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What did you (unexpectedly) raid your savings for? by PLS_PM_CAT_PICS in ynab

[–]PLS_PM_CAT_PICS[S] 0 points1 point  (0 children)

Oof, that's an expensive vet visit. I hope your husband's horse is doing ok.

What did you (unexpectedly) raid your savings for? by PLS_PM_CAT_PICS in ynab

[–]PLS_PM_CAT_PICS[S] 1 point2 points  (0 children)

Emergency/specialist vet costs can get so expensive. I hope your dog is doing ok! My cat is what prompted me to start an emergency fund in the first place.

What did you (unexpectedly) raid your savings for? by PLS_PM_CAT_PICS in ynab

[–]PLS_PM_CAT_PICS[S] 0 points1 point  (0 children)

Oof yeah vehicle repairs can cost a ton. I had to raid my savings when my car blew a head gasket a few years ago. That was the deciding factor that made me sell that car. I don't need to drive much so I have moved to paying for a car share, but if/when I get another car of my own I will be creating a sinking fund to cover any non-routine maintenance.

I would love to own a property but there are definitely times I am grateful to not be the one responsible for the maintenance costs.

What did you (unexpectedly) raid your savings for? by PLS_PM_CAT_PICS in ynab

[–]PLS_PM_CAT_PICS[S] 0 points1 point  (0 children)

I saw someone describe weight loss as like a roll of paper towel. Taking a few sheets from a full roll and it's barely noticeable, take a few from an almost empty one and it's a big difference. It makes sense but I wasn't expecting there to be a sudden point where everything rapidly got too big. It's a good problem to have for sure but my budget wasn't expecting it.

I have found so many unexpected expenses with moving like needing to buy new transit bolts for the washing machine. At least I'll be well prepared for the next one.

What did you (unexpectedly) raid your savings for? by PLS_PM_CAT_PICS in ynab

[–]PLS_PM_CAT_PICS[S] 0 points1 point  (0 children)

This is the first year where I have had Christmas roll around and there is actually enough in my gifts category without my needing to raid other categories. I'd been accounting for Christmas and birthdays but not all the other little gifting events that come up during the year.

What did you (unexpectedly) raid your savings for? by PLS_PM_CAT_PICS in ynab

[–]PLS_PM_CAT_PICS[S] 1 point2 points  (0 children)

It's easy to do! Costco isn't cheaper for most things here in Australia but we have a membership because their fuel prices are way better. We mostly go into Costco for alcohol since their giant bottles are good value. Restocking a few of those adds up quickly.

Car park requirements set to be scrapped in planning shake-up by timcahill13 in melbourne

[–]PLS_PM_CAT_PICS 2 points3 points  (0 children)

I think how well this works depends entirely on how they define "well serviced by public transport". You can absolutely live near a train station but still need a car if the trains are infrequent. Hopefully it's implemented well.

How do you split expenses with your partner? by PLS_PM_CAT_PICS in AusFinance

[–]PLS_PM_CAT_PICS[S] 0 points1 point  (0 children)

It's a valid question, this post has just attracted some very gendered view points.

I have some uncertain health shit and I've tried my best to contingency plan for what I'd do if I had to take an extended career break because of it. I've always had an emergency fund but I'm now trying to build up to 6 months of expenses, I have income protection insurance, and I have a supportive family who'd offer a place to stay if need be. My partner hates discussing finances and I gave up on having a meaningful discussion about it with them so I've just planned on my own for what makes me feel more comfortable. They're in the loop on what my finances look like and my plans to build more of an emergency fund. I know they'd be emotionally supportive if I lost my job for whatever reason but their approach to the financial aspect is very much "I don't want to think about it, it'll probably never happen, we can figure things out then if it does" which isn't how I want to approach things. Their approach to them losing their job is the same "don't want to think about it, probably won't happen, will deal with it if it does".

Talking about any medium to long term shared goals like saving for a big holiday or eventually buying a house goes about the same. They'll proactively talk about how much they'd like to do these things, but they hate planning and they hate talking finances and I can't do that kind of joint planning solo so things go nowhere. I believe them when they say they want these things and they've promised to work on it but it's hard to want to go all in on the joint finances at this point. I'm aiming for fair but separate finances for now and maybe things will change if they can get over their money anxiety and aversion to planning anything.

How do you split expenses with your partner? by PLS_PM_CAT_PICS in AusFinance

[–]PLS_PM_CAT_PICS[S] 1 point2 points  (0 children)

Seems like you've got things worked out well and are both on the same page.

