Evolving Personal Finance » Entries tagged with "partial-pooling"
What Constitutes Joint or Separate Finances?
I got into a (very polite) disagreement with Grayson from Debt Roundup in the comments section of his recent post, which argues that married couples should keep separate finances. (His post was in response to a recent debate Holly from Club Thrifty engaged in regarding joint finances – in print and on TV.) My position was that Grayson does not actually keep separate finances in his marriage because he and his wife have a joint … Read entire article »
Filed under: marriage
Long-Distance Marriage: Money Management
This is the second installment of our series on financially navigating a long-distance marriage. Check out the first installment and come back on subsequent Wednesdays for the third and fourth! The questions I asked about money management logistics were the ones that I was most interested in. My bias here is that Kyle and I keep totally joint money (both in the names on our accounts and how we think of them), but I wondered whether … Read entire article »
Money Management Systems Visualized
There are three basic money management systems that couples use: pooling, partial pooling, and independent. Those are the academic terms – I prefer to refer to them as joint, partly joint and partly separate, and separate. In this post I have visualizations of each of these money management styles, plus a variation of joint that I call joint with allowances. The main distinctions among the styles are into what type of account (joint or individual) … Read entire article »
Filed under: budgeting
Joint and Separate Money Series: Individualized Marriage and Money Management
This is the second installment of a series probing the issue of joint vs. separate money in marital and cohabiting relationships, inspired by the great discussion in the comments of my slippery slope of separate money post. In each post in this series, I review the methodology and major findings of a paper in the field and then discuss how my husband and I fit into the results. I encourage you to share your reactions … Read entire article »
Filed under: marriage, the literature
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