Thursday, October 7, 2010
Last night, Husband and I sat down and went over our finances. It's shocking to me to find out how little I knew about his finances even though we've lived together for over 2 years. The entire time we've been together, we've kept our finances fairly to our selves, rarely discussing them and only exchanging money for bills.
Prior to getting married, he and I had discussed what would occur with our money once we were married. It was probably a good conversation to have looking back, because it made last nights conversation go smoothly. We've agreed to keep part of our money separate, but to merge the majority into one account.
Once we came to that agreement, we budgeted out our bills and our debts. We've worked out a plan to have our debts paid off by the end of the year (If I take charge, it will actually be completely by December), and to start saving for the future. The Nest has a budgeting tool that I was looking at last night. For some reason it seems to have a lot of bugs, so I'll probably be looking for another one, or maybe just making my own spread sheet. (If you're reading this.... and have suggestions, please leave a comment!!).
I know that Husband and I are not the only people who will have problems when it comes to money, whether it's a lack of or just in general. To be completely honest, the subject totally freaks me out and makes me fret and worry. I'll be sharing my livelyhood, my income with someone else. I just have to remember to take a step back and remember that I'm asking him to do the same. I'm worried he'll spend it all, and he's worried I wont let him have any. haha. But, I'm confident that we will be able to work through any problems we come across as long as we communicate and work together as a team.