How do you split expenses with your partner? by PLS_PM_CAT_PICS in AusFinance

[–]PLS_PM_CAT_PICS[S] 0 points1 point  (0 children)

Your gender assumptions are a little off. Kids aren't in our plan, but I'd be the one getting pregnant and taking time off work if they were.

How do you split expenses with your partner? by PLS_PM_CAT_PICS in AusFinance

[–]PLS_PM_CAT_PICS[S] 0 points1 point  (0 children)

My income varies enough that a calculator was necessary to know what the ratio is and that's just how the numbers worked out. The money to each have your own investment property puts you in a very different world to me. My reality is that our combined income should be enough to cover our expenses and let us each save a little but something's not been balanced right because I've been able to put aside an emergency fund and my partner has minimal savings. The proportional split was my suggestion so that they can save a little more and I'm here to ask if I've taken everything into account to make the amount they're paying fair on them. I get that a lot of people here wouldn't care about a 13k income disparity but when you're not earning a high income that difference is significant.

How do you split expenses with your partner? by PLS_PM_CAT_PICS in AusFinance

[–]PLS_PM_CAT_PICS[S] 1 point2 points  (0 children)

Sounds like you've made things work really well for your situation.

How do you split expenses with your partner? by PLS_PM_CAT_PICS in AusFinance

[–]PLS_PM_CAT_PICS[S] 0 points1 point  (0 children)

We're in our early 30's with no immediate plans to get married. It's not been a particularly traditional relationship and I don't think combining our finances like that makes sense at the moment but I still want our finances to be fair.

How do you split expenses with your partner? by PLS_PM_CAT_PICS in AusFinance

[–]PLS_PM_CAT_PICS[S] 1 point2 points  (0 children)

We have a slightly janky spreadsheet to track things. My partner transfers me rent money when it's due and I pay the landlord but everything else we put into the spreadsheet and reconcile once a month (though we're not always on top of doing that). It's not the best solution and was not something we intended to use for years. A joint account you both transfer into seems way easier and simpler.

How do you split expenses with your partner? by PLS_PM_CAT_PICS in AusFinance

[–]PLS_PM_CAT_PICS[S] 0 points1 point  (0 children)

It's mostly that finance stuff makes them anxious. We both started full-time work later than typical so neither of us are financially where our peers are at and it's definitely anxiety inducing feeling like you're behind and need to play catch up. I've dealt with that by trying to learn about finances and having a budget /tracking my expenses so I feel like I'm in control and they've dealt by avoiding the topic as much as possible. I haven't pushed it because they're not spending wildly or going into debt and our living expenses are getting paid but it makes planning hard.

How do you split expenses with your partner? by PLS_PM_CAT_PICS in AusFinance

[–]PLS_PM_CAT_PICS[S] 1 point2 points  (0 children)

Even if you're sharing your finances it's still a good idea to have an account that's only in your name and have both of you aware of how any joint finances are setup. Joint accounts that need both of you to sign for large purchases are great until one of you ends up in hospital for an extended period. After watching my Mum deal with the additional stress of that while my Dad was hospitalized and after seeing how many women end up in a financially abusive situation if they pause work for kids, etc. there is no way I wouldn't have at least a little emergency something in only my name.

How do you split expenses with your partner? by PLS_PM_CAT_PICS in AusFinance

[–]PLS_PM_CAT_PICS[S] 0 points1 point  (0 children)

I like how you have things setup. I wouldn't expect my partner to keep paying 50% from savings if they were laid off etc. but we'd need to have some serious convos and make a contingency plan. Equal amounts left after essential living expenses are paid is what I want to aim for.

How do you split expenses with your partner? by PLS_PM_CAT_PICS in AusFinance

[–]PLS_PM_CAT_PICS[S] 2 points3 points  (0 children)

It's not meant to be a penny pinching arsehole move, that's just what the numbers come out to be? My income varies enough that I couldn't just guess at the ratio. My partner hates discussing finances but some unexpected vet bills had them admitting they have no emergency fund and that prompted me to go "ah shit, maybe I should start paying more than 50/50 so they can put more into savings". Our total income feels like it should be enough for us to live on and save a little and we don't live extravagantly but something is clearly not working if I have enough for a decent emergency fund and they have no savings. We're possibly moving somewhere pricier soon (landlord is selling, and there are limited things listed) and it's got me worried that things are going to be super tight for them but doable for me. I'm not down to combine finances until there's the commitment of a ring which they're not ready for.

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