Message Font: Serif | Sans-Serif
No. of Recommendations: 0

Your first plan sounds exactly like what I'd like to do with my fiance's and my money when we get married. And I also like your revised version.

My "burning" question is this: what do you do about car payments/purchases and insurance? My fiance and I make roughly the same amount. He just bought a car, and he's handling the payments solo. But I anticipate needing a new car in about 5 years, and this car will more than likely be somewhat more expensive than his (he bought an economy car, whereas the car we'll replace is more of a mid-range). I've already put a hefty chunk of change into a CD that is earmarked for the new car, and my goal is to pay for it in cash. But inevitably it will be the "family" car when we have kids, etc. Since he doesn't drive my car very often, should we split the cost? Should I help him out with his car now in anticipation of him helping me out with "mine"? And should car insurance be lumped in with other joint expenses/bills? I've been mulling this over and just can't seem to come up with a good solution.
Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.