos!

[@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!

[@MisfitToy-ye6kg]

Totally agree still trying to figure out HOW to budget jointly.

[@mrigyak]

I loved how the example animations were all inclusive 😊

[@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 !

[@PassiveIncomeTom]

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

[@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

[@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.

[@alexeamc7]

buen video y buena informacion...gracias 2 centavos

[@th3aft3rlif3]

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.

[@th3aft3rlif3]

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.

[@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

[@Shura3]

Doing the "proportional earnings approach" with my husband. It's working great :) I would get so frustrated with his spending habits, if we had a shared account. But the reason I'm writing is to say thank you for including LGBT+ and people of color in your animations. Please continue :)

[@pianomusicind]

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

[@lineikatabs]

One word: Splitwise.

[@scheme90]

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

[@2486trixie]

NEVER COMBINE FINANCES

[@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

[@Pk4ene]

I'm glad you guys looked at it from both points. My husband and I keep our finances separate and people always tell us that's a bad sign. It's what works for us and keeps us from getting into disagreements about how we choose to spend our "fun" money.

[@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.

[@1Grizzman]

You guys are Awesome!!!!

[@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

[@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

[@vincentfox4929]

In the end, it all comes down to trust.

[@yarivital7694]

Thank you Two cents! Love your videos so much! 💓

[@MrRoombastic]

3:26 cant the 2 just work together without combining their finances to get these same effects?

[@hamtaru]

my guess would be that when you share your finances you are forced to communicate about them. when you don't, you just have no reason to talk about money which can lead to problems

[@joemann7971]

If you communicate, it might be possible but say, you have $10,000 in your account, and say, your spouse needs access to this money, in case something happened to you. Legally, you're married, that money is also hers, but, in case of an emergency, she may not have access to it. If you keep the bulk of your savings in a joint account, and have some money to yourself, I think thats fair. That's sort of like the "fun money"they were talking about. Its important to be open about finances. It builds trust, and makes tackling life much easier.

[@MrRoombastic]

@@joemann7971 oof, I'd rather not get married if my spouse gets automatic rights to my money

[@joemann7971]

@@MrRoombastic then don't get married. lol. Or have her sign a prenup.

[@MrRoombastic]

@@joemann7971 yeah, I've seen to many guys lose their livelihoods over women who only married for mpney

[@BernardBanteKasibante]

You guys are a joy and wisdom to learn from. Thanks

[@ChuckleHoneybear]

"than ANY other previous generations" Neanderthals: am I a joke to you?

[@selohcin]

LAAAAME

[@ChuckleHoneybear]

@@selohcin thank you very much

[@well.yousee4995]

I don't usually like yalls videos, not gonna lie, but I REALLY love this video... it helped me 1000%.