Quitting jobs
Everyone has a job they don’t like and whenever someone complains about the job that they do, there’s always are going to be handfuls of people saying “QUIT UR JOB!” not really caring about whether it’ll benefit the complainer or not.
Quitting a job cold is one of the dumbest things you can do when you do not have any safety nets. No savings. No jobs lined up. Nothing planned. You are putting yourself back to a place of uncertainty and it’s not pleasant when that countdown starts. That countdown is tied to how much you have left to cover your expenses fully until you get another job and how long those expenses will pile up.
Because all it takes is one or two missed paychecks to upset your financial stability and the system you’ve made in how you pay for things.
For some people, unfortunately, quitting jobs is not as simple of an option. People are just jammed into where they are because their job market is poor or it’s highly competitive even when they went to college for that job.
You should share everything with your SO. No. Don’t share finances…
Why not? Having two paycheck going into one place seems like it would make things easier, since you’d only have to deal with one set of accounts. And if something happens to your SO, you already have access to the finances and don’t have to worry about getting access while dealing with whatever happened
Have both. Things both use like wifi etc. gets paid by thr joint account, some savings also get placed in the joint account and stuff like fun money stays in both personal accounts.
How much money is put into the joint account can be up for debate (e.g. based on yearly salary 50% of each salary or fixed amount).
This is the way.
My spouse and I make different amounts, but also have different debt situations. We ran all our numbers and each contribute to the joint accounts based on our ability and needs, and in that way we share our living expenses and build collective savings while still having our own separate accounts for our individual spending. Neither of us is policing the other, we can each buy within our means and maintain our individual financial freedom while also tracking and taking care of our shared responsibilities and savings together.
You’re with the wrong person then
People can change in drastic ways for unpredictable reasons. At any time.
Fully shared finances can screw you over real bad. Have shared accounts but keep a private one too.
Totally disagree, however it does depend on what stage of life you’re on. Straight out of college, sure, married at 50, I would say “no”.
I’ve been married almost 25 years and we’ve been sharing finances since before we were married, but we both started with nothing, and we both had college degrees and equal paying jobs out of college, so there was no real disparity of finances.