Multiamory: Rethinking Modern Relationships 273 - Money & Multiple Partners
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May 26, 2020 Hadassah Damien, founder of Ride Free Fearless Money, brings her expertise on financial empowerment to the conversation. She shares invaluable insights for navigating money dynamics in non-monogamous relationships, discussing the importance of transparency and intentional financial choices. Listeners learn about addressing income disparities, fostering communication around finances, and planning for a secure future beyond traditional structures. Hadassah’s practical tips encourage a healthier relationship with money, promoting equity and emotional support among partners.
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Budget Dating with Transparency
- Define a monthly or percentage-based budget for dating expenses based on income and priorities.
- Be transparent with partners about your finances to avoid overspending and maintain comfort.
Use Sinking Funds Method
- Use sinking funds or the envelope method to save money for specific purposes, like dates or car repairs.
- Assign money intentionally so you feel allowed and guilt-free when spending on those things.
Handling Income Inequality Equitably
- Hadassah shares an example of her own living situation with income inequality in her partnership.
- They use an "equity adjustment" accounting for personal financial needs beyond income to split costs fairly.