Here's our second post in the short series on money and marriage.
Suze Orman lists here three money vows "all couples need to exchange and embrace". They are:
1. No matter who earns what, we will equally share all money decisions.
2. We will be financially intimate and still retain our own financial identities.
3. We love each other so much, we will have a prenup agreement.
Ok, I was with her until that last one. She makes a good case for it, but for me it just sows seeds of distrust even before you are married. Read the article for yourself and see what you think.
I'm kinda on the fence. My wife and I don't have a pre-nup, but I would've been open to one even if she had more money. I didn't care either way. I think it'd be an interesting idea for a simple one to be mandatory for everyone getting a marriage license. That way you won't have to be the one to "bring it up".
Posted by: Jonathan | August 11, 2005 at 06:31 PM
Dude, how do you post so much?! =) 7 posts just so far today? I can't keep up!
Posted by: Jonathan | August 11, 2005 at 06:33 PM
Ok I am wiht you on that I like the first two but the prenup is too much unless you are some millionarie, I dont know about you but i ma just a poor kid graduating college try to make a good lay ok with God.
Posted by: Crazy_Dan | August 11, 2005 at 06:36 PM
My advice: get a prenup. The best insurance you can buy.
There is a 50% chance you will need it :)
Marriage and love have nothing to do with each other.
Marriage is about providing a finantial framework and finantial security to each other.
If it was just about love... then you would not need a legal contract, would you?
Make a prenup. The prenup can specify whatever you want the prenup to specify. You can also specify how you will manage finances in marriage (something most people haven't thought about)
I specifically offered to pay a severance package to my now wife if she had stayed with me for more than five years and we had to divorce.
Posted by: Jose | August 12, 2005 at 06:52 AM