Your Money and Your Partner
If you have a partner in your life—a spouse, someone you live with as a committed couple, anyone who affects or is affected by your financial decisions—please do everything you can to make sure that both of you stand on equal footing when it comes to money. By “equal footing”, I don’t mean that you have to both work and earn the same amount of money in your paychecks. Equal footing is when you both know everything about your individual and joint financial situations and you make decisions for the present and the future together. It is not when one of you earns the pay and the other receives an allowance determined by them because “it’s my money and I will decide what you need”. It is when all household income is pooled and it goes from being mine or yours to become simply ours. [Read more →]