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Op, resident lawyer here. It depends what state you live in. In NY, for example, your pre-marital assets and any inheritances are your own. Don't quote me on that, google it :-) (this is not legal advice)
Btw, sweetest thing one of my friends said when he got married 9 years ago was, "I only have $20K in student loans, but am about to have $150K because of my wife's grad school debt, and she's going to be a teacher." 9 years later, they own an amazing place in BK Heights (their 2nd), have a little girl, he's a director at his co., she teaches full time and also teaches Zumba on weekends.
Maybe you aren't ready to get married if this is in question
YAaaaaasssss. The ladies they like the monies.
Money? Your car, your side of the bed, your time with the boys all is now 'our's'
If you ain't no punk, holla WE WANT PRENUP!
To elaborate - you will make lots more money. 100K in long run is chump change.
@PwC1 - Seriously? Gender isn't the point. I am in a similar situation with my boyfriend but I have more money than him. My money will be ours when we get married.
You can have her sign a prenup, and share your credit scores. Have a conversation with her so she clarifies if she has other liabilities.
Consider yourself lucky she is debt free. If the my vs. our money is a real question in your mind do her a favor and don't get married.
'Our penis'
No. Your money is her money and her money is her money.
PWC1 is why gender inequality exists
Yep. When you decide to get married you are committing your life to hers (and vice Versa). But do yourselves a favor and open up a couple of small savings accounts and put a small bit of money in each of them each paycheck so you can treat each other to surprises every now and then.
Male here. She has no money because she paid off a loan so as to not burden YOU with the debt when you get married. If you are so concerned about your money, then maybe do her a favor and cancel the wedding because if you can't share your money, how can you expect her to share anything with you? Pre nups are a big slap in the face that basically say "let's get married but I may get tired of you so I want to make sure you get none of my money even though you've been willing to pay off your debts for me. Til death do us part, kinda sorta maybe"
If you have a prenup though, it is one less thing to worry about. There is a lot of money in this profession relative to others. Once you are a few years into senior manager, odds are good you are in the top 1%. If she starts making more money, she is protected too. What if your parents or her parents have a lot of money? - if they die and leave it to her - should half of that be yours? If you have 300k in your 401k and she only has 50k - you are both leaving with 175k and that is if you are lucky. - it sounds great now but when people get divorced, reason goes out the window and the legal system and lawyers prey on this. Lawyers can easily walk away with a double digit % of what was "ours." - what if you come home on a Wednesday and shes with another guy? It happens more than you think when one party is gone over 100+ nights a year. We spend more than 1/3 of our life, away from our spouses and SO's. - then there is money. Money is the second leading cause of divorce.
Haha. Yes.
Sign a prenup. You want to make sure she isn't marrying you for your money. And for the record, I'm a woman. I make more than my husband does, and while we both enter the marriage free of non-collateralized debt, we both believe that what we earned before we got married should be kept separate. What we earn after we have kids will go into a joint pool.
If sharing is hard now think about Five years from now. Reconsider what you are willing to provide. I say yes. You share and don't think twice about it.
@EY death is inevitable, divorce doesn't have to be