Marriage and the Power of Divorce

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Cad

scientia potentia est
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I pay for the mortgage and all the monthly bills (elec, gas, cable, water) so my wife pretty much knows you can't yell at me for buying things since I pay for almost everything. Really the only thing she pays for is the groceries which is probably about $400-$500 a month. I used to have her give me $500 per month as well but I've stopped that since we actually got married. I honestly don't know what she does with her money or where it goes. I only make 30k more than her but have to pay maybe 2k per month in occurring bills and I still have about 1k left over of money I can either save or spend.

We'll probably merge accounts here in the near future I assume
On that basis my wife would never open her mouth a peep since I make like 7x as much as her. But, wifelogic
 

Noodleface

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I pay for the mortgage and all the monthly bills (elec, gas, cable, water) so my wife pretty much knows you can't yell at me for buying things since I pay for almost everything. Really the only thing she pays for is the groceries which is probably about $400-$500 a month. I used to have her give me $500 per month as well but I've stopped that since we actually got married. I honestly don't know what she does with her money or where it goes. I only make 30k more than her but have to pay maybe 2k per month in occurring bills and I still have about 1k left over of money I can either save or spend.

We'll probably merge accounts here in the near future I assume
Once we merged accounts it became "our" money and that's when the issues started. I should point out I make 40k more than my wife.
 

Khane

Got something right about marriage
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Money doesn't matter guys. It's about building a life together and making decisions as a team. Unless you stop making the money. Then fuck you.
 

Noodleface

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Yeah this is actually a reason I'm dragging my feet and reluctant to merge accounts
It went from her having a real job and me working part time (when we first merged) to me going straight balla status (I increased my yearly income by 7 times with my first job out of college).

It's a weird situation.
 

radditsu

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I think I will merge accounts with my wife when we retire. We can see everything each other does now. We have a single savings account between each other. But nope. One day she may go crazy, dump the accounts, and leave my ass and/or me her. There needs to be some protection there. I would like to not have to go through the whole "im so fucking screwed" thing.
 

Deathwing

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Money doesn't matter guys. It's about building a life together and making decisions as a team. Unless you stop making the money. Then fuck you.
So much this. You really can't hold someone's career choices against them, because that's essentially what you're doing when you bring up salary. What people are good at and what society deems worth paying is so often at odds. As Khane also said, if they make stupid career choices, that's another matter. But if they're working hard at what they love, improving their career, bringing home some money, it doesn't matter how much more money you make.

I might suggest "fun money" accounts. Any time you get extra money that's outside of dependable income(most of the time, this is just salary), you deposit that money into that person's fun money accounts. That person can then spend the money on whatever they want without the other person giving them any shit. You can still buy stuff for yourself with regular money, big stuff that a fun money account might not pay for, but you'll need to approve it with the other person first.
 

Tenks

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I should note that my wife and I never fight about money. She dislikes how much in general I spend on the clothing brands I enjoy but that is about it. I never bring up the disparity in our salaries because like DW said I find that to be a low blow. But she has aspirations of moving homes in the not-so-distant future and most of the houses are like 350k so I feel with a joint account she may watch the savings a tad more than she does now since I'm the only one that actually has a decent savings.

I can imagine children compound money issues 10 fold, though.
 

Haast

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Please elaborate then. I thought I was agreeing with what you wrote. Bringing up salary differences is not building a life together or making choices together.
Pretty sure Khane was mocking the perceived mindset of women and money. When you make more, it's "our money, our decisions, we are a team", blah blah. But if you stopped making more, the attitude changes.
 

Deathwing

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Yeah, I see that now. I misinterpreted the "unless you stop making the money" as in someone in the marriage decides to stop working for the wrong reasons.

Should have gone with my gut, that seemed too altruistic for Khane.
 

Haast

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Yeah this is actually a reason I'm dragging my feet and reluctant to merge accounts
I can't speak for OH law, but if it is similar to TX law regarding marital property: I would hesitate to combine in money I had previous to getting married. That is probably what saved my ass in divorce.

Combining money made AFTER marriage is fine, that would all be considered community property anyway. But your assets prior to marriage would be yours to keep, and that is a lot easier to accomplish if you keep them separate. It also prevents the spiteful stealing of assets belonging you to if things go south.

A little caution doesn't hurt.
 

lurkingdirk

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Wow, this is very interesting to me. My wife and I have always had 100% merged accounts/finances, and we don't even talk about who makes more, we consider both our incomes as "the income." I never worry that she's going to overspend on anything, nor do I ever feel the need to justify anything that I buy. If something is going to be a big purchase, we discuss it. Not because of the need for "permission" to spend the money, but because we have a certain amount each month that we consider to be usable for such things. If one of us needs to buy something expensive, the other may have to push off their own purchase a month. We simply communicate a lot about our finances.

Now you're telling me that because I make more, I need to put my wife on a stipend, and she needs permission to spend? I have so much to learn!
 

Cad

scientia potentia est
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Wow, this is very interesting to me. My wife and I have always had 100% merged accounts/finances, and we don't even talk about who makes more, we consider both our incomes as "the income." I never worry that she's going to overspend on anything, nor do I ever feel the need to justify anything that I buy. If something is going to be a big purchase, we discuss it. Not because of the need for "permission" to spend the money, but because we have a certain amount each month that we consider to be usable for such things. If one of us needs to buy something expensive, the other may have to push off their own purchase a month. We simply communicate a lot about our finances.

Now you're telling me that because I make more, I need to put my wife on a stipend, and she needs permission to spend? I have so much to learn!
Just depends how childish and controlling one or the other of you acts. The situation is fluid, obviously.
 

Haast

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Dirk, did you and your wife get married right out of college? Did one of you have significantly more assets (cash, investments, property, etc) going into the marriage?

Granted, if marriage works properly, none of this matters. But if it goes to shit (especially if it does so within a few years of marriage) and you DID have significantly more wealth than your wife, keeping prior assets separate can be the difference between a relatively smooth divorce and a /wrists divorce.
 

Gravy

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Wow, this is very interesting to me. My wife and I have always had 100% merged accounts/finances!
Same here, even before we were married. I think it was easier because we were in college and had no money anyway. I recall having a combined $12 in the account at one point.
 

lurkingdirk

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Dirk, did you and your wife get married right out of college? Did one of you have significantly more assets (cash, investments, property, etc) going into the marriage?

Granted, if marriage works properly, none of this matters. But if it goes to shit (especially if it does so within a few years of marriage) and you DID have significantly more wealth than your wife, keeping prior assets separate can be the difference between a relatively smooth divorce and a /wrists divorce.
We did not get married right out of college, and I had considerable assets before marriage, whereas she had considerable debt. Things still seem to be working out...

I understand the desire to have some recourse for a failed marriage, but I don't function well that way. If I make allowances for failure, I'll probably find a way to make them come true. I'm all in.