How do I manage a major change in my partner’s salary?
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My partner (30) and I (31) have been together for 10 years. Early on in our relationship, we realized that I was the financially responsible one and she had difficulty budgeting/saving so when things got serious, we combined expenses and she has given me full trust to manage all finances.I’ve always been the main breadwinner and making 100-130K/year the past few years. I don’t think I’ll go higher than this other than inflation salary increases. She was doing her medical school, residency and sub-spec training so she was getting paid minimal amounts. She’ll be done with all training next year and she’s looking at working in rural canada where she expects to make 500-600K/year. This is a major change from the 80K/year or so she was making to date. I work remotely so I can work from wherever so that’s not an issue.Through managing our finances, we have managed to pay off all our student debt, max our TFSAs and RRSPs to date.Today we were looking at houses for the first time and when looking at what we would qualify for I kept using her resident salary and saying we can’t afford things. When she corrected me with her actual salary coming up though, I guess that’s when reality hit.Up until now, I think I had no issue with managing both of our finances because I knew I was the breadwinner, helped pay down her student loans with my money too and so on.But now, I guess I feel guilt and weird because I don’t want to be micromanaging HER money. Up until now, it wasn’t much of an issue because I felt like we were primarily living off my money anyways and her money was just being used to pay down her student loans and save. Now the situation will be different. I’m a male and she’s a female so I wonder if gender stereotype roles play a role in my thought process too.so my question is: How do I manage a major change in my partner’s salary?I am looking for advice from people who went through something similar and what you did for money management or even emotion management when this happened. via /r/PersonalFinanceCanada https://ift.tt/3CbtSjx
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