Marriage Finances Debate
This cluster focuses on the financial aspects of marriage, including sharing incomes between spouses, supporting a non-working partner, and the risks of divorce such as asset division and alimony.
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Even marriage doesn't guarantee safety from a break-up, yet most marriages split finances. Suppose you thought with all sincerity you would get married, then helping your partner makes rational sense, especially if your partner is paying interest on a loan. That's your future joint account being drained.
This assumes that the husband wants to remain married and that the wife is contributing.Congrats on your loving and supportive marriage, but that is not always the case.I imagine it's a lot more scary for people in the latter group.
The issue is that marriage often produces children. In many cases, one partner will take a more active role with the children while the other takes a more active role in their career. If they stay married it works out. However, if they split, the partner who took a more active role with the children will be shortchanged. The law tries to address this issue.
Or marry a good person, raise happy kids and live a good life together.If you are not married and one partner makes significantly more than the other, what's to stop the wealthy partner just deciding 20 years into the relationship that they want a newer model and just leaving the former partner destitute? It creates a massive power discrepancy in the relationship. "Do what I want or I'll leave you in the street."Married people work towards the same goal as a unit. Do wh
in marriage all money is to be shared. you can give yourselves an allowance, but the money you earn is just as much your partners, as the money your partner earns is yours.
For me it always seemed like a business deal. You decide to become partners with someone and invest in each others success. My wife for example bought me books on programming early in our relationship, now that I have applied those skills and got a job in the field the extra money I bring home benefits us both. She is rightfully entitled to some of that ROI should I leave her because she did a lot of the initial investment, a legal marriage only formalizes that agreement and encourages it.
I guess since im not married I looked at it differently. Sill is both spouses making that kind of money really that common?
divorceHmm.. no mentions in the entire article? I think the author has something to address.Keep in mind when you get legally married you are signing a legal contract that entitles that other person, in most states, to half of everything you earn during the marriage. They also earn an entitlement to continue that support for something like half the duration of the marriage, or more, if the marriage falls apart.I spent 19 years married in California to a spouse to refused
How about "Wife gets fair share of wealth produced with husband"?
it's not "your" second income, it's your spouse's first income! one person, one income.