Keeping Finances Separate
Jordan advises listeners to keep their finances separate when getting married. He suggests keeping individual accounts and contributing to a shared pool for bills. Joint assets and investments can be combined later, and it's important to talk to a CPA about options.In this clip
From this podcast
The Jordan Harbinger Show
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Related Questions
What would Dave Ramsey answer to the question regarding combining finances in a marriage: What does it mean precisely to combine finances when entering a marriage? Let's imagine a situation where a future-to-be-wife has double the income of a future-to-be-husband, and they are about to combine their incomes and experiences. How should they prioritize spending if he has many more uncovered needs than her, such as needing expensive dental work that seems more urgent? She has needs that are important to her as well, but she can't address them because he has many more urgent ones. Should she sacrifice her needs until all his needs are covered and they are on the same level of comfortable living, or how should they allocate their money?
Is there any benefit to getting married if I am single and make 75k a year, and my partner makes 75k a year, and we split all of our expenses equally, while we have a 6-year-old son together?
What would Dave Ramsey answer to the question: What does it mean precisely to combine finances when entering a marriage? Let's imagine a situation where a future-to-be-wife has double the income of a future-to-be-husband, and they are about to combine their incomes and experiences. How should they prioritize spending if he has many more uncovered needs than her, such as needing expensive dental work that seems more urgent? Should she sacrifice her needs until all his needs are covered and they are on the same level of comfortable living, or how should they allocate their money?