Sharing a preference for separating finances
Dear Readers: On April 11, I printed a letter from “Wondering in Washington,” a man asking why young men in general today have the attitude that “any money I earn is mine” in a marriage or live-in situation. He said when he married, he and his wife considered what they earned to be “theirs” — not his or hers. When I asked my “younger readers” to chime in, I was inundated. Some excerpts: Dear Abby: My first husband controlled all the money, my pay and his. He bought what hewanted, but didn’t always pay the mortgage or utilities.
In my second marriage, my money is my money and his money is his. If I earn 60 percent of the income, I pay 60 percent of the shared bills. Whatever is left is up to my own discretion to spend, and the same goes for his paycheck.
Learned My Lesson in Florida Dear Abby: I’m a man in my mid-30s; my wife is in her mid-20s. Many of our friends keep their finances separate, and the reason usually involves hearing their parents argue over money. I believe the separation of incomes starts with young women embracing messages of empowerment they heard growing up and applying them not only to the workplace, but to home as well.
Just Saying, in Wisconsin Dear Abby: Male reader here. Gone are the days of the stayat-home wife who takes care of the house and raises the children. I’m as guilty of those preconceptions as anyone.
I now believe both parties in a relationship have financial responsibilities to the other. In my first marriage, the majority of financial responsibilities fell on me. The financial obligations in my second marriage are different. We have a separate maintenance agreement. I pay only part of our living expenses. I can spend whatever I want, when I want, on whatever I want. This has prevented many disagreements.
J.G. in Texas Dear Abby: I’m 32, recently married. I earn more than my husband, and I’m better at managing money.
We plan to set up a joint account for household expenses, joint vacations, etc., and maintain individual accounts for whatever money is left. That way, we have a certain amount of independence and freedom.
We don’t consider our relationship to be disposable. But when you grow up like we did and don’t marry until your 30s, you live a considerable amount of your life independently. We are happy with this arrangement.
Modern Marriage in Michigan