I could careless what my partner spends his or her money on or even whom they decide to sleep with. We treat each other as equals to make their own decisions together or apart.
If you’re with an irresponsible person then you either break off the relationship or agree to suffer with the consequences of their actions.
It works surprisingly well. Others should try it.
I do not expect this to be popular.
Do you live with your partner? How do you split shared or somewhat-shared expenses? Are your incomes equal? Who has the role of managing expenses? If you go out to dinner, who pays? What if you share a dessert? (.. etc - you get my point.)
I hope you’re willing to expand given your enthusiasm for your lifestyle, but more context will help.
We have our own personal accounts and then one shared joint account for things we decide to buy together.
When we buy property, we buy it together or if one chooses to buy it alone that’s OK as well.
We also have a loose relationship document that we have created and regularly review to discuss things important to us.
- death - children - retirement - house chores - parenting - sex - commitments
Whatever style of relationship model you have overcommunication and active listening are extremely important especially as it deals with ones feelings, needs and fears.
ALWAYS handle tough conversations the same day (preferably) or week to avoid spiraling negativity and resentment.
If you're a couple whose combined income is $50k, spending is important and you simply can't afford to have your partner blow $80 on something because that could cause you to miss a bill, incur late/NSF fees, etc. My parents are elderly now and there's certainly a generational aspect as well but they made very little when I was growing up and they both knew every dollar that left the checking account. I make good money in tech and my SO is a physician so we just need to decide what portion of our income is allocated to joint expenses and the rest will work itself out. There's ways to optimize it of course but an NSF fee from the bank or a $30 late fee from Comcast is not really a concern for us the way they were both very real concerns for my parents.
We do have saving goals, like for a house, paying off bills, etc. We aren't wealthy people my any measure either, so every bit counts.
Life is just different for us that don't make as much money and are trying to get ahead.
I ask because my wife and I spend money however we like, and I think it'd be quite strange if she checked in with me before spending $150. Is there some useful context or previous over-spending that you're solving, or is it something you'd recommend for everyone?