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Monday, November 12, 2018

Who does the finances?



Home finances are a big deal. A couple really should have some idea how money is going to be managed before getting married. Money is one of the major things couples argue about. One of the things my lovely wife and I discovered soon after we met was our similar philosophical approach to money. Neither of us have ever been too focused on it. Money is not a big motivator in our lives. That's good in some ways but bad in others.

Someone has to make sure the bills are paid.

At first we tried to manage the fiances together. That only worked for a little while. At one point we ended up paying some bills twice and other bills not at all. That's when we figured out that one of us had to take the lead on that.

Over the decades of our marriage that's a job we've both done. Sometimes it made sense for me to do it. Other times my lovely wife took the lead. When I got injured at work, she handled the day to day financial business. Frankly, I was too messed up to do even that basic a task. Years later, I returned the favor when she was dealing with health issues.

Since then I've pretty much been stuck with the job. However, my lovely wife and I communicate about where the money is going. Should something happen to me, all the accounts and bills are written down in a notebook. That includes on-line logins. Should something happen to me, she should be able to sort things out. However, I probably should write down exactly how I do things -bill schedules, priorities, due dates, and that sort of thing.

Currently, we are dealing with more medical bills than normal. We'd been in the process of paying down debt, but those medical bills have set us back a bit. By this point in my life I'd planned on being debt free, but life happens. At some point you've got to figure out what's worth your time and energy and what to let go. It's whatever works for you. The decisions my lovely wife and I make are not decisions most other folks would make. The main thing is not have any secrets about money and to be working towards the same goals.

-Sixbears

6 comments:

  1. For most married couple, financial and budget arguments are probably the worst. That and keeping secrets from one another.

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  2. Sounds like you two have it handled.

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    Replies
    1. Well enough -for a job neither of us care to do.

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  3. neither of us ever did it or did it well.
    now that i am a widow i am at a complete loss. it is a mess.
    suggest anyone who reads this get control now and hire a cpa to do it for you it is money well spent then you can go to him for consultation if it gets awry in future
    suggest six bears have two identical notebooks one in a safe place with wills and deeds just in case of fire or other miseries.

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    Replies
    1. Good advice Deborah Harvey. Don't lose hope. Glad you have professional help to sort through this.

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