Breaking down our budget, prenup & child support agreement (our "money talk")
Podcast: Two Parents & A PodcastPublished On: Thu May 30 2024
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 Follow Just Alex Pod: Instagram | https://www.instagram.com/justalexpod/ TikTok | https://www.tiktok.com/@justalexpod Follow Alex: Alex's Instagram | https://www.instagram.com/justalexbennett Alex's TikTok | https://www.tiktok.com/@justalexbennett Follow Harrison: Harrison's Instagram | https://www.instagram.com/harrisonfugman Harrison's TikTok | https://www.tiktok.com/@harrisonfugman #justalexpod Powered by: Just Media House -- https://www.justmediahouse.com/ Edited & Produced by: Creative Evolution Studios — https://www.creativeevolutionstudios.com/ ---------------------------------------------------------------- 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 Learn more about your ad choices. Visit megaphone.fm/adchoices
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