Advice please? What to do?

markyyyyyy

Hi,

I currently have an account with £7k savings, and my girlfriend has £0 savings.

We are in the process of making a concerted effort to save for a house deposit. She asked if she could transfer a small amount each month so we save together.

I am getting a bit 'defensive' of my 7k savings.

What would you do in this situation?

I just said we should save in our separate account for now ... after all, we are not married, have no kids, etc.

Advice please?

Mark

McKneff

Seperate, every time.

Do you ever watch Judge Judy lol

Stick to your guns, she's got her eye on yur £7k lol

cattie

Agree with McKneff, best to save separate really. Another alternative would be to open a brand new joint account that you both start depositing an agreed equal amount each month, but I think if I was with somebody with nil savings compared to my healthy savings effort, I'd be inclined to want to keep my savings completely separate.

greenface

Am i a little old school here but being defensive about any amount of savings put towards a deposit for a house together shows a gap in commitment to being in a housing relationship (which poss has more paperwork than a marriage.) I think its me TBH maybe as i have been with Mrs Greenface since school(both16) and never had enough for bus fare home from hers most nights. We are share what we have people

McKneff

greenface wrote: »

Am i a little old school here but being defensive about any amount of savings put towards a deposit for a house together shows a gap in commitment to being in a housing relationship (which poss has more paperwork than a marriage.) I think its me TBH maybe as i have been with Mrs Greenface since school(both16) and never had enough for bus fare home from hers most nights. We are share what we have people

I agree with you 99% but in a comparatively new relationship (nowadays) its a bit different.

My OH and i have been married 44 years and our finances have never been separate apart from the ISAs we have now. Everything was in a current account then moved to savings after things were paid out no matter who was earning what.

The OP may want to buy a car, engagement ring etc.

But relationships now even at the marriage stage are so precarious, can yu imagine the difference in the divorce rate in say 1965 to what it is in 2.12.

And congratulations by the way, we are few and far between

Archergirl

I would either do seperate accounts or start a new joint one where you each put the same amount in each month and need both signutures to withdraw.
We have joint everything and it's fine but we have been married a long time, even so you hear enough horror stories when things go wrong.
Keep your 7k seperate.
If she complains show her this thread.......