Relationships and Money

Most people look at me like I’m INSANE when I tell them that I bought a house with my boyfriend, let alone that we have joint finances. It works for us, and we’ve actually never had a single problem. We’ve been together almost 6 years and have lived together for almost 5, so we’ve been doing this for some time.

However, I do get nervous when my friends talk about doing the same thing with their significant other. This is because even though it worked for us (and my friends always like to use us as an example, which I hate because it makes me nervous), I know it doesn’t work for everyone.

Every relationship is different (just like people!) and more people need to realize this. Just because one thing works for one couple, doesn’t mean it’s going to work for everyone.

I do most of the financial related things in our relationship: I make sure bills are paid on time and I keep track of everything. I think it’s easier this way so that no one is cross-doing things that the other has already done. And I’m better with financial related tasks (I’m in the financial services industry) than he is.

I hope I don’t offend anyone with the things I list below, but these are just things that wouldn’t work in our relationship. However, I do understand that different things work for different people.  Have any of these worked for you in the end anyways? I also realize that some of these situations might work if the finances aren’t joint as well.
We don’t keep secret money

In some relationships, one of the spouses might be taking money and hiding it from the other. They might be doing this as a backup just in case the relationship doesn’t work out or because the other person in the relationship might not be good with money. Or someone might be lying about their salary and saying it’s smaller, so that they can funnel the different to their own personal account.

I do know of people who do this because their significant other is horrible with money, and by telling the other person that they have less money every month, he/she then spends less. So this is actually benefiting their relationship – and this is how this might work for different couples. I don’t know how sustainable that is though because eventually the other person should be more aware of the financial situation. My bf is definitely guilty of lifestyle inflation and I try to talk to him about our finances as much as possible so that he understands. I try to make everything with our finances extremely open. He knows everything (I like to pretend that he listens to everything at least).

Talk about financial goals

This is something that we didn’t talk about a whole ton, but in the end we both have similar financial goals. We have talked extensively about it now though. We know where the other is heading and what we want to do a year from now, 5 years from now and so on. I think this is healthy because it clues you in more about the other in the relationship.

 

Knowing the other’s financials

I think that in every relationship, all financials should be known. No one should be hiding $100,000 worth of credit card debt and so on. This isn’t healthy especially if you plan on getting married, buying a house, having kids and so on.

 

Different ways for different people

I’m at that age where a lot of my friends are starting to move out. They all have different financial situations. One of my friends is supported by her bf while she goes to school, one of my friends is moving about 2 hours away for a job and her bf is following, and my other friend’s bf is begging her to get a house with him. Me and these three girls are all very good friends and are pretty open about everything. All of my friends are pretty good with their finances and all only have a little bit of student loans.

Friend #1 who is supported almost entirely by her bf. They have a GREAT relationship, they are completely open about everything. They are kind of similar to us and our relationship. They moved out young and are now looking for a house and have been together for 5 years.

Friend #2 who is moving and her bf is following. They have never lived on their own nor had any of their own bills. But they are looking for a house together. They also know nothing about each other’s financial situation. However, I am sure that they will be financially fine, but it might take a little work. I don’t want to judge because I know people are judgmental in my situation. Different things work for different people!

Friend #3 who wants to live at home until she is financially stable. He’s always asking her to live with him, and she has said no plenty of times. She wants to finish school and actually have money. She doesn’t make much money, but she is very smart with the money she does make.

 

Obviously just with these three different financial situations just among some of my good friends, you can tell that different relationships handle finances differently. I’m not judging any of them, we made our fair share of mistakes when we started out and I think that’s the best way to learn. And as you can tell, I’m definitely one for openness in a relationship – I think everything should be known.

What is your financial situation in your relationship?
What are some tips or things you wouldn’t do in your relationship?

Oh Valentine’s Day

I’m so glad that it’s Friday. What are your plans for the weekend? This post is Valentine’s Day related. As some of you know, I’m not a huge Valentine’s Day fan. I just don’t see what’s so special about it, mainly because the BF is always nice to me and I like to get surprises all the time (I’m joking, kind of...), and also Valentine’s Day has just never excited me. I don’t know why.

Yes I love chocolate, wine, romantic things, etc, but I just don’t know. Hopefully I don’t offend anyone! I know I’m one of the only ones who think this way because my friends always tell me that I’m crazy and weird for this. Anyways, I do like going out to a nice dinner and getting dressed up.

Confession for you all: I have never really gotten the BF anything for Valentine’s Day. Usually I’ll just have him pick something out and that’s it. After being made fun of by my friends so much for not being romantic, I’m thinking that this year I should do something special for him. Usually we just go out for a nice dinner and he gets me something. I want to change that this year!

Anyone have any gift ideas?

I’m thinking I’ll make some chocolate covered strawberries and just get him an REI gift card. Yes I know, not romantic, but this is truly what he would want. Maybe I’ll find something on Pinterest to make as well.  I want to do something else as well, but I don’t know what. Maybe I’ll attempt making some cupcakes also.

I’ve also been seeing lots of tasty Valentine’s dinner ideas.  So who wants to come over and cook all of this for us?

Avocado and Strawberries

Filet Mignon
Deep Chocolate Pudding

I also found a cute little link-up at From Mrs. to Mama and I noticed a lot of people are doing this also. I thought it was cute and it would help everyone see a little peak into my life! I didn’t answer all of the questions (because I didn’t want this post to be ridiculously long), but here’s some!

  1. How long have you and your significant other been together? We’ve been together for almost 6 years! Not as long as some, but a super long time for us. Some of you are probably wondering why we’re not married. We are more focused on paying down debt, finishing school and everything else before we get married. We have talked about it though, and of course we want to get married. I’m just not too worried about it.
  2. How did you meet? {What’s your “love” story?} Nothing too special here. We both grew up in the same city within 2-3 miles from each other, so it was bound that we would run into each other.
  3. Name 3 things you love most about your honey.  I love so many things about him. He’s extremely caring and has always been there for me. He was there during everything that happened with my dad and is there with me for all of the problems with my mom right now.  He’s always patient too. I am very forgetful and I’m happy that he doesn’t hate me for forgetting everything. He takes care of me. I’m messy and I tend to get sick a lot, and he’s always taking care of me.
  4. Is he a flowers and teddy bear kind of guy for v-day, or strawberries, champagne, and rose petalsHmmm he is definitely strawberries, champagne and rose petals. Maybe just because he knows that I love food and a good drink.
  5. Are you a sunset dinner on the beach kind of girl, or pop a movie in and relax on the couch? Sunset dinner on the beach please. I will do anything if it involves the beach. Literally anything, not even joking. 
  6. Tell us one thing you’d like to do with your significant one day. If you could do anything? Go anywhere?  I want to continue traveling everywhere with him! Skydiving, scuba diving and everything else. I would love to retire young with him and just travel forever.
  7. Tell us what you plan on doing on this Valentine’s Day. Well I have work and then class until 10pm, so I will be doing nothing on actual Valentine’s Day. But we will most likely go out to eat one of these days.

What are your plans for Valentine’s Day? What are you getting your significant other? What are some frugal date ideas?