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My savings ..our or my money?!
Comments
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squirrelchops wrote: »Just a question but do some people feel that very single penny should be available to either party to use?
Not worded that very well - what I mean is do you and your OH know exactly what money you have and is it agreed you pool this money?
We do. I understand that might not work for everyone of course. But if you're married or in a committed long term relationship and one person insists on ring-fencing a portion of their own money for their exclusive use and the other person is struggling to cover the bare bones of a modest budget well, there's something not quite right. Or if there isn't enough money to cover the needs of the family because one person insists on making a lot of unnecessary purchases? On the other hand if there's excess money in the system I don't think it would be right for one partner to say to the other..."See that £2000 you saved last year by walking to work and not spending all your agreed personal money? I know you were thinking of buying a bike with it but I spent it on a diamond ring for me because all money is mutual". There is a middle ground!Val.0 -
trevorsminted wrote: »so does that mean she is entitled to one of his kids from his first marriage then if its 50/50. What someone had prior to 'marrying' is theirs and if he had other commitments to spend his money on the OP is quite right her money is hers, she has to put her daughter first, although she must be aware he has other children to support also!
The law disagrees with you on the bolded.
If you want to keep your money completely to yourself forever, don't get married! Its not for everybody.0 -
Yes person_one i agree thats a whole different matter, personally she married knowing he had another family before so there would always be a compromise hence the reason i think she has held back what savings she had prior to the marriage.0
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squirrelchops wrote: »Just a question but do some people feel that very single penny should be available to either party to use?
Not worded that very well - what I mean is do you and your OH know exactly what money you have and is it agreed you pool this money?
I haven't a clue what my h2b has in the bank, I could take a guess and double it but I honestly haven't got any idea.Forty and fabulous, well that's what my cards say....0 -
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Person_one wrote: »Do you not think its important to know stuff like that in order to plan for the future, together?
For what kind of things? Holidays are taken care of and we each own a house so won't be moving/selling.
I can't see how my life would change by knowing.Forty and fabulous, well that's what my cards say....0 -
For what kind of things? Holidays are taken care of and we each own a house so won't be moving/selling.
I can't see how my life would change by knowing.
Writing wills? Planning for a sudden change of circumstances? Possible children? Big buys like cars? Retirement and pension plans?
If you ever have to claim benefits (and don't assume you never will!) then you'd have to declare household income.0 -
Person_one wrote: »Writing wills? Planning for a sudden change of circumstances? Possible children? Big buys like cars? Retirement and pension plans?
If you ever have to claim benefits (and don't assume you never will!) then you'd have to declare household income.
No future children.
He once bought a car but I didn't know how much it cost, and I bought my car too without him, I'm not sure what I would have done differently if I knew what £££££ he had.
Retirement etc, both have plans in place.
If we ever have to declare income we'd fill out the forms, its just never been a question I've asked.Forty and fabulous, well that's what my cards say....0
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