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Bain & Company Which are the best consulting firms and practices for Climate Change & Sustainability, especially in the Canadian geography? Also, please suggest the best Canadian city for consulting jobs.
McKinsey & Company | Boston Consulting Group | Bain & Company | Kearney | LEK | EY | Oliver Wyman | PwC | Deloitte
#ClimateChange #Sustainability #Water #ESG
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NYC 🐠 Anyone try the dating app MOTTO? Any good?
So true 😅
Hi Fishes, Y.O.E 7.5+ years. Tata Consultancy TCS is offering 25LPA including variable pay and everything. So just 15% increment on my current salary since they mentioned I am leaving my current organization within 1 year.
They mentioned 8-12% is VP plus 80k from that salary is paid at the end of each year. Is it a good enough salary for 7.5+ yoe candidate. Also any heads up for the things I should look out for will be really helpful.
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Bain & Company Which are the best consulting firms and practices for Climate Change & Sustainability, especially in the Canadian geography? Also, please suggest the best Canadian city for consulting jobs.
McKinsey & Company | Boston Consulting Group | Bain & Company | Kearney | LEK | EY | Oliver Wyman | PwC | Deloitte
#ClimateChange #Sustainability #Water #ESG
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Wife and I are both executive level and don’t commingle every penny. We have high earnings and savings rates but we do have a fairly high discrepancy in pay level and cash bonus (150k difference per year). We fund a joint checking account for a budgeted set of “fixed costs”, mortgage/utilities, taxes, entertainment, food etx. The funding is proportional to our weighted salaries:60/40 not a straight 50/50. We each fund our own retirement, excess savings, and individual debt (car, credit card). Higher earning spouse also will pay 80/20 for large home improvement items, big vacations. Stock grants pay for kids college.
We get a financial checkup periodically to make sure we are on track.
With the salary discrepancy, if we tried to do everything 50/50 the lower earner would be treated unfairly and have a different lifestyle, this could create issues.
Good luck!
Rising Star
I’d only use it for joint expenses/savings. I’d keep a separate account each for “fun money”. Even if the other person has access to it, no problem, but at least it’s a clear separation between: Fun money for yourself, money needed for being an adult (rent, mortgage, insurance, cars, etc.). That way, when you buy yourself something unnecessary, the other person can’t complain about you having used money that’s needed for the “serious” stuff. In short, to start with: Have three accounts. Can all be joint, but only one is for day to day joint expenses and everyone needs to add a certain $$ amount to it with each pay check. See how it goes and you can adjust from there.
This is more or less what I do and it works great. Our incomes are relatively similar so we direct deposit into a joint checking account each month for mortgage, utilities and childcare. The rest goes in our own checking or savings. We also have a joint investment and high yield savings for excess/saving for family goals like travel, home renovations, etc. It becomes a bit of a fun competition of who can contribute more to the family savings monthly.
My wife and I are similar to EY1. We decided to keep it very simple. All of her money became mine and all of my money became hers. We didn’t see a need to keep anything separate (other than personal retirement accounts that just can’t be combined). We both understand our financial situation, have similar spending habits, and over-communicate. It’s worked out well for us.
Chief
We never commingled anything and each maintain our separate investment, spending and savings accounts. We just never understood why people feel the need to mix things together that way when in many cases it becomes just another source of conflict. Haven’t had a single money conflict in 15 years, knock on wood.
Chief
When we were both obligated to contribute our fair share of living expenses and retirement accounts, we simply set our respective obligations based on our individual percentages of household income (if I made more, I covered more). Then, as long as our respective expenses and retirement contributions were covered, it didnt matter to the other what we each did with the rest of our money.
If there was a large one-time expense we were also saving for, we’d come up with a savings plan and cut it by percentage each person was responsible for saving and when we had enough, we’d go for it. Or if one of us made substantially more or it wasn’t big enough to worry about splitting, sometimes one of us would just save up and cover the whole thing then.
We’re both responsible with money so that helps a lot.
Husband and I have two total bank accounts - checking & savings (plus individual 401k plans). I couldn’t see being married and doing it any other way - even though I know lots of couples that love to keep separate accounts and it works well for them!
There’s no “my money/your money” it’s just all our money. If one of us wants to make a big or non standard purchase, we talk about it and work it into the budget. Married 3 years and haven’t had any issues with it so far.
Rising Star
When my wife and I got married, we comingled everything. We have 1 savings account and 1 checking account. I significantly out-earn her (4x), so for me I don't think it's fair to even try to split our expenses - so what's mine is hers and what's hers is mine. Generally how it works is my paychecks are big enough to cover our mandatory expenses (mortgage, utilities, fund retirement, food, car, etc.) - so when her paychecks come in it's easy to just route them to savings, and mine mostly stay in checking to cover our expense float (and once a month or so I sweep the excess to savings). So I guess by that split she "pays for" everything discretionary and our savings, but we don't view it that way. It's all our money.
I keep joint account despite roughly 3x salary after taxes. I think we tried the whole spend the money that's yours route and honestly it was so disparate it couldn't possibly feel fair.
Suggest you agree on household budget ahead of time. In detail. Also a plan/agree what will happen when something changes up or down significantly (inevitably): children, illness, job loss, inheritance, etc. Agree with above Comment on separate funding for “fun” money.
My wife and I commingled everything when we got married 25 years ago. We married ‘till death do us part and had very little for a lot of years. Now we have started accumulating some moderate wealth.
Much easier I expect when you have started out commingling very little. Best to you.