"We Don't Share Finances, and It Saved Our Marriage." (Listener Intervention)
Feb 24, 2024
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A married couple shares how they maintain separate bank accounts to avoid fights and enhance romance. They discuss balancing joint expenses and income disparities, handling finances with a 'team card,' and navigating childcare expenses together. The podcast also explores finding a balance between small indulgences and long-term saving goals.
Maintaining separate bank accounts helped Evie and Shane avoid financial conflicts and preserve romance in their marriage.
Evie and Shane use a 'team card' approach for shared expenses, ensuring equal financial responsibility and planning for their daughter's future needs.
Deep dives
Evie and Shane's Decision to Keep Finances Separate
When Evie and Shane got engaged, they decided to keep their finances separate due to starting their relationship with different amounts of savings and salaries. Their choice to maintain individual financial lives stemmed from their desire to avoid conflicts arising from their differing spending habits, such as Shane's daily small expenses versus Evie's occasional big splurges.
The Team Card Strategy for Mutual Expenses
Evie and Shane implemented the 'team card' approach, where they use a joint credit card for shared expenses like groceries and gas. This system remained unchanged even after the birth of their daughter, with all mutual costs being split equally between them. They plan to continue splitting expenses equally for their daughter's future needs, including college tuition.
Future Financial Planning and Open Communication
Despite potential future challenges like health issues or retirement savings discrepancies, Evie and Shane focus on open communication and joint decision-making. They prioritize discussing and adjusting their financial strategies over time, remaining flexible and willing to adapt to ensure a harmonious approach to their finances throughout their lives.
What’s yours is mine? Not for these Money Rehabbers! Nicole talks to the (absolutely lovely) Evie and Shane, a married couple who don’t share a bank account. According to them, separate bank accounts = less fighting = more romance. Agree? Tune in to hear their story.
Encore Edition. Originally aired 3/23/22
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