Hi there, Mrs. 1500 today.
Last week, I asked you if you combined finances with your spouse/partner, or if you kept them separate.
I have my own thoughts on this subject, but I’ve been feeling super-judgy lately, and was really really glad I asked this question. Mrs. Picky Pincher summed up my feelings after reading your responses pretty well,
…But now I understand that all couples work differently. Different strokes for different folks; some people prefer the security of separate accounts. …
I was able to see the other side of the fence from the conversation between The Mad Fientist and his wife in their recent podcast where he interviewed her. She makes a lot of money, and enjoys spending a lot of money – at least in the beginning.
She now sees the power of being Financially Independent, and while she still loves her job and loves to work, she also loves being on vacation, and FI allows her to do that when she chooses, and for how long she pleases.
Holy Cow did you all have something to say about this question. I don’t think we’ve ever had a more popular Ask The Readers Question!
And it didn’t seem weighted toward one side or the other, you are about 50/50 for sharing or not.
Some of you do it because of independent personalities or because you had been living on your own for a long time.
Mrs. S from Royally Frugal:
When we got married we started with separate finances. I have strong fear of not having my own money. Before getting married I was quite independent and we always split every single expense in half. As married life progressed … almost all of our investment is in a single shared account….
I wonder where this strong fear of not having her own money stems from? Did she see a loved one struggle? My best friend in 8th grade’s father left her mother, and it wasn’t financially pretty.