subject: Does double the income equal double the fun? [print this page] Does double the income equal double the fun?
Is it better to be single or in a couple.
Being in a couple is supposed to give someone more support. Two people equals two incomes. Two become one and it's always cheaper to split living expenses like rent, food, and all the little costs that tend to add but.
Well, that's the theory, the reality is often a little different. If anything, sometimes being in a couple can send you to the poor house faster than if you're single. How does that work, you ask?
Well, like many things in life, it's complicated. There are a number of factors that can drag your income down when being in a couple, and most of those factors are usually linked to, well, being with the wrong person.
It's not me it's you
If your partner isn't a planner like you are, or if your partner suffers from a bad habit, your finances can dwindle quickly.
Having an irresponsible partner can impact you financial, which would probably quickly turn you into a single person if it's bringing lots of strain on the relationship.
Prepare for being unprepared
But sometimes it's not about having an irresponsible partner. To quote John Lennon, sometimes life happens while you're making plans.
Your partner might lose his or her job suddenly, which can quickly turn two incomes into one, but there are still two people there.
So the key to adapt your budget accordingly. When life gives you lemons, you make lemonade rather than asking for a bottle of tequila.
Adapt your budget to the circumstance you're in at any given point. And make sure you have a rainy day fund.
You never know when your income will get slashed from two to one--be it for a good reason or a bad one--but it's always best to be prepared for the worst since, at the end of the day, the person you'll have to keep living with is, well, you!
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