I pulled down the box because I didn't see anything that says it's rated for fans. There is a piece of wood it's attached to. Will that be sufficient or am I going to need to upgrade the box?
We've been married 16 years and together 22, early 40s and 2 kids. 4 months ago, we switched our mortgage into a heloc, moved all our debit into it, which was about 60k, 3 credit cards, loc and a car loan. We also took an extra 15k on top for some home repairs, but will probably need to take out more as shit gets expensive fast. The heloc is about 700k and we've got access to another 200k if we needed it.
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Our mortgage payment went from 530 to 820 weekly. We have a suite that pays just over 1300 a month.
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We had everything going into her joint chequing account and we each had two ccs, one which was joint and used by both of us regularly and for everything basically.
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When we did this change, we split up our finances. My paycheque goes to my own account and hers goes to hers now. I earn triple her income from commission sales and she's on long term medical but gets topped up to 80% thanks to the union contract. Household income is 150k with rent give or take. We also went down to only having one credit card each now.
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I pay mortgage, all subscriptions, my car insurances, phone bills, internet bills, the bulk of everything. Her car payment(lease) and her car insurance comes out of her account, she covers hydro as well as some of the not as often bills, IE water and sewage. She buys most of the groceries, but I still do shopping every couple weeks when I want to make some good meals(I do majority cooking). When we go out, it's usually on my credit card, but sometimes she'll pay. Of the two big yearly bills, I paid the home insurance and she'll do property taxes next month.
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I put away 250 a paycheck(I'm paid monthly) into my own investments and each kid gets 75 for resps. We also, have about 150k in investments. Some of which came from the profit of the last house we sold(original down payment for it was from inheritance) we bought our current home in 2018 from money I got from being laid off and the sale of a condo we bought in 2008 using a student line of credit for the down payment. We sold it in 2018.
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Home repairs and major purchases for the house we split evenly.
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This has been one of the best decisions we've ever done. She was always stressed about money and bills, now she doesn't see them. I can see her account is gaining money every month, and I'm now seeing positive money in my account. Or would be if it wasn't for the unexpected 10k vet hospital bill. But that's a story for a different sub and only a minor set back for a couple months until I pay off my line of credit which is down to about 5k now.
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I don't know why I'm writing this, I guess after hitting 40, I'm just feeling good about where my life is financially right now and it feels like a small win when everything else is fucked.
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But also, for anyone asking about if they should keep finances seperate or joint, keep it separate. Don't sweat the small purchases and take care of eachother. If you love someone, it's all the same in the end.