How my money personality mirrors my parenting style (and why raising a child feels a lot like having a joint checking account).
In the last month, Jeanine and I have had more disagreements than in all the six years we’ve been together. What’s the cause? Decisions and choices that need to be made about Sam. Welcome to parenthood, right?
We explained to friends the other night that metaphorically, raising a child is a lot like having a joint checking account in a household that was used to keeping its money separate. What do I mean by this?
Jeanine and I are best friends and typically always get along. We’re similar in what we want out of life, but different in the way we approach things. When it comes to money, we agree on what we consider to be the important things: spending less than we earn, saving a certain percentage of our incomes each year, and living without any credit card debt.
But we differ on the mechanics of money management. I’m a freak about balancing my checkbook every month. I log into my online accounts at least a few times a week. I guess I’m just being obsessive about making sure it’s all still there.
Jeanine didn’t even have online access to her checking and savings account until some point last year. Before this, I would sometimes catch her checking her balance with the automated phone service. Of course, I would just roll my eyes at her method’¦ but it’s her money and she’s responsible for the care and nurture of it. I once suggested that she try her bank’s online bill pay service and of course, she rolled her eyes at me.
Jeanine leases her car, I always buy pre-owned and drive it until the repairs outweigh the cost of getting a new one. She hates my old car, so we drive hers on the weekends. No issue there.
The point I’m trying to make is that it was easy to get along even with our differences’¦ why, because we could be independent in our approaches and our decisions really didn’t impact each other. This is why we’ve never mingled our money. We would drive each other nuts or at least be disagreeing constantly.
I’m all about structure, schedules and boundaries. Jeanine is easy going and less rigid. The outcome ends up being the same, but the way we get there is very different. You can imagine how this plays out with a baby and trying to stay in sync as new parents. It hasn’t been easy. Hence the comment to friends that Sam is kind of like opening a joint checking account.
I’m tracking every feeding, bowel movement and length of his sleeping periods. Literally! I make a notation in what we have dubbed the baby tracker. Of course, I’m making Jeanine do this too and when she forgets’¦ it frustrates me. She’s gotten better with each week.
Jeanine is very easy going and she wanted friends, neighbors and family members to be able to hold Sam at will. This drove me nuts. In my mind, nobody should touch Sam when he’s sleeping (for fear that he might wake up) or feed him (we’re his mommies, we should be the only ones feeding him), etc. It took me a month, but I’ve finally let a few people help out with a bottle here and there’¦ and of course, he survived and is probably better for it!
This experience reinforces how different parts of our personalities are’¦ obviously, I’m rigid and very black & white. This is fine when it comes to money. But I’m learning that I need to be a little more easy-going with our ‘œjoint checking account.’
Ahh, parenting’¦ even with the disagreements, it’s been an amazing experience so far! I suspect over time, the compromises will actually strengthen our relationship. Perhaps, we’ll even merge our money someday!
Photo credit: stock.xchng.
I’ve enjoyed your articles and reading about your journey to having a baby. Congratulations.
I’ll have to tear a page from your notebook or consider Phil’s approach from “And Two Wallets Became One”.
Great articles!
Nina, when I was contemplating writing a master’s thesis, I wanted to do marital satisfaction surveys with same-sex couples. For hetero couples, money and parenting styles are the greatest sources of conflict. My prediction was that this would be the same for same-sex couples. I think you and Jeanine are proving my hypothesis. Maybe I should write that thesis after all. ;^)
This sounds exactly like my parents Nina! My mom kept a log much like yours, while my dad figured if the diapers needed changing there was no need to write it down. My mom needs order and plans while my dad is much more easy going. They’re also different in finances: my dad likes to fix things and loves the challenge of making broken stuff work again while my mom figures it’s more convenient to replace it. Though I wasn’t old enough to remember how they resolved it at the time, I can tell you know it’s greatly aided by the fact that they constantly poke fun at each others’ idiosyncrasies. They’ve been together for 24 years by recognizing that they simply have their own way of doing things and that’s not going to change, so they may as well laugh at it.
Sipoftea: I appreciate the kudos… and thanks for taking the time to read through the posts.
Serena: That’s interesting that money and parenting styles are two of the greatest sources of conflict… obviously, I hadn’t really thought about it until now. It’s somewhat easy to keep one’s money separate but unfortunately, you can’t divvy up a child in the