Tag: married finances

Allowance 2.0 in Early Retirement // Systems for Financial Success and Peace of Mind

Bringing back the allowance in early retirement // Systems for financial success and peace of mind // using a personal allowance to take the pressure off our nest egg savings as well as our marriage and relationship!

We’re about to go through a life and financial transition as big as graduating from college or getting married — and that’s switching from earning plenty while working to earning very little in early retirement. Which means that we need a new set of systems to ensure our financial success, especially given our status as anti-budgeters. But it also means that we’re bringing back a tool we gave up years ago: the personal allowance.

More Than a Prenup, You Need a Pre-FIRE Agreement

Why married early retirees should have a pre-FIRE agreement, prenup for early retirement, prenup for financial independence

We love that more and more people are talking about prenups these days (more financial transparency between partners is great!), but for those of us considering early retirement, we think a pre-FIRE agreement is even more important. After all, early retirement comes with its own set of major risks, some of which we’re insulated from to some extent as a couple, but others which become bigger risks for those who are married. Here’s how we’re navigating this.

The Great Flip-Flop // How We’ve Reversed Roles on Our Retirement Timing

Lately I’ve been making it sound like we both want to retire as soon as humanly possible, but that’s not true. I’m the one who wants out ASAP, while Mr. ONL is playing the role of the financially prudent one and trying to keep us working for one more year, as we’d always planned. But that’s not where we started — he used to be the one who wanted to quit ASAP, while I wanted to be sure we were prepared times ten. Today: the story of our retirement timing role reversal.

How Combined Finances Helped Us Get to FIRE Faster

OurNextLife.com // How Combined Finances Helped Us Get to FIRE Faster // We're big believers in combined finances *for us* (though maybe not for everyone!) // Married finances, money management for couples, couples' finances

We don’t pretend to know whether what we do with our money will work just as well for other couples, but today we’re talking about something we do know for sure: We are going to be able to retire earlier because we have fully combined finances. We’ll also trace our history of money management as a couple, and look at the money-related feelings that give us extra momentum toward FIRE.