Sarah in SC
Moderator Emeritus
Thanks for the book tip, 2017! I just put it on hold at the library. Always looking for good, interesting books to read and recommend.
You can't count on being engineer. My husband has a Ph.D. in EE, but he doesn't have the temperament for it.
You can't count on being engineer. My husband has a Ph.D. in EE, but he doesn't have the temperament for it. His parents never did invest in stocks. His sister said stocks are risky so she only invests in real estate, only London real estate. Lucky for her, but had she bought real estate in Timbuktu, it would have been disaster.
I have not checked for real estate price in Timbuktu, I could be told I'm wrong.
Im shocked that so many users here struggle with their partner when it comes to finances. Not sure how you can go through a lifelong commitment (for some) and not be on the same page when it comes to finances.
Doesnt matter who dies first in my relationship...it would not make a difference. Wife knows where to invest money, who to trust, who not to trust...guess it pays finding someone who can work as a team and is also independent.
Im shocked that so many users here struggle with their partner when it comes to finances. Not sure how you can go through a lifelong commitment (for some) and not be on the same page when it comes to finances.
....
Im shocked that so many users here struggle with their partner when it comes to finances. Not sure how you can go through a lifelong commitment (for some) and not be on the same page when it comes to finances.
pony, I think for a lot of us, it is a division of labor sort of thing. DH does some stuff really well, has an excellent temperament for those things, and I have it for the finances. It isn't that we are one of those "traditional" couples from the golden days of yore, it is more like a desire for efficiency and optimal use of time and talent.
I'm the wife - and I manage the money/investments/bills in our house. DH is the one who'd be lost financially if I die first.
I wrote a document for him "in case of death"... It outlines everything - tells him the routines for paying bills, what is autopay, what is manually paid. It talks about withdrawal processes. It lays out every account, every bill, etc. He put a hard copy in the safe deposit box, we put a copy with the will and trust, and there is an electronic copy on our shared backup drive.
I'm the wife - and I manage the money/investments/bills in our house. DH is the one who'd be lost financially if I die first.
I wrote a document for him "in case of death"... It outlines everything - tells him the routines for paying bills, what is autopay, what is manually paid. It talks about withdrawal processes. It lays out every account, every bill, etc. He put a hard copy in the safe deposit box, we put a copy with the will and trust, and there is an electronic copy on our shared backup drive.
Im shocked that so many users here struggle with their partner when it comes to finances. Not sure how you can go through a lifelong commitment (for some) and not be on the same page when it comes to finances.
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I can't fathom being so disinterested. Seriously, we could have $200,000 in credit card debt and he wouldn't know. I just wouldn't trust anyone to that extent with my future, not even my spouse. He's happy as a clam, so on we go. 'Tis what it is!
I can't fathom being so disinterested. Seriously, we could have $200,000 in credit card debt and he wouldn't know. I just wouldn't trust anyone to that extent with my future, not even my spouse. He's happy as a clam, so on we go. 'Tis what it is!
Gosh, pb, I'd forgotten all about her.
This sends chills up my spine:
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Well, he finally fessed up tonight. Turns out he lost everything in the 2008 crash because he was highly leveraged. He had dabbled with that a bit in his 20s then we agreed jointly that it wasn't good to do anymore, but he started back up. So, I guess you can see he's a bit like a gambler with an addiction. Anyway, he's been hiding it for 5 years, making up numbers, telling me lies, hoping to make it back. So, yes, I'm out probably about $600K and 15 years of squirreling away and living below my means, not to mention all the emotional crap that now comes with this.
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Can you imagine? So sad.
Im shocked that so many users here struggle with their partner when it comes to finances. Not sure how you can go through a lifelong commitment (for some) and not be on the same page when it comes to finances.