Money Matters Monday - The Secret Stash!

For this week's Money Matters Monday I want to uncover one of the biggest delimmas in a new marriage - Should a married couple have a joint account, separate accounts, or both?

**Warning I am not married and am therefore not attempting to give marital advice. If you are seeking marital advice I suggest you seek a liscensed professional. I am simply a single woman speaking from my own prosepective.

When two become one it seems like both lives should just merge perfectly together... but it doesn't quite work that way. It's actually very difficult to merge two individuals even if they're in love. When you're young and dumb you think love can conquer all and solve anything! But when you wake up and the real world smacks you in the face you realize that joining two lives is not as simple as jumping over a broom. You wind up with two couches, two blenders, two t.v.s and two bank accounts. And you'll probably end up fighting over whose is better and whether to keep both or pick one. But when it comes to finances should we merge our money? There are three different approaches you can take to marriage and money. You can either get a joint account, maintain your seperate accounts, or keep a secret stash!

Ideally speaking, once you put those rings on, there should be no more I and everything should become we. Having seperate accounts suggests that you are still individuals and not in the marriage together. If you're going to share your life together, you should be able to share a bank account and manage your funds together. Besides, when you get married you have joint expenses (like rent and stuff for the kids) so you might as well have a joint account.

Though I am always a fan of joint accounts, it makes me a little nervous to say throw it all in the pot. When you hear those stories about romances gone wrong and women being thrown out on the street without a dime to their name.... kinda makes you think twice! Even though marriage is supposed to be "happily ever after" in the back of your mind sometimes you have to think about the what ifs. What if he goes crazy and leaves me after I've invested all my time, money, and child-bearing hips? What if she changes after we get married? What if this just doesn't work out??? I hate to plan for the divorce while planning for the wedding, but if you keep your money seperate from the beginning it does make things easier if you do have to plan for the what ifs. But if you decide to both have seperate accounts at least it keeps things fair.

The third choice is not one that I recommend for a healthy marriage! But I had to mention it. ;) You could always have a joint account with your spouse and have your own secret stash somewhere that they don't know about. Money is a touchy subject though and is often at the root of most divorces so do not opt for this choice! Having your own secret stash could be handy when you want something that doesn't necessarily fit into the "household budget", but just remember that secrets always come out. What's done in the dark will come to the light. When your spouse wonders where you got the money for that new flat screen tv or those new Louboutins you'll have some explaining to do!

Financial guru Suze Orman suggests that new couples keep everything seperate until they clear up the debt they brought into the relationship. New couples often have school loans, credit card debt, and many more financial woes especially after spending thousands on a wedding. Take some time to put a dent in your individual debt and then once you become what Orman calls "more financially intimate" with each other, then maybe you can put all your gold in one pot. (Financially intimate = get to know how they manage money, their spending habits, etc.)

Whatever you decide, the important thing to do is communicate. You've got to be on one accord and talk about what works best for the two of you because every couple is different. In the end you may find that a Yours, Mine & Ours approach may work. That way you use the joint account for joint expenses like rent or lunch money for the kids and allot a certain amount to go towards your seperate accounts for personal splurges like haircuts and nail appointments. Just find a financial plan that works and try not to fight about it!

For help managing your funds (joint or seperate) check out Mint, the free way to manage all of your financial accounts!

Going the Distance - Movie Review

My sister and I recently picked up Going The Distance with Drew Barrymore and Justin Long as our Redbox chick flick of choice. Drew Barrymore comes from a family of movie stars and was a child star turned adult actess, but is most famous for her roles in E.T., Never Been Kissed, and Ever After. Justin Long is known as the jerk who eventually falls in love in the movie He's Just Not That Into You, but also starred in Alivin and the Chipmunks and The Break Up.

According to the Internet Movie Database (IMDb), this movie is "a romantic comedy centered on a guy and a gal who try to keep their love alive as they shuttle back and forth between New York and San Francisco to see one another".  This movie begins with a random hook up between two adult strangers, but when Drew Barrymore's character reveals that she is only in town for short time, the two decide to leave it at that. Of course that is always easier said than done. They start off atempting to keep it casual, but eventually begin dating and attempt to "go the distance". The two did as we all do when starting a long distance relationship - 'I'll be here and you'll be there and we'll make it work'. They texted, talked on the phone, video-chatted, and made those cross-country flights to see each other in attempts to 'make it work'.

