Sharing Finances

Yesterday as I was reading some jokes, I came across this one and found it funny and serious at the same time, so I decided to write something about.

Sharing Finance Information Lesson:

A man is getting into the shower just as his wife is finishing up her shower, when the doorbell rings. The wife quickly wraps herself in a towel and runs downstairs.

When she opens the door, there stands Bob, the next-door neighbor. Before she says a word, Bob says, “I’ll give you $800 to drop that towel.” After thinking for a moment, the woman drops her towel and stands naked in front of Bob. After a few seconds, Bob hands her $800 and leaves.

The woman wraps back up in the towel and goes back upstairs. When she gets to the bathroom, her husband asks, “Who was that?” “It was Bob the next door neighbor,” she replies. “Great!” the husband says, “did he say anything about the $800 he owes me?”

Moral of the story: If you share critical information pertaining to credit and risk with your shareholders in time, you may be in a position to prevent avoidable exposure

My argument is that sharing finances with the important people in your life is a must.

Today we have a divorce rate well over 50% and we ask ourselves why. Researchers have studied money as a cause of divorce and have found them to be almost completely uncorrelated.

So than why am I saying that sharing finances is a must? Well, sharing finances is part of giving up your life to your married partner, so by withholding finances, you are disconnecting yourself from the relationship in a way. Like the joke, if partners withhold information, it is sure to cause a conflict at some point in time, because parts of your life are connected while others are disconnected.

Sharing finances allows for a team to be built. Part of a relationship is to work as team to fulfill each others life’s. As a married couple, you work together to decide what is right for your kids, you decide where you should live, and you decide what things you will do with your free time. Sharing finances builds a bond between two people that I believe makes a relationship stronger.

A married couple should function as one. Since money is necessary to function in life, sharing finances is a must.

finance, Money, sharing finances