This post comes from my friend Kristina, who’s the daily blogger over at DINKS Finance and today we have decided to trade blog posts. Kristina will be blogging here on Careful Cents and Carrie will be blogging over at DINKS Finance. So be sure to visit our site and check out (your beloved) Carrie’s post.
Here’s a little bit about Kristin. Hello Careful Cents! I am in a dual income no kids (DINK) relationship with my long time (12 years together) boyfriend Nick.
We are both in our early thirties and for the time being kids are not in our future; but as we get older I am wondering if we are making a huge mistake by not at least considering the option of having kids.
One of the great things about being in a DINK relationship (or any type of relationship) is the fact that we have our spouse to help us make important decisions. When we are on the fence about a life choice our spouse can be the deciding factor.
If we are weighing the pros and cons of a life choice our spouse can be the angel (or the devil) sitting on our shoulder whispering into our ear.
However, being in a relationship can also be a downfall when we are trying to make life decisions. When we are in a relationship we always have to consider our spouse before we react.
I enjoy having my boyfriend Nick to help me make decisions because very often he is the voice of reason. However, sometimes I just wish that I could do whatever I wanted, whenever I wanted to.
Here are some decisions that we should (try to) make as a couple:
Purchasing or selling assets
One of the biggest decisions that new couples have to make is where we are going to live. The choice to rent or buy a home is a major decision and both people in the couple have to agree on our living arrangements. It may be a good idea to let the newlywed dust settle as we adjust to living together before we decide to jointly buy assets.
Monthly bills and living expenses
Merging individual finances into our new couple’s life will definitely be an adjustment, but it doesn’t have to be a difficult one.
If we talk with our spouse and we are open to the discussion of money then we can decide how we are going to divide the monthly grocery bills, utilities, rent, transportation costs, and other living expenses.
Some couples decide to split the monthly living expenses evenly 50/50, however some other couples divide the monthly bills into a percentage that is proportionate to each spouse’s income.
Paying off debt
When we are in a relationship we may accumulate debt as a couple, or maybe one spouse brought their own individual debt into our relationship.
Regardless of how we accumulated our debt we have to make a plan to pay off our debts as a couple because our spouse’s debt can be harmful to our couple’s credit.
Choosing to have kids
This is a major decision that most couples need to make. Like most major couples decisions such as where to live and how to save money or pay off debt, we have to weigh both the pros and cons of having kids and then make the decision to have kids or not to have kids as a couple.
What is the biggest decision you have made in your relationship?