Breaking down our budget, prenup & child support agreement (our "money talk")
Description
Happy Thursday! In today's episode, Harrison and I dive into a conversation we think every couple should have – the all-important "money talk." We discuss how we’re going to structure our budget, prenup (cohabitation agreement in our case 😉), and child support agreement.
I've received tons of DMs about the "money talk" before marriage and the transparency (or lack thereof) in how couples handle their finances (budgeting, joint bank accounts, prenups, etc.). We're breaking down our process, what we've learned, and our final decisions in hopes of normalizing this conversation.
Thank you to our partners this week:
ALICE & OLIVIA: Visit https://www.aliceandolivia.com/ and enter promo code 'JUSTALEX' for 15% off.
Listen to the pod on Spotify/Apple Podcasts:
https://open.spotify.com/show/7BxuZnHmNzOX9MdnzyU4bD?si=5e715ebaf9014fac
https://podcasts.apple.com/us/podcast/just-alex/id1737442386
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Edited & Produced by: Creative Evolution Studios — https://www.creativeevolutionstudios.com/
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Timestamps:
00:00:00 Welcome back to another episode of Just Alex
00:02:12 The importance of the “money talk” as a couple
00:05:20 The current state of our finances
00:08:00 Structuring a house payment as a non-married couple
00:12:00 Our joint bank account and what it’s paying for
00:13:00 “Fun money” - how we’re splitting meals out, clothing, travel, and experiences
00:16:40 Spending accountability and budget adjustments
0:19:35 How we’re splitting childcare
00:20:15 How we’re structuring our prenup - inheritance, investments, businesses & living expenses
00:27:11 Seeing a prenup as no different than life/health/care insurance
00:27:55 Child support in the event of a breakup
00:29:45 The importance of having this conversation with a clear head
00:33:30 LOVE YOU GUYS
#moneytalk #budget #prenup #childsupportagreement
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