CNN.com had a fabulous article this week talking about “How couples should negotiate spending cuts.”
I have to be honest – there are so many ways that Future Husband and I are beyond the honeymoon phase in so many parts of our relationship. But the future prospect of sharing finances scares the shit out of me. FH knows my downfalls about as well as the rest of you do – takeout food, overpriced coffee and unplanned spending. But whereas my habits are just inconvenient and delaying my financial freedom as a fiancee, what is FH going to think of these spending habits when we’re married and potentially sharing a joint checking account?
And here’s another fact about our relationship – right now, FH and I haven’t had to institute any drastic spending cuts. I like to think that we’re relatively frugal as it is (aside from my takeout habit) and we’re usually on the same page about where our joint funds should go. But I’m sure that the future holds changes in our spending habits, especially when we decide to have kids.
I’ll be asking peoples’ opinions in the near future about how they negotiate banking with their spouses, but I’m curious … how do folks negotiate spending cuts with their loved ones?
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