The Ramsey Show Highlights
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What Is The Process For Combining Finances After You Get Married?
What Is The Process For Combining Finances After You Get Married?
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31 comments
When my partner and I combined our finances, we went through all the basics—bank accounts, credit cards—but we soon realized we also needed to talk about things like our investment portfolios
How do I write into the show? My situation is complicated.
Marriage is a big risk for women too, something the incels don't get (or care about). Women- remember, if a man doesn't trust you to combine finances (only exception if you have a spending problem), don't marry him or date him long term. And don't waste more than 3 years dating if he doesn't marry you…..and if he treats you like a roommate while dating ("50/50" etc) then do not treat him like a partner. Lots of nice seeming men who are happy to take take take, and no their nice personality isn't worth wasting your 20's, 30's, having kids with the wrong guy and neglecting your mental, physical and financial health for. Men, even the nicest seeming ones, are different than us and they show care through taking care of the women they love through tangible investments and care and they KNOW $ is part of that. But the duds will use all the excuse in the book and pretend to be male feminists etc – don't fall for it because they will change their tune when they're dating someone they actually really want to marry. Some men want to be half in and that's not what is good for you, especially since many women are all in so don't run yourself into the ground for a boy because you want to feel progressive and are overexaggerating how great he is because you're a sweet loving woman. Once your kids come (if you want them) then it will be extremely obvious how insufficient his progressive seeming selfishness is.
Nah, too young, JMHO. Either way, he sounds like he needs a mother figure in the form of a wife 😂
These guys make me want to not get married.
My fiance said that a 30k dollar wedding is an investment
And shes a Christian
And im trying to save up for a house
But guess who gets to pay for this soecial day ?
If you can not have an open communication on all topics including financial plans with your fiance do not get married. If you can not trust each other to share a bank account do not get married. If two people work together with same goals it is a powerful thing.
Dave!!— don’t confuse poor communication with feminism. PLEASE. We have a hard enough time as it is. 🙏🏻☮️
Only power couples should combine their finances after getting married. If he makes 35,000/yr and she makes 80,000/yr, he can get greedy and clean out the account right befor filing for divorce when or if he decides he loves money more than her.
My wife and I shared everything from Day 1. Still happily married 42 years later 🙂
What about taxes? How do we set up our W4 and withholdings? What's the difference between filling jointly and separate.
It would've been a decent video if Dave wouldn't cut her, so much for relationship advice
"women need to have their voice" as he continually interrupts the co-host…
Okay so here’s how you do it. Open a bank account with both your names on it. Then move your money to said bank account. Crazy right?
Another one bites the dust.
I clicked on this clip to get genuin advise on the process and heard 1 point (join accounts) and everything else was rants. Change the title to Dave's rants, no advice.
Its okay to have separate finances. There are solid reasons to do it.
People love money more than their partners
Absolutely have a joint bank account. However! If your spouse is bad at math, it is perfectly fine to also get 2 additional separate accounts for "fun money" on toys like her nails, his video games, etc. That way you both can easily see "ah I cannot afford to by all this stuff becuase I already spent our allotted budget on wants"
I think Ramsey Philosophy does not take into account the Moral Hazard that situations like this could create.
If a person knows that they aren't going to be the one to carry the burden of their future debt and they don't care if their spouse ends up working till they are 80, what stops them from running up a whole lot of debt or choosing not to pay down a portion of their debts before marriage?
"Our debt" 😂😂😂. Please.
Oh my lady …. Why you interrupt Dave all the time…
It REALLY irritates me how Dave sits there with his arms folded across his chest, hands tucked under his armpits!!! So disrespectful to the viewer to sit like that.
Wow preschool teacher only makes $12,000
If Jesus is in the relationship, he better be contributing to the joint account.
When married do you put all 401k accounts under names?
It was my husband decision that we have a joint account and I have a separate account. And it works well for us.
Red Flag, Stay out of bad debt, and get a prenuptial agreement. Dave doesn't talk about emotional women divorcing. Dave if you have wealth and marry a slightly feminist woman. Be prepared to share 50/50 with no fault marriage. Don't get hurt because you signed up for your losses.
The problem is most women are great at decieving men if your getting married after 30 and they have kids and xes and a past you will put that ring in then find out there 60 grand in the hole dint do it men ..
Key message: "We value saving, we value generosity, we value investing. We value spending money on X or Y as a couple. My spouse values Z and I love my spouse so I value my spouse having Z." Couples need to discuss their values and reflect those values in their budget.
Marriage and money are mutually exclusive concepts. Please don't combine your finances with anyone. The only time you should transfer your money to someone is when you make a will and you know that you are going to die.