Tag Archives: Relationships

When Women Earn More Than Men

32 Comments

We hear a lot about men earning more than women, but what about when women earn more than men? I’ve been trying to write this post for awhile, and only recently managed to get it done after Cait blogged about the book When She Makes More by Farnoosh Torabi. I haven’t read it yet, and I’m not sure if I will. But maybe I should because: I out-earn my fiancé. Salary-wise we’re nearly evenly matched. There’s less than a $10,000 difference in compensation between us from our primary jobs, but my income through Money After Graduation throws me quite a bit higher. For now, anyway. The next 5-10 years will be marked by definitive promotions and raises, that will either keep us neck-in-neck or further emphasize a divide. I’m not alone though: single women between the ages of 22 and 30 earn more than single men of the same age […]

Saving A $100,000 Down Payment

71 Comments

Greetings readers! I have some big news: My boyfriend proposed on September 21 and we’re engaged! He proposed after a 4km hike in the rocky mountains — and I used the car ride home to snapchat shots of the ring to all my cousins and call my parents. Want to put six-figures down on your first home? This is how my fiance and I are saving a $ 100 000 down payment! I’m still not used to saying “fiancé” but “my betrothed” confuses people and takes up too many characters on twitter. We’re still deciding what kind of wedding we want — both of us have the same financial values, so it’s hard to think of spending tens of thousands of dollars on a single day. On the other hand, it’s hard for me to turn down the opportunity to throw a really big party 😉 We haven’t set a date, but […]

Setting Up The Joint Savings Account

21 Comments

I blogged a few weeks ago about how my boyfriend and I manage our joint chequing account, so I thought I would follow with a post about the joint savings account we set up. I actually found setting up a joint savings account a little bit more scary than sharing a chequing account. Because our contributions to the joint chequing account are only in $625 increments and the account is emptied every month, there’s not a lot of money on hand you have to trust your partner with. Even if the account was allowed to build up over the period of 30 days, the most damage either of us could do is spend the other person’s $1,250 monthly deposit. This is enough to really piss me off, but over the long term has no real consequence on my finances. Joint savings accounts require more trust because there’s more money involved. We’re going […]

How To Manage A Joint Chequing Account

27 Comments

My boyfriend and I opened a joint chequing account the day we moved in together. It’s made managing our household finances a total breeze instead of a war zone, and we have yet to have a money squabble. There’s no right way to do couples finances, but this is what is working for us! We set up our joint account with Tangerine, which is the bank both of us use for our everyday chequing and saving. If you don’t have an account with Tangerine, you can set one up using my Orange Key (32251507S1) and receive a $50 bonus. Free money is the perfect way to start out a shared bank account!  How My Boyfriend & I Manage Our Joint Chequing Account Each of us contributes $1,250 per month ($625 per paycheque) to the joint chequing account for a total of $2,500 per month. From that account, we pay for our […]

Sheryl Sandberg is wrong: The Elite Woman is just like a man

15 Comments

I hope you’re surprised by the title of this post, because the concept caught me off-guard the first time I was introduced to it. Who is the “Elite Woman” and how is she different? The notion of women being divided into two distinct groups is central Alison Wolf’s book, The XX Factor. I picked picked this up browsing in the bookstore. As a local library loyalist, I don’t normally purchase books, but when I saw Joseph E. Stiglitz  — whom I’ve become a minor fan of after reading the The Price of Inequality — leave a glowing review on the book jacket, I made an exception. This isn’t a book about feminism so much as it is an economic analysis of women’s changing role in academia, the workforce, and the home. The appendix and bibliography are over 100 pages long, so it’s extraordinarily well researched with very well presented data […]