I don't know if I've blogged about this before, but the concept of "our money" in terms of people in relationships disturbs and complexes me. That whole thing of pooling all the money you've got together as a couple into one big pool that all expenses come out of, I just don't get how you aren't setting yourself up for massive problems in the future with this sort of set up.
So many times I've heard at work and elsewhere about how some is in trouble, or is going to be in trouble with their respective partners because they have bought something for themselves or want to make a massive purchase out of the "our money" pool , and then everyone chimes in with their stories about misfortunes with the "our money" and a lot of them seem to be big sticky sore points with a lot of people.
People are shocked when I tell them how long I've been together with astro and how we don't have an "our money" system. A concensus is that if you are together for around 2 to 3 years you must adhere to this system, what tha? It is weird you know cause astro and I never ever fight about money, sure we (as in me) might tease the other about spending our last bit of cash on stupah, but we have never got to the point of "I can't believe you spent $300+ on a handbag/computer part, how are we going to eat and pay rent now?" kind of situation. I think we work it pretty well, we split all costs, if someone wants to buy a present for the other there is no expectation that anything is ever coming back the other way, if we go out to dinner and one person pays we either take stock and return the favour in the near future or we just forget it, actually when it comes to dinners that aren't a special occasion and it is really expensive, we always sort each other out at a later day, if it is something like $60 total than its no biggie, that is the cost of having fun in a relationship.
If we are going to make a giant purchase together, either one person pays for it all or we go halves, this has changed slightly as we have gotten older, and we pretty much go halves in everything furniture/appliance wise, and if the other person isn't into that much than no biggie, we just don't get it, or we pay for it ourselves, none of this guilting each other into getting something, or making promises of buying Y in the future if we buy X now, or acting like a big baby until the other one can't stand it anymore and buys you the gift, what kind of relationship is that?
I think I can understand the our money thing a bit better once people are married, I mean you are suppose to be together forever right? So pooling your money then for a house or new car or whatever sort of makes sense, but unless you are comfortable contributing all your earnings into a pool for the other to spend at their will, you are always going to hold resentment.
I think the our money thing seems to hit major problems when one person earns a lot more money than the other, yet the lessor earner spends just as much of that hard earned on stuff for them personally. Like a friend at work, she earns good money, her boyfriend is a forklift driver, they do the "our money" thing but he is always wanting to buy things for himself, music equipment, a mountain bike, expensive camera equipment, stuff that is only for himself. They don't have a lot of spare cash after there massive rent fork out (they pay $550 a week) and good time lifestyle they have, so its a massive issue for them. She ended up letting him get the push bike, which he used for about 4 months, was gathering dust for another 3 months, and then he lent it to his friend to have, which she sees as probably never getting it back now. But instead of letting it go she'll buy clothes, other little knick knacks, and if he ever complains she'll always point back to that bike (one of many examples) and justify her purchases that way, tit for tat is not exactly a great way of handling a couples personal finances is it?
I think I might come back and write more on this one, there are steps you can take to overcome these problems, just depends how far down the rabbit hole you have gone with this one.