Quote:
Originally Posted by Engine09
I have coworkers who ask me what I do with all my extra money since I don't have a wife or kids. I remind them that I pay 100% of every bill. I don't get to split the property tax, insurance, electricity, gas or mortgage with anyone. Would be incredible to pay only half of those bills.
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Maybe things are different in Calgary, where single people are buying detached properties, but when I was single, things were much better off financially. I was living in a nice studio apartment.
Now I have a massive mortgage, daycare bills, food, all of the costs of home ownership, etc...My partner's work is sporadic. She was on EI after the pregnancy. There's another baby on the way. The idea of two daycare bills is exhausting. If we manage to get our first born into a school, I guess we'll see some alleviation there. We'll be paying for after school care, but that's considerably cheaper than full time daycare. That's assuming we can get into a good public school too.
The dream that splitting expenses and cheaper living with a partner is going to make you more financially stable...is in most cases just a dream. In order to make that work, you need to find a stable and financially responsible partner - you are attracted to long term and can work out a relationship with - and both agree on no kids. The majority of partners (both male and female) when they see that the other partner is saving and/or making more money, will come up with ways to spend that money. You might not see the need for a new car, furniture, etc... but your partner probably will.
Then you need to really hope you never get divorced, or if you do have a pre-nup and hope the other person makes more money than you.