Comments on: Are You In The (Financial) Loop?

By: Organize Financial Accounts

Organize Financial Accounts — Mon, 21 Jan 2008 18:53:17 +0000

[...] Are You In The (Financial) Loop? – Clever Dude [...]

By: Everything Finance

Everything Finance — Fri, 02 Nov 2007 12:41:14 +0000

Carnival of Everything Finance: # 6 Edition…

Welcome to the November 2nd, 2007 Edition of Carnival of Everything Finance.We had over 80 really good articles submitted for this edition.Editor favorites have a “…

By: Weekly Roundup - Stumbling Along Edition | Cash Money Life

Weekly Roundup - Stumbling Along Edition | Cash Money Life — Sat, 20 Oct 2007 12:17:19 +0000

[...] Are You in the Financial Loop? – Clever Dude. This is a great article that everyone who shares any financial accounts with anyone else should read. [...]

By: Mr. DebtBeater

Mr. DebtBeater — Fri, 19 Oct 2007 18:14:54 +0000

I actually have a spouse that doesn’t want anything to do with the finances outside of “just tell me what I’m allowed to spend this week”. We have a very trusting relationship and rely on that, but the example scenario of the guy in a coma is exactly the reason why I print out our budget for the next few months out and tape it to a wall every month.

Granted, she doesn’t like computers much and would go back to writing checks if she had to do it all…she would at least be able to keep up with bills as the statements came in and follow our 3-months-out budget as close as she could.

Frankly, I’d rather be in a scenario where I had enough money in the bank to where I could just set up automatic payments for everything and not have to worry about being on time every month.

By: Tim

Tim — Fri, 19 Oct 2007 17:56:48 +0000

i keep hounding my wife to start being involved in the finances. she is good about saving and when we were living in separate cities, she managed her own finances fine. Now that we are together again, she doesn’t want to do them. Fortunately/unfortunately, we are going to be living apart again, so she will be forced to manage finances again.

By: Shawn

Shawn — Fri, 19 Oct 2007 16:54:32 +0000

@Dee

Hopefully, you can trust the person you marry to not do something like this, but by having both parties involved, it does provide for some checks and balances.

By: Dee

Dee — Fri, 19 Oct 2007 16:52:25 +0000

Good post.

Just yesterday I was watching Oprah and there was a man who was making $100k, but his wife had spent all of their money, they didn’t have health insurance for the children, and they were hundreds of thousands of dollars in debt–and the husband didn’t know.

By: Finance and Fat

Finance and Fat — Fri, 19 Oct 2007 15:32:35 +0000

Good point! I make this exact mistake! I run all of the online payments and manage the monthly budget. I need to start sharing. Thanks for the great post.

By: Laura

Laura — Fri, 19 Oct 2007 15:21:35 +0000

I seem to be by default to do the finances, butI let my husband know when bils have been paid and how much they were. He also checks occasionally and if there’s an expense he didn’t know about, I’ll show the receipt. We’re both pretty responsible with money and we don’t make large purchases (over $100 w/o consulting the other first).

We’re still in our first year, so we don’t know how/if it will change. So far, so good.

By: Shawn

Shawn — Fri, 19 Oct 2007 14:03:36 +0000

We used to do all of our banking through a credit union, and their online bill pay sucked (and they charged for it). Because of this, I used direct debit where I could for all of our bills. For the others, I just go to their site and pay there.

We just switched to SunTrust, and their online bill pay looks pretty good. Because of this, I might just switch to putting everything there. It would definitely be more convenient to only have to go to one place to pay all of the bills.