Valentine’s Day: gifts, dinner, wine, plans for the next step in romance… And spending. June 12 is not the best day to think about it, but when we share our life with someone, it usually becomes necessary to think about finances together.
In the end, many goals and dreams become common: for example, to live in the same house, make the same trips, celebrate the same events and, ultimately, raise the same children and receive the same pension. . And if you’ve been following my column, you’ll know that I think investing is the best way to reach those goals faster.
But there is no cake recipe. Rather, the recipe depends on the cake. How each couple will do this is very personal. I present several alternatives here, keeping in mind that all these agreements should be very well negotiated and, yes, it is worth signing a document that protects both parties in case of termination of the relationship.
Boyfriends, “together”, married … How to be a couple with money? — Photo: Getty Images
For some, it makes sense to combine all income into one common account, so that the income of both goes to the same fund, without the need to keep track of the expenses of each household: everything belongs to everyone.
This configuration requires caution, especially if one of the parts (or all) is less organized. Be very careful not to overspend, which will jeopardize the entire family budget!
2. Completely separate finance
Other couples can completely share finances, each 100%. In this case, the arrangement may end up leading to a bureaucracy to split accounts at any time. Who pays the electricity bill? This dinner was mine, is the next one yours? But what was more expensive?
This is where a spreadsheet or cost-sharing application helps a lot. Instead of swiping two cards for each new trip, simply write down the amounts for each expense and pay everything at the end of the month – always on the basis of great confidence, of course.
3. Separate accounts and “pair account”
There is also the option for each member of the couple to have their own account and both contribute to a third account, this time with dual ownership.
In this case (as in the previous one), the decision that the lovebirds will make is how much each of them will contribute to the expenses of the house. For several years now, I have seen more and more people adopt a scheme in which the person who earns the most puts more money into a house (and into investments aimed at general purposes).
An example to make it easier. We know that (unfortunately) women still earn, on average, the equivalent of 77.7% of men’s wages. For a heterosexual couple that is exactly within this average, it may make sense for a man to contribute 22.3% more than a woman to the expenses and investments they both have (i.e. spending and investing 122 reais, 30 for every 100 reals). from a partner).
But there are those for whom such a scheme seems too bureaucratic or inconvenient, and this is quite understandable! The decision is very personal for each couple.
And, of course, investments are needed here. Unlike bank accounts, currently investment accounts can only be created with CPF for operational reasons. This poses a new dilemma for those couples who have decided to combine investments for the same purpose: do we leave applications to the name of only one? Have we created two accounts?
When two different people with different dreams and financial backgrounds head towards the same destination (honeymoon, home, children’s school), it’s important to understand how much each of them can contribute and how much risk they’re both willing to take. take it. , in addition to synchronizing the timing of contributions. The good part is that synchronous flapping allows us to fly higher: dreaming together can help you save even more and better.
“Showing that the world of investing can be easy and uncomplicated” is the mission of Paula Zogby, an analyst at Rico Investimentos (XP Inc.). A USP alumnus, Paula is one of Rico’s primary content creators. Born communicator, worked at InfoMoney for 5 years. He is an investment, stock exchange, fixed and variable income specialist and CNPI analyst for Aimec. Enthusiastic about the growing number of women in the world of finance, she, along with the Rico team, produces daily newsletters with market analysis and insights – Photo: Disclosure