DH has a 15 yo daughter and he and her mum provide for her. I don't have children and we are part way through the adoption process. I have a substantial amount of cash from a property sale in pre-DH days, some of which (e.g. 30%) I've agreed to put into our first bought home (we're renting now). DH has no savings to contribute. DH earns about 50% more than me so that should help with mortgage repayments. But he may wish to contribute to his daughter's college / uni fees etc in the future too.
Talking effectively about £ is a weakness of ours. DH has not been great on £ mgmt and he sometimes gets defensive, whereas I'm a natural saver / investor and am the one who brings up the need for good money mgmt. I probably do so from a fear perspective (fear of unnecessary consumer debt), to which DH reacts and then round we go. When I'm matter of fact and non emotional, he tends to be on board. But sometimes I struggle knowing what to suggest and I feel like I'm floating ideas around and not being clear perhaps because I'm not well informed. Plus I want to make sure natural self protection doesn't stray into greed / unreasonableness. I will at some point get some legal advice having read the wills thread on here recently.
In the meantime, what arrangements could I consider that would be deemed fair? What have other people done? E.g if I stump up our 30% house deposit, should we pay the mortgage as per our salary proportions like now, or should DH pay even more? How do you sort your finances and account for your partner's, your own and your joint children? What about savings?
Could do with your insight. Thanks guys and gals.
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Money matters - how did you sort your property ownership?
6 replies
cappy123 · 03/08/2015 01:45
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Maybe83 ·
03/08/2015 02:08
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Maybe83 ·
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