DC1 is due in June 2018, and I am planning to give up work once maternity leave finishes. DP and I have been together for five years and living together for 3.5. We have a joint mortgage but are not married, nor have any immediate plans to get married.
DP is very supportive and very much has the opinion that his earnings will become our money, and I do not have any concerns that he would become in any way financially abusive. However, I think it is sensible to consider having some back up for if things were to change in the future.
I currently have a fair chunk of money in savings and will be saving heavily once Christmas is out the way. DP has about half the savings I have and we have briefly discussed pooling our savings as family savings.
At the moment we both put a set amount of money into a joint account each month which our mortgage and bills go from, then have our own current accounts and savings accounts where the rest of our money is kept. Occasionally we'll each top up the joint account if it's a more expensive month.
Can anyone give advice about what I should be putting in place before leaving work that would secure mine and my child/children's future if things did pan out differently to how we hope. And is this sensible or unnecessary?
WIBU to keep my own savings to myself (for security, not spending) when DP is happily using his own money for the good of the family?