This movie takes you through the emotional rollercoaster that is the long-distance relationship as you hope for things to work out but secretly know they won't. The movie finally gets to a point where the relationship ends like most long distance relationships - with tears and sad goodbyes. They both knew they had something great, but couldn't continue on. Of course it was a movie so they end up together... lol

And now enough description, on to the review! The movie was very crazy. I initially was confused as to why it was rated R. But soon and very soon I discovered the graphic nature of the movie. I wasn't expecting them to show as much as they did and to drop as many F-bombs as they did, but that did warrant the R-rating. But aside from the craziness and random debauchary, Going The Distance was a pretty good movie. It had its funny moments and had its romantic moments so overall it was a good romantic comedy. I like Drew Berrymore and Justin Long and Christina Applegate (who plays Barrymore's sister). And the real-life romance between the two helps as the chemistry shines through on both parts. So the next time you need a movie for a buck per day, just check out Going The Distance, but be sure there are no kids around!




"Absence is to love as wind is to fire; it extinguishes the small and kindles the great."
-Roger de Bussy-Rabutin
 
For other posts on long distance relationships click here!

Money Matters Monday: Pump or Pay?

Is chivalry dead? And if it is, do we care??? Should a man pump and/or pay for gas? Does it matter anymore?

In this day and age, women are becoming more independent in heterosexual relationships and most couples share duties and responsibilities (or at least attempt to do so). Independent women across the world and specifically in America, are now learning to do things on their own that were once considered men's chores.

Take out the trash. Kill the bugs. Wash the cars. Pump the gas. We have asked so much of men in exchange for a few home-cooked meals and a clean house. We have asked them to do all of the dirty, grimy jobs because we were previously considered weak, dainty, and frail. But now words like strong and powerful are being associated with females as well as males. We are finding our strength in many aspects of our lives, but are there still some things that we expect a man to do?

My childhood upbringing tells me that the man in the relationship should always pump AND pay for the gas whenever present. I grew up with pretty conservative, traditional ideals, but the older I get, the more I lean towards a more liberal view on traditional male and female roles. And experiencing life as a single, black female in my twenties is teaching me to do things on my own. Learning to live life without leaning on my parents or a man has lead me to merge my traditional values with my recent feminist beliefs.

As far as pumping goes, I think that it would be nice and respectful for any man (cousin, brother, boyfriend, or dad) to pump gas for a lady, especially in the colder winter months. This tradition originally began because gas pumps were not as user-friendly as they are now. But I think it's still nice.

In terms of who should pay for the gas when dating, it depends. I would like to say that the man pays every time (because I'm a woman), but that's just unfair and unreasonable for any man. If it's my car and I am the one driving it, then I should not expect you to pay just because you happen to be riding in the car with me when I need to fill up. That's a little rude. BUT if you are borrowing my car or we are running earrands for you, you should AT LEAST offer to pay for gas. I don't know if anyone has noticed but gas is expensive nowadays!

According to AAA's Daily Fuel Gauge Report, the national average for gas prices is $3.04 for regular. The national average was $2.86 a month ago and $2.59 just a year ago. Meanwhile, I remember when it was only 99 cents. Gas prices reached $4.11 in 2008! If I'm taking you to work and to your mama's house and everywhere else you need to go, these favors don't come cheap. I also think it's only fair to offer gas money when someone has had to travel a long distance for a date or visit. But that should go for both men and women.

Comments from Fluther.com:

Your girlfriend is driving the car. Who pumps the gas?

In my case, it would be my wife driving the car and it would be me getting out to pump the gas.

A. Because it is the gentlemanly thing to do
B. The gas is going on my debit card anyway and it’s in my wallet
C. Refer to answer ‘A’

I can pump my own gas, thanks. Seriously though, bring me sour patch watermelons and a sour cherry slurpee. One of those metal straws that get super cold is a bonus. =]


If the tank is on the passenger side i will think about it (depending on my money situation) if not then i just sit there and wait, maybe go inside to get her a drink or something.

Here's what you said on Facebook!

SBC: If I am driving and a man is in the car, then he should pump the gas at the station.

