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Money can marry their relationship, so when you say “I do” on the altar, you must also say “I do” with your finances.
I do it is a frame that I developed to navigate their finances as a married couple. Goes like this:
YoNitize conversation
DIVVY UP “Tuya, mine and ours” accounts
EITHERPT for a PrenuPC
To show you how it works, I will give you an example of real life with the celebrity couple Sharna Burges and Brian Austin Green.
Step 1: Start conversation
Starting a money conversation seems to be obvious, but many couples postponed it.
This is what happened with Sharna and Brian. “We had a baby much faster than we thought we were going,” Sharna told me in my podcast Money Rehab this week. “I think because it was like going through a tunnel at full speed at the beginning of our relationship, there were some conversations that were lost.”
If your port was this conversation yet, have it in now. Don’t wait for another moment. If you wait until the “right time” for money to speak, it will be too late.
So what should you talk about? Here is a place to start:
Step 2: Divvy Up accounts
Here is the first question that couples face: Who is the money of who?
This is a personal decision, and there is no system that works for each couple. Some couples combine finance. Some keep them separate. Personally, I like a system that I call “yours, mine and ours.”
It is simple: you keep a bank account that is only for you, your spouse maintains an account only for them and both contribute to a shared account. In this way, it retains some financial independence but also builds a financial life together.
This is what Sharna and Brian do. For Sharna, it helps keep magic alive. “I don’t want to be about his books, because that is not my job,” he said. “I feel that takes part in romance.”
But as you create a plan to bind Finance, you must also create a plan to untangle them. What means …
Step 3: Opt for a prenup
If you have any form of a “joint account” or joint, a PrenuPP is critical.
This conversation can bother people. A year ago I spoke for the first time with Sharna and asked her target that she and Brian had a prenuptial plan. She visible froze, then she told me that it would be too uncomfortable to argue with Brian.
But a year later, his tone has changed. “I think protecting is somewhat beautiful,” he told me more recently. “Knowing that everything is fair and you have made the great decisions, I think it is incredible intelligent.”
I completely agree, but I understand his fear for a year.
Prenuups feel little romantic and stressful, mainly because people think of the Prenu -SUPCS as divorce planning. But in reality, it is only safe. You don’t get car insurance because You are planning to enter a car accident. He gets insurance in case of emergency and hopes he never has to use it, but makes him feel a little more comfortable in his car.
This is how you should feel a Prenu -up: it is an emergency measure that makes it feel safer in your relationship, no less.
The intersection of love and money can be disorderly, but if you follow the frame, your partner, your partner, yourself and your wallet.
