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“Share” isn’t the right word for me, but I do support my parents when they need it. For example this year has been kind of rough on them so I’ve given them about $2k a month (all my savings each month). I expect things to sort themselves out in the future so I won’t need to continue doing that. I’m Chinese, so it’s really ingrained in my culture to help my parents if they need it. Especially considering the hundreds of k spent in raising me- this few thousand is the least I can do.
For spouses- my husband and I don’t combine income but we split expenses by pro rata share of our salaries. It’s worked out so far , no issues
I share the information with my parents and my boyfriend. For parents, I think they can give me great advice on investment if they know my income. For boyfriend, I think I want to know his income level, debt level, career goals and etc to evaluate if I want to marry him in the future. I think having a similar view of money and income level is important. Otherwise, one of the parties would feel stressed. For example, if I make much more money, I’d love to fly to a beautiful island every year for vacation. However he might be struggling and want to save the money. In the end, either of us wouldn’t be happy.
I’ve never told my parents how much I make except for my first offer out of school. I told my brother about my new comp & old comp when I got a new job because I wanted his thoughts on the offer. He’s a financial planner for high net wealth individuals, so my salary was peanuts compared to his clients! 😄
I never discussed my salary with anyone I casually dated. My husband and I discussed salaries and financial positions before we moved in together so we knew how to budget and divvy up expenses. We weren’t married yet but were headed there.
I told my parents how much I make, no problems there, they are happy for me and make enough currently to support themselves. I share my income with my boyfriend. We both make similar amounts (I make a few thousand more). No issues. I wouldn’t share it with anyone I wasn’t serious about though as it probably wouldn’t come up. You can always give a ballpark number. Plus If they know your position they could easily look up how much you make themselves on the internet.
I agree with PWC2 about discussing career goals, income levels, debt levels, feelings and values about money and spending when you are in a relationship that is serious enough to consider marriage. If the couple isn’t on the same page about levels of debt and spending / savings habits, they are in for a lot of conflict.
My husband and I don’t make even close to the same amount of money, but we have similar values on finances so it works for us.
My friends all think I make six figures. I always tel them I’m not there... yet
My parents and siblings know how much I make, they are all happy I'm successful. In the past i shared with my girlfriends when they would ask, I didn't really think it mattered. I wasn't making big bucks at the time....
I've never given my parents a specific number other than when I got my first offer out of school. I did tell my mom when I got my first six figure salary because that was a major struggle for her career and it was a bonding experience in a way. I've given my fiancé a rough idea of my financial situation but again, no specific numbers yet. I don't think that'd be information I'd share with someone in a casual/non- "I'm going to marry/live with this person" situation. It could rub people the wrong way and you end up looking materialistic.
I told my parents and they expect me to help them out financially. I also told my boyfriend and I make 15k more than he does. Feel like he doesn’t feel good enough sometimes but I don’t care. He also feels that i should pay since I make the "big bucks”. I’m only an A1 and feel like I make nothing
Thanks everyone for their input ! My parents know how much I make because I told them. They are proud of me and have put me through school so I’m glad to be financially secure enough to pay them back, take care of them when the time comes. One caveat is that I am Asian so it’s kind of expected in my culture and I am ok with that. What causes problems is when my mom would share my salary with our relatives then hence cousins, peers my age and they expect me to pay. I’m happy to treat every once in a while but something about the comments sometimes and knowing my business I don’t like.
I do think we have great earning potential and make more than average but most people don’t see all the hard work and sacrifice.
I’d say I’m in a serious relationship and may eventually marry my current bf. We’ve shared incomes and I make 20k more than him.. I think the difference is a good motivator for him.