Should I tell my girlfriend about my savings?
July 9, 2014 9:56 AM Subscribe
Should [or when should] I tell my girlfriend about my savings?
posted by anonymous to Work & Money (56 answers total) 8 users marked this as a favorite
This is one that I haven't figured out. My girlfriend and I are moving at the end of the month to another state for me to attend school. By the end of the month (with some client payments coming in) I will have about $95,000 in my savings account, and about $30,000 in investments, no debt. We are late-20s, early 30's.
I have saved pretty extensively while living a comfortable, yet modest lifestyle over the last few years in anticipation for graduate school. As it turns out, my schooling will be mostly paid for with a modest stipend. I am paying for the move. It turns out that our lifestyles match up well, she makes less than I do, and while doing well saving and staying debt-free has to watch her spending more closely than I do.
I've avoided talking specifics of my finances to this point, because I feel kind of silly for one with that much cash sitting in a savings account (that's my next project, getting all of that in order), but also because I worry that it will change any sort of balance in the relationship, which up until this point has been very smooth and comfortable relating to finances.
Anyways, at what point do you talk about specifics? We've lived together for a while, and are renting a place in a new state together. Is it time to give a state of my finances? Or is ok to keep that part private until we start discussing joining finances, which we haven't done at this point.