r/MoneyDiariesACTIVE

Financial issues in relationship

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My partner and I have been together for several years and have talked about building a future together. I have two children from a previous relationship; he doesn't have children.

I own my home, which is worth around £460,000 with roughly a £220,000 mortgage. I bought it after my divorce, and the entire deposit came from an inheritance. The house represents rebuilding my life after my marriage ended and providing stability for me and my children.

My partner is a music artist and wants to build a business around his work. I completely understand that this isn't just a business to him—it's his life's work, his creativity, and something he's spent years developing. I genuinely want him to succeed.

At the moment, he contributes around half of the household bills, and food, and I appreciate that.

The issue started when we began talking seriously about his business.

I have a background in sales and business development, which isn't really his area of expertise. He actually took me along to meetings with potential clients, including an account meeting, because he wanted me involved. After seeing how everything worked, I realised I could genuinely add value by helping to win new business, build client relationships, and generate work.

I wasn't looking to be handed half of his company because I'm his partner. My thought was that, instead of charging him for my time, a nominal 1% share could simply be a token recognition of my contribution if I helped grow the business. It felt more like being invested in building something together than trying to own part of his life's work.

He didn't see it that way.

His view is that ownership should only come from taking meaningful financial risk or creating the business yourself. Because it's his life's work, he doesn't think anyone else should own any part of it unless they've earned it through an equivalent contribution.

I don't actually think that's an unreasonable principle.

The problem is that it's made me realise I don't think we're applying that principle consistently.

When we first planned our future together, the idea was to extend my house. The house is worth about £460,000, and I can remortgage up to around £320,000 on my own. To borrow enough for the extension, though, I would have needed him to go onto the mortgage with me.

Although we'd both have been named on the mortgage, I'd have been paying around 75% of the mortgage repayments, as well as all of the household bills, because I earn significantly more.

At the same time, the property itself was something I bought before our relationship using my inheritance as the entire deposit.

His plan has always been to keep his investments available to fund his business rather than putting them into the house, which I completely understand. But from my perspective, that means I'd be sharing an asset I'd already built, while the asset he hopes to build would remain entirely his.

He also believes he's taken a significant risk by moving into my house instead of buying somewhere himself. His view is that, if we ever separated, he'd have lost the opportunity to build equity in his own property.

I understand why he feels that way, but I struggle with it because buying his own place wasn't really a realistic option financially when we got together. So I'm not convinced he gave up a genuine alternative.

Earlier in our relationship, when he was struggling financially, I also covered his share of the bills and food for around six months to help him get back on his feet. I never expected anything back because I thought that's what partners do.

What all of this has changed is how I now think about fairness.

I used to believe that, when you're building a life together, you don't keep score. But after hearing his views, I've started looking at everything through the same lens he applies to his business.

If ownership should reflect risk and contribution, then surely that principle should apply to both of us.

It doesn't feel right to me that I'd potentially be taking on most of the financial responsibility for the house, paying around 75% of the mortgage plus all the bills, and bringing someone into an asset I bought before the relationship using my inheritance, while his future business remains entirely his because I haven't "earned" a share.

As a result, I've completely changed my plans.

I've decided not to go ahead with the extension for now. Instead, I'll save the money myself, pay for any future improvements on my own, and only think about changing ownership arrangements if and when it feels genuinely balanced.

He thinks I'm becoming transactional and keeping score.

I don't think I am.

Ironically, I feel like I've simply adopted the philosophy he introduced. If ownership is earned through risk and contribution rather than simply through being in a relationship, then I think that principle has to apply consistently to both our assets.

AIOR or feeling like I'm carrying the greater financial risk and wanting the same rules to apply equally to both of us?

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u/Specific_Sweet_7086 — 1 day ago

Have you ever used AI for financial planning or goaling? What was your prompt and were you satisfied with the result?

I recently used it to create a financial wealth blueprint and I’m pretty impressed with what it laid out for me individually and our family.

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u/Mizriss — 2 days ago

Salary Saturday - Pay/career advice weekly thread

Welcome to the "Salary Saturday" thread!

If you’re seeking advice from the sub regarding your specific situation, it belongs here. Great topics include:

  • Negotiation/pay/benefits
  • Job offers
  • Interviewing
  • Anything else related to careers, work, salaries, etc.

Bring us your burning questions!

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u/AutoModerator — 2 days ago

Separate finances 25(F) and 26 (M) and outlook for long-term compatibility

Hi everyone, I'm usually more of a reader than an active participant but wanted to share a bit of a situation and get some insight from you all.

Me and my partner are thinking of moving in together as the next. As of right, we basically live in between our two apartments, buy groceries, and share expenses when we go out and such. We began having this conversation, we both have similar outlook in terms of budget, we are both financially responsible in terms of savings, priorities/responsibilities, etc...

During moving in together talks, we talked about general yet very important questions: when shit hits the fan, what do we do? or how do we each financially contribute? In terms of contributing financially, he had said to split expenses 50/50 which I had said its okay, I also said that there is also to contribute in proportion to income since those things fluctuate over time, and it allows both parties to still have a good amount of disposable income, and he said he doesn't agree with that model because the both of us are using everything to the same extent.

For instance, if any of us losses our jobs, gets sick, and in general just life gets hard temporarily...my approach is that my commitment to this person is to support as much as I can especially when unexpected shit happens, like if you lose your job, I can have your back and cover a bigger portion of expenses while you get back on your feet. His approach is that he can do that, but if I will be paying him back? He expressed his fear of not wanting to be used like a bank (however, as he met me and as he knows me I am extremely career driven and we have had many conversations in which I have even objectively thought about my career potentials, and that even if perhaps we were to have children, and I was the breadwinner, he wouldn't have a problem staying at home or simply earning less and I also do not have a problem with that model either...so essentially none of us follows the stereotypical roles which we both like).

When he asked the question, I said, I could pay back, I mean I am not entitled to your money. He also had asked met that question of "what happens if life happens to you, what is your contingency plan? savings, parents, etc..." and I said "I have my own stuff, but I guess if there is a point where it is a situation where the financial burden will be too big to be covered by my money and I am unable to work, I guess I'd have to lean towards where I have that full support like my parents"

Interestingly, I ask him what happens during pregnancy? he made the exception and said I'd obviously take more of a caretaker role and he will go out and get the money to pay himself, the bills, and money for me as well. He does see the pregnancy and caretaking role as the job that it is which is good.

Then at some point I asked, so you don't see us ever having like any shared financial plan together? He said "we can have some joint accounts, and yes plans of purchases together obviously, but my money is my money" to which I see as okay but I don't know exactly how that plays out in real life when life simply just happens...

I guess I would like some good advice here. I am someone who comes from a good family, has always had her own money, has 2 college degrees and loves school (I am possibly going back for engineering or law school), and I am financially wise with my money, however there is a part of me that feels like this situation sounds a bit conditional? I am not sure if that's the case. I am someone who likes to see this situations logically, and feelings aside especially when the both of us understand and are aware of our family's wealth (and respect and protect what our parents have built).

I'd appreciate any insight!

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u/Grouchy_Ad1147 — 4 days ago

Wedding Gift Amount

I’m looking for advice on how much to gift when I’m traveling for a wedding. I’m attending my cousin’s wedding, so it is family, but we aren’t close. It’s over a holiday weekend and will be flying across the country - me and my partner will be spending almost $2,000 in total to attend. I’m now in my 30s and doing fine financially but am not a high earner - mid 100s in a VHCOL. Am I cheap to give $100 per person? So $200 total? In the past I’ve given $300 for a close friend and a bit more for a best friend. When another cousin got married a few years ago I gave $200 total and felt like maybe it was a bit low, but factored in the cost of flights and hotels in a major city. Travel has gotten very expensive and I also feel like wedding culture has gotten a bit out of control compared to when I got married in 2018. Am I just overthinking this?

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u/Opening-Art-1947 — 4 days ago

how far does your travel spend go?

this is mostly out of curiosity since no one i know talks about this irl — two questions:

  1. what’s your average yearly travel spend?

  2. how far does that go? feel free to include lots of detail here! some conversation starters:

  • your demographics (age, income, household size, kids or no kids, if you travel from a hub)

  • number of vacations

  • international vs domestic

  • obligatory travel (family/weddings/bach parties etc) vs just for fun

  • level from ultra budget to ultra luxury for each vacation

  • how far in advance you plan them

  • if you use points or airline/hotel cards

  • if you pay cash for any specific upgrades

  • if you pay for trip planning tools, including a travel agent

  • if you plan everything out or just wing it when you get there, and what you’ve noticed is the cost of one way or the other

  • if you pay for friends or family or if they ever pay for you

  • if you count food/shopping on a trip as part of this budget

curious about pretty much any aspect of this!! none of my friends talk about money at this level of detail but everyone online seems to be taking insanely luxurious vacations and claiming they paid little to nothing for it because “points” and that simply can’t be the vast majority of people. i know some people play the points game but there’s so many other factors that i want to hear about! and i want to hear from people who spend real money

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u/PlentyParsnip1740 — 5 days ago

Having a baby and changes in spending habits

We knew babies were expensive but man. To keep our savings rate as it was pre baby, while also spending on baby, childcare, and all the outsourced tasks so we can spend more time with baby, I really feel like I can’t spend on myself anymore. This is a phase of life that I opted into enthusiastically but I miss how carefree I was with money before. I maxed out all my investments and savings but I still had $ leftover to get facials and massages occasionally, travel was cheaper for one person so I saw family everywhere more often, and I didn’t feel guilty buying new clothes for a wedding.

Now I’m in Costco clothes but with a baby I love and feel no guilt for spending $ on.

What a change.

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u/LowFlower6956 — 4 days ago

Question, how are you handling money dynamics with retired parents?

This is just a general question, but I wanted to see if i can get some feedback on how you are handling money dynamics with your retired parents, especially if they are doing well financially?

For example- If you all go out to dinner, do you split the bill or are you expected to cover everyone because you are working? How about family gatherings, do the financial burdens fall to you or is there a shared responsibility?

Those are just a couple of questions to guide the topic, but I am totally open to hearing about other experiences or scenarios as well.

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u/Beberuth1131 — 5 days ago

How much above listed base pay can I ask for?

I’ve had two interviews for a Management role and got a call today that sounded pretty affirmative that I would be getting an offer soon.

Listed base pay is $70k + monthly/annual incentive bonuses. I confirmed in my first interview that $70k is the minimum and negotiable depending on fit/experience.

I currently make $70k and work from home with good benefits. Truly, I’m not jumping to leave it, but my effective pay increase over my 2 years is .03% and I don’t see a huge bump in my future.

I’ve kind of set my “in office” expectation at $15k, so I’m considering asking for $85k total with the hopes that I’ll approach $90k after bonuses, which would be so huge for me. Is that unreasonable? And if they were to agree to $85 or even come up to $80, would it be reasonable to ask my current job to match?

Thanks in advance

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u/rheakiefer — 4 days ago

Sick of bleeding money on cheap work clothes. What brands are actually worth the ROI?

Doing my budget for the month and realized I have spent an unhealthy amount on "work clothes" this year. I feel like part of me is that it is “justifiable” when I buy stuff for work. However, it might just be a cop-out. I am buying all this mall stuff from Target and what not, the stuff looks fine for like, three washes, and then it pills, loses its shape, what have you.

I need to do an overhaul of my spending, otherwise I am just throwing away money that I am making with my work, while spending more money on it. I really want to build out a smaller capsule and focus on actual CPW (cost per wear). Sure, I'll pay upfront for quality, but I need to know it's actually durable and comfortable enough to last more than a year or maybe even more.

Right now, the only things surviving my laundry pile are a heavy Theory blazer (which is under extreme heavy use, and probably due for a wash too, dry clean only), and this stretchy knit top from OGL. I honestly just keep wearing it every week because the fit and fabric hold up well after washing. Two items tho is not enough for my work rotation obviously. The mall stuff I want to slowly get rid of.

Where are you guys actually putting your clothing budget? Are there brands that you guys swear by (like Eileen Fisher or MM.LaFleur) actually worth the price tag? I just need staples that will last me years so I can escape the replacement cycle. Ideally, something minimal so it doesn’t really go out of style. And the quality needs to be durable.

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u/skillsdontmatter — 6 days ago

Ramit Sethi's Money for Couples Podcast Ep. 267 - Maria & Andre

"Ramit Sethi of I Will Teach You To Be Rich talks to Maria and Andre, a married couple in their 50s navigating a difficult retirement gap. Maria has built nearly $500K in net worth, a strong pension, and a clear path toward retirement. Andre, who moved from Brazil and only recently received his green card, is rebuilding his career in the United States with just $16K saved for retirement"

I thought this episode was a bit of a nothing burger. It all seemed to be based on both of them dramatically increasing their income... Soon. So why go on the podcast now?

The discussion around gender roles was interesting. I thought it was very astute of Ramit to observe that if the genders were swapped, nobody would have a problem with it.

The YouTube comments are brutal to Maria. All saying that she has unrealistic expectations from marrying an immigrant, that she's resentful for wanting him to earn more but also work less and also retire sooner (so she can have fun in her retirement!). Compared to some couples on this show they seemed pretty healthy but maybe the bar is in hell... What do you think?

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u/Brompton_on_fire — 6 days ago

financing ivf: what is the best personal loan for fertility treatment right now?

hey everyone, looking for some real financial strategy advice from this group. my partner and i are looking at starting ivf soon and our insurance covers exactly $0 of it. clinic quoted us around $25k for the first round including meds.

we have about $10k saved up in a high-yield savings account that we can pull, but we want to finance the rest so we don't completely wipe out our emergency fund.

i'm trying to figure out what the best personal loan for fertility treatment is without getting scammed by high interest rates. our credit scores are both in the mid 700s and our combined income is around $140k.

has anyone here used a standard personal loan (like sofi or lightstream) vs a specific medical/fertility lender like future family? i've heard fertility lenders sometimes bundle things nicely but their apr can be higher. also open to hearing if anyone just opened a 0% apr card and ran the numbers that way.

any insight on how you structured the debt for this would be amazing. thank you!

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u/Sudding-Mingzhu — 7 days ago

Engagement Ring Culture and Status Signaling

I don’t know what the point of this post will be other than to rant maybe.

I recently got engaged and the ring I wanted isn’t a diamond ring. I don’t really like jewelry and especially don’t really like stones and couldn’t see myself with a traditional large rock. Which then I catch myself thinking, “is this a Not like Other Girls” thing??

The minute a woman learns I’m engaged they want to see the ring, it’s so weird and uncomfortable. I loveeeeee my ring it feels so me and yet I’m embarrassed by it because it wasn’t expensive and there are so many expectations by society to get a man to get you a large expensive ring. Those just aren’t my values but I also somewhat care about social expectations.

I also learned recently that the diamond cartel De Beers put a ton of effort into marketing diamonds,

→ In 1938, the diamond cartel De Beers began a marketing campaign that would have a major impact on engagement rings. During the Great Depression of the 1930s, the price of diamonds collapsed.[30] At the same time, market research indicated that engagement rings were going out of style with the younger generation. Before World War II, only 10% of American engagement rings contained a diamond.[31] While the first phase of the marketing campaign consisted of market research, the advertising phase began in 1939. One of the first elements of this campaign was to educate the public about the 4 Cs (cut, carats, color, and clarity). In 1947 the slogan "a diamond is forever" was introduced.[32] Ultimately, the De Beers campaign sought to persuade the consumer that an engagement ring is indispensable, and that a diamond is the only acceptable stone for an engagement ring.[33] The sales of diamonds in the United States rose from $23 million to $2.1 billion between 1939 and 1979.[34]

→ The idea that a man should spend a significant fraction of his annual income for an engagement ring originated from De Beers marketing materials in the mid-20th century in an effort to increase the sale of diamonds. In the 1930s, they suggested that a man should spend the equivalent of one month's income in the engagement ring.[41] In the 1980s, they suggested that he should spend two months' income on it (three months in Japan).[31][34] In 2012, the average cost of an engagement ring in the US as reported by the industry was US$4,000.

→ In the early 21st century, the jewellery industry started marketing engagement rings for men under the name "mangagement rings".

I love money. Very few things would successfully part me from $4,000. A beautiful rock is not one of those things. Especially when it’s been marketing campaigns that convinced us it’s an indispensable marker of love. Yet I can’t fully embrace and stand by my position comfortably.

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u/prprr — 5 days ago

Off-Topic Tuesday

Welcome back to "Off-Topic Tuesday", followed by "Workplace Wednesday" tomorrow!

As always, anything and everything finance and non-finance related is welcome here. Feel free to vent, seek advice, discuss current events, or share a little about yourself. :)

If you haven't already heard - we're mixing it up a little bit here on the OT thread. Continue to feel free to post your own prompt/question below (just one per comment), and answer prompts from others!

*** You may have noticed a recent uptick in spam posts, please report them as you see them. It takes 3 reports to flag a post for mod review. Thank you to everyone already reporting!

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u/samshine1 — 6 days ago

Workplace Wednesday - Career/work advice weekly thread

Welcome back to the “Workplace Wednesday” thread!

If you’re seeking advice from the sub regarding your specific situation, whether it’s about interviewing/benefits/negotiating/advancement opportunities, etc., it belongs here.

Bring us your burning questions!

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u/AutoModerator — 5 days ago

Best books on personal finance for young woman who has never made a budget?

Hello! I graduated from college a year ago. I spent a bit recklessly, and even though I live with my parents and haven't faced any consequences, I want it to get it under control. I really want to move out soon, and I've recognized that I haven't saved as much as I should.

What I can read that will gently introduce me to this stuff lol

It doesn't have to be a book either. Any non serialized resource would be great!

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u/AndromedasApricot — 6 days ago