I was thinking that before I have children I’m more likely to try to put away as much money as I can to prepare for the future. But I’d feel nervous if my significant other doesn’t save any money and suddenly decides to leave me.
Like if I put away even $416 a month away in 5 years I might have $25k in savings in case I need a new car. Or hopefully I’d be able to put away more depending on the circumstances.
So, maybe I would discuss an official legally binding prenuptial agreement with someone if they want to get married.
That allows us to keep funds in our bank accounts in an event of a divorce. (Probably best to tell the bank not to send us letters with our account numbers) Like I won’t refuse to pay for anything and flood my savings account. That’s not the right reason to marry someone.
Also I might offer the option of choosing a benificer to his half of the house if he is nervous about it. I’d do likewise. Unless it’s weird. It’s an actual thing lol, but heirs can’t force the sale of a home.
I know marriages are built on trust but I’d feel more productive and less nervous if I can reap what I sow. Maybe marriage is a lot different then I think. I’ve never been married lol
5 comments
Yes. Separate bank accounts are vital. Half of divorces are a result of fighting over money.
You absolutely should have your own cushion because if your spouse decides to cheat, beat you up Or divorce you, you can escape. I insisted on this when I got married because of what my dad did to my mom. We split everything 50/50, and each of us have our own stash to buy the things we want and not burden the other partner. It’s only been 10 years for us, but we have NEVER fought about money
Why not just have savings together? I don’t think you should have children with someone if there’s a realistic possibility they won’t contribute. As far as the house there are a few different types of ownership, tenants in common, where you’d each own half essentially and could leave that ownership to beneficiaries of your choice with a will; versus joint tenancy or tenancy by the entirety where you jointly own the house. There are some other legal complications to consider with that,and generally joint tenants/tenants by the entirety is preferred for married couples. Of course, one of you could also just own the house by yourself (assuming you qualify to finance it) if that’s your preferred solution.
In my current relationship, probably not. We earn everything together and save everything together.
But in an alternate universe where I met a new partner as an adult I would be open to a prenup for sure.
Yes of course. But, depending on the country, if you save up while already married, the prenup agreement might be invalid because it’s overruled by law. So, check out how this works in your country.
We have that. Money in our personal savings accounts stays with us.