Money Matters Monday: When 2 Become 1

While I am not quite ready for marriage... I do like to occassionally get my ducks in a row (or at least think about doing so) in the meantime. For the Money Matters Monday segment I want to focus on money and relationships. When it comes to love and loot, Are you Financially ready to join another person?

When you're single, you can be as frivolous with money as you want. Go out to eat all you want. Buy those fabulous pairs of shoes and the matching handbags. You can loan money to friends and you can basically live month to month, paycheck to paycheck without concern for saving for the future. But if you have any plans for co-habitating, getting married, or having a family in the future you may want to consider some financial planning.

Knowing where you stand in terms of fiscal fitness will help with your relationship because you will be well-equipped to join forces with another person if you plan for that future now. You may be dating someone now or you may be single, but either way when the time comes for you to buy a house, plan a wedding, have kids, and send those kids to college, you want to be financially able to do so. One of my favorite sayings is, if you fail to plan, you plan to fail.

It would be beneficial to have an emergency fund for a rainy day, a retirement fund, or at least a savings account. Years fly by and before you know it you look up and you are at the stage in your life that you remember only dreaming about. Even if you don't think you want to get married or have kids, wouldn't it be better to just save up for these things just in case they happen?

If, for instance, a couple began saving just $50 each per month six months into the relationship and dated for five and a half years before getting engaged, they would have $6000 saved for a wedding. Personally, I don't think weddings should cost that much, but the average wedding cost is estimated between $14,868 and $24,476 (excluding the cost for engagement rings and a honeymoon)!

And don't forget about kids! About half of Americans choose to have children and about half do not, but if you do decide to have children, that also impacts your finances. Raising a kid from birth to age 18 will cost an estimated $178,590! And that is not including the cost of college.

While getting married and having kids may not sound like financial decisions they are actually all dollars and cents (and love and emotion lol). So take some time to plan ahead! Depending on what stage in your life you are currently, your financial plan and goals will vary, but just make sure you put a plan in action. Don't just stop there, actually follow through!

There are 5 Main Steps in the Financial Planning Process (Kewon, 2007)

1. Evaluate Your Financial Health
2. Define Your Financial Goals
3. Develop a Plan of Action
4. Implement Your Plan
5. Review Your Progress, Reevaluate, and Revise Your Plan

The Unhappy Un-Anniversary

So what do you do when a certain day of the year comes around and you suddenly remember that it used to be significant? You're just walking around all day remembering that date... but that date that was once so special is now just another day. . .

Gotta fix that calendar I have
That's marked July 15th
Because since there's no more you
There's no more anniversary

    - Ne-yo, "So Sick" lyrics

Forgetting the date is better than remembering the date. Remembering the date makes the whole day one big depressing re-run. You end up just walking around aimlessly angry at every happy couple. The key to making it through this day is to try to remember to forget it. But if you can't seem to avoid calendars and other reminders, just live in the depression. It can be purifying to allow yourself to feel these emotions. Call your best friend and tell them what the day is or was and what it means to you and how it makes you feel. Get those thoughts outside of your head and that could be just the cure for your heartache. Sometimes when you're going through a break up you don't really mourn the relationship because you're trying to convince yourself you're okay and "happy" being single. But when the anniversary rolls around you remember that you haven't had a chance to feel your feelings. So take this day and allow yourself to be all in your feelings.

But don't wallow too long! You can't allow the sadness to affect your overall state of mind. He who angers you, controls you. It is very important to move on and not let this one date on the calendar affect your whole day. Don't spend the day wondering what they're doing, what they're thinking and if they're hurting like you are. Instead, try to distract yourself from this day. Do what you normally do or do something new and exciting! Just make sure you have a good day and most of all, RELAX.

Relationships are hard and break-ups are harder and sometimes it can take you longer than you'd expect to get over someone. Someone once said it takes half the length of the relationship to get over your ex. So if you were together for four years it could take two years to fully recover! That seems like a really long time so in the meantime, you just have to be patient with yourself. Be understanding when it gets a little difficult. Just have a strong support system of friends and family who can help you remember that everything happens for a reason.

Top Ten Things Not to do on your Un-Anniversary

1. Take long walks near bridges
2. Watch Romantic Comedies
3. Hang out with friends who are in relationships
4. Drunk dial your ex
5. Drunk text your ex
6. Flip through old pictures from the "good times"
7. Go on a shopping spree that you can't afford
8. Stuff your face with chocolate and ice cream
9. Go on a first date
10. Facebook stalk your ex and/or their new boo

Here's what you said on Facebook!

SIV:   What do you do when your ex-anniversary comes around...? How do you handle it?

JB:     text him and say happy friendaversary :)
AW:   Go out. get trashed. & never look back <3.

Love is for Losers!

Do you ever just get to the point where you are just tired of the whole idea of love?

Well I do! I feel like we go through the ups and downs of these emotional roller coasters of love and sometimes it can really be exhausting. Your heart is a muscle afterall so I believe that all of the stress and strain that we place on it in the process of love can possibly wear it out.

 We go through so much in relationships sometimes and we don't allow ourselves time to heal and repair. Our hearts are much more fragile than we think. I know that just talking with my best friends about their guy problems hurts my heart, so surely it must be that much worse when you're going through it.

Because of all of the ups and downs that relationships (and non-relationships) put you through, it becomes difficult to make it through your day to day with a heavy heart of hurt. I sometimes find myself just angry at those who are in happy relationships because of all of my heart hurt. Sometimes you just get to a point where you're just like "Booooo love!" in the words of one of my dear friends. Lol

It seems like everywhere I turn there's some happy-go-lucky couple with their kissy-face profile pics or some overly excited girlfriend talking about how much she misses her boo when she just saw him earlier that day! And don't even get me started on romantic comedies. Now don't get me wrong, I love me some rom-coms but sometimes when I'm in one of those love-is-for-losers moods, I just want to hurl the remote at the tv screen!

 I have come to the conclusion that I am just going to have to take this time to get to know myself. I don't even have the energy to fall or be in love right now. I'm so focused on me that I cannot even concern myself with another person. So for now, this hopeless romantic will just not be in the mood for sappy "love".

Love is for Losers! Rom Coms to avoid:

• The Notebook
• When Harry Met Sally
• You've Got Mail
• Sleepless in Seattle
• Bridget Jones's Diary
• Notting Hill
• Titanic

The Infamous First Date

Butterflies in the stomach. What to do? What to wear? What to say?
If you're nervous all day long, it must be your first date.

First dates are few and far between nowadays. With things like online dating and speed dating taking over, the traditional "first date" is not something you see too much of. But when you are lucky enough to be asked out on a traditional first date, all of the technology in the world can't save you from those same feelings people have been feeling for centuries. The whole idea of a "first date" with someone is nerve-wrecking because you have this whole concept of what it means to you, but you're not quite sure if the other person is thinking the same thing.

What to Do

Be prepared to pay. Proper dining etiquette says that whoever invites the other person out should pay, but everyone may not know or follow that rule. Always bring enough money to pay for your half of the meal and anything else you might need. Drive or have transportation available. It's quite romantic and chivalrous for a man to drive you on the first date, but you should make sure that you have access to a car or some way to get home if things don't go as well as planned. If you meet at the restaurant and the guy turns out to be a jerk you can text a friend to call in an emergency and suddenly "have to leave". But if you ride with him you'll have to stick it out.

What to Wear

There is always the pressure of dressing to impress. But if you dress up you run the risk of being too overdressed if they're just chillin in jeans and a t-shirt. And the opposite is true if you dress down and end up at a fancy restaurant. What to wear really depends on where you're going, but the key to looking nice is to not dress too sexy. When you try to imitate the magazines it can end up looking more sexy-slutty than sexy-classy. If you're going to a fancy restaurant you can't go wrong with the traditional LBD (little black dress). And if you're going out on a more casual dinner and a movie go for a nice pair of jeans and a nice top.

What to Say

General conversation is good for a first date, but try to move beyond the surface. Have a meaningful conversation. Ask questions about their life, their likes and dislikes and actually listen to the answers. It's okay to talk about yourself, but be sure to balance talking about yourself too much. Be attentive and show that you're interested. The only thing that's off limits on a first date is any talk about the exes. It's just too soon! Share, but don't share too much information. Always leave room for a little mystery for the second date. The most important thing, though, is to just be yourself and have a good time.

First Date Dos & Don'ts

Do...

Make Eye Contact

Give Compliments

Laugh at Their Jokes

Give a Confirmation Call

Don't...

Talk on the Phone

Be Late

Talk too Closely

Be too Aggressive or direct