How to spend your legacy?

[ddbackhoe]

Kinda interesting how some married folks keep their finances separate. His and hers money.

We've always pooled our money and discussed large purchase before spending.

I know some folks do it because of second marriages, some business arrangements, etc. It's just and odd concept to us.

Not really, why not have his-hers-ours. How do you now surprise your spouse with a ”frivolous purchase”?

 

[Hay Dude]

Not really, why not have his-hers-ours. How do you now surprise your spouse with a ”frivolous purchase”?

Oh that’s easy. I just save a little money on the side.

 

[MossRoad]

Not really, why not have his-hers-ours. How do you now surprise your spouse with a ”frivolous purchase”?

It's hard. She works at the financial institution where we keep our money. AND, for about 25 years, the jewelry store was right across the street from her office window. I had to squirrel away cash for a year, and sneak into the jewelry store when I knew she was away from her desk.

After 43 years, I still manage to surprise her once in a while.

A for his/hers/ours, we never saw the need. Just ours.

 

[MossRoad]

Oh that’s easy. I just save a little money on the side.

Yep. I hide mine in the gun box. She hides hers somewhere in the closet. It's never more than a few hundred bucks each.

 

[ovrszd]

Not really, why not have his-hers-ours. How do you now surprise your spouse with a ”frivolous purchase”?

I always have cash in the safe.

 

[3Ts]

Kinda interesting how some married folks keep their finances separate. His and hers money.

We've always pooled our money and discussed large purchase before spending.

I know some folks do it because of second marriages, some business arrangements, etc. It's just and odd concept to us.

I can see business arrangements, but in most cases where the couple have kept their finances separate seems to be when one of them does not expect to stay married.

Same with keeping separate names. If one has established a professional reputation I understand not changing the name upon marriage, but otherwise it seems that they're really not committed to each other as a team. (Either one can get a name change, it doesn't have to be the wife)

 

[ovrszd]

I can see business arrangements, but in most cases where the couple have kept their finances separate seems to be when one of them does not expect to stay married.

Same with keeping separate names. If one has established a professional reputation I understand not changing the name upon marriage, but otherwise it seems that they're really not committed to each other as a team. (Either one can get a name change, it doesn't have to be the wife)

Years ago my MIL was widowed, twice. Then she married Lawrence. They were in their upper 50s. They signed a prenuptial. She owned a small house in town. He owned a farm with buildings. They lived on the farm for 20 years and he died. Lawrence's Sons got the farm. She got her house in town. She was allowed to live on the farm as long as she didn't remarry or until she wanted to leave. No do overs. She stayed there 5-6 years, then moved back to her house in town.

They got along great with it. I, like you, always thought it a bit weird.

When I married Terry 20 years ago we didn't do a prenuptial. I had considerable fixed assets. She had minimal fixed assets. We are fine with it. We completely trust each other.

 

[ddbackhoe]

A for his/hers/ours, we never saw the need. Just ours.

Need Like most everything discussed on TBN, there is no need, just desire.

 

[ddbackhoe]

Years ago my MIL was widowed, twice. Then she married Lawrence. They were in their upper 50s. They signed a prenuptial. She owned a small house in town. He owned a farm with buildings. They lived on the farm for 20 years and he died. Lawrence's Sons got the farm. She got her house in town. She was allowed to live on the farm as long as she didn't remarry or until she wanted to leave. No do overs. She stayed there 5-6 years, then moved back to her house in town.

They got along great with it. I, like you, always thought it a bit weird.

When I married Terry 20 years ago we didn't do a prenuptial. I had considerable fixed assets. She had minimal fixed assets. We are fine with it. We completely trust each other.

One thing about pre-nups, they dont cover assets gained while married. That realization can come as quite a shock.

 

[5030]

I always have cash in the safe.

I have cash everywhere myself. I have a penchant for C notes.