Some legislators are trying to remove Financial Literacy from the high school core. I think that may be one of the more important classes in high school.
BYU 1984 National Champs.
We have 2 salary accounts. My salary goes to all payments and daily expanses. We save the money in her account.
Burke- Burks- Burked.
My husband and I have one primary checking account. He is by far the primary wage earner in our household, but I pretty much pay all the bills. I'm not a big spender at all, and I generally hate shopping, so it's not like he worries that I'll be frivolous with the money. Actually, we tend to argue more when I criticize him over something he's spent money on (like $99 pay per view MMA matches.... LOL) and he can get pretty angry with me if I'm in pitbull mode about it since he's the one who's working to earn the bulk of our income.
But he did finally open his own checking account for spending because he always spent cash for everything, and he'd make $100 - $200 ATM w/d's every other day or so. The record keeping got to be a head-ache so I suggested he get his own account for those smaller everyday expenses. Every so often we'll put a chunk of money into his account and he uses it as he pleases. Plus he's using credit cards much more for things like groceries, dry cleaning, prescriptions and what-not, where he used to pay cash. Makes my life much easier.
Word. And the main issue there is that people generally value money over almost everything. So the challenge becomes not being possesive or arrogant over the fact that you might be brining much more to the table financially and valuing equally what the strong points that the other person has to offer. Otherwise you kind of walk in to marriage with that whole, "It's my money. Where the hell were you during the past 10 years while I was making it? " - attitude. Probably not a good thing that would endear your spouse to you.I think it's easier to do if you get married relatively young before either party has substantial assets.
Haha.....That's another interesting thing that I have think about whenever I'm on the threshold of being married. Because it's no secret on this board that I like to sports bet a little bit. Might be one of things that has to hit the road Jack and never come back. And if you take account the probabilities of odds, and the human error of setting lines, and the fact that my track record is pretty dang good all things considered and that I've never even come close to losing a penny, it shouldn't be a big deal to anybody. But just on the surface, it's one of things that's still probably hard to justify when you're talking about sharing finances with another person. Like....yeah I don't think you should buy that frivolous item.....but I'm going to throw $1000 on the BYU game tonight or something because the odds look mighty favorable to me. Just seems like it wouldn't fly with about 90% of girls.My wife is only 23 and she is the oldest, and she was a "*******" child ........ So ya, they are youngish, and dumb with money. In fact he just called and wants me to go to Wendover with him tonight. See dumb with money.
My wife is cool with the sports "investing", mostly because I usually only talk about it when I just won:-). In reality I'm small time, and usually take out more than I put in over the course of a year. She always just tells me to buy her something if I win big.