(no subject)

[suspectclass]

My boyfriend is set to receive a small inheritance within the next month or so. We're not sure of the exact amount since its coming from a house sale and closing costs, funeral expenses and taxes are all unknown factors, but it should be around $25,000-$30,000.

The bulk of this money is going to go towards paying off his credit card debt, which is a whopping $15,000. This was mostly accumulated a few years ago when the company he was working at went under and he was left jobless for a few months. But the debt has grown since then because, well, he has a tendancy to buy what he wants when he wants it. This is very different from my relationship with money-I tend to put off purchases and need to have a "rainy day" fund in the bank.

here's my conundrum: Is it my place to say anything about what he does with the rest of the money? On one hand, we've been living together for about 7-8 months and although we're not officially engaged, marriage is spoken of between us as an inevitability. But on the other, we _aren't_ married, so it is still just his money. He's not some completely irresponsible guy or anything, but he might spend the money without realizing it, and then its all gone. Right now I manage the bills in the house because he has a tendancy to forget about them.

What I want is for him to put some of the money away, either in investments or savings, where he won't be tempted to spend it. But I'm not sure how much of a right I have to an opinion here. Any thoughts?

I can't help it, I read the Smith Alumnae Forum. Someone posted today asking about advising her boyfriend to invest part of some windfall money he's getting. Two people have responded to this, both women married to men, who said that because the poster is not married to her boyfriend, she can't say anything to him about his money. Maybe if it comes up in casual conversation she can mention IRAs or something.

What? What is this? How do two people who live together in a committed relationship and share expenses not have any leeway to talk about finances and spending habits just because they don't have a legal contract? Is this that whole "I can't get married so I don't realize that people actually use it as an arbiter of commitment" thing?

Comments

[zevinboots.livejournal.com]

Honestly, I think her dilemma is a perfectly valid one. She's not saying "Nobody has the right to discuss finances if they aren't married." But clearly, to HER:

1. marriage, and only marriage, implies joint finances, and

2. while their finances remain separate, she isn't sure whether it's her place to suggest what he do with his money

I think (1) is a very personal thing. I certainly associate marriage with joint finances (which is a different thing than sharing expenses). However, in my mind, a marriage may or may not be legally sanctioned. I know any number of queer people who have gotten married, and for that matter, straight people who choose not to. Usually, from what I know, marriage (whether legally-sanctioned or not) is the point at which the finances merge, so I don't think her situation is unusual.

(2) makes her dilemma understandable, I think. Money issues are tricky business, and failing to negotiate this territory carefully often results in the breakdown of a relationship. Talking about sharing the grocery bill or splitting rent is not even close to being the minefield that is discussing his spending habits, particularly since she seems to view him as being a bit of a spendthrift. Also, he was unemployed a few years back, which is most likely going to be something about which he is insecure. Bringing any or all of this up in the wrong way is a recipe for disaster, in my opinion.

Yet, what he does with his money now does affect what he brings to their joint finances, and his spending habits are unlikely to change, so if they're planning to get married and merge finances, then they probably should talk.

I'm not saying the conversation can't happen. I'm saying it's going to be difficult, and I think it's perfectly reasonable that she's going through some angst about this.

[masscooper.livejournal.com]

Oh yeah, I think her angst is totally reasonable. What I thought was unreasonable was people saying "no, you're not married, you can't talk to him about it." This is totally a touchy subject, and of course she should be careful.

And I get your point about marriage, but something tells me they're not talking about it in the way that you are (or the way I would understand it).

Sometimes I feel really really queer on that forum.

[zevinboots.livejournal.com]

Sometimes I feel really really queer on that forum.

Or, like, the only one who didn't shed off the queer after the requisite four years? *grin*

[masscooper.livejournal.com]

I don't know about that, I mean, I think most of the people in question were pretty straight in college, too, but there's definitely the expectation that people will, at least on certain topics. It's so weird.