How do Mimi and I co-manage our finances? We recorded a podcast about that very thing.
And here’s a spoiler: We talk about money… a lot.
It’s really that simple (and that complicated).
We have one joint account which we use to fund our LONG DISTANCE RELATIONSHIP fund, but other than that, our finances aren’t combined with accounts or anything physical.
They are combined through a series of conversations about what we’re trying to do, both in the short term and over the long haul.
It didn’t always work that way…
Now if that sounds impossible for you, let me share a little story.
When Mimi and I started dating we didn’t talk about money AT ALL. I was incapable of it. Mention money around me and I would find an excuse to leave the room.
But slowly, as I got better with my money, we started working it into our regular conversation .
Of course it didn’t hurt when I started Rags to Reasonable that she edited everything I wrote, so that might not be possible to emulate for everyone.
Why talking things out has been so valuable:
It seems like such a small thing, but it’s helped us navigate through lots of potential minefields.
Talking about money has helped us figure out how to split costs when we both are often away for weeks or months at a time.
Talking about money has helped us balance the fact that Mimi makes a lot more money than I do. For those of you that live with a similar financial imbalance you know how tricky that can be (more on that in the video below).
And talking about money has helped us start to combine our financial goals for the future… even when our methods are still quite independent.
It’s always hard be articulate about this, but if you’re interested in learning more… check out the full podcast below.
What do you think? Any tricks that you have for managing your money couple style? We’re always looking for new things to try.
Emily Nixon
Rags to Reasonable Community Outreach Coordinator
Emily Nixon is an actor/writer/director/filmmaking Swiss Army Knife. She is also a big money nerd and Community Outreach Coordinator for Rags to Reasonable.
She came to this work after becoming completely fed up with living paycheque-to-paycheque and being too afraid to look in her chequing account. She is passionate about empowering other artists and variable income earners to keep doing what they love and feel confident about their finances.
Email Emily at emily@ragstoreasonable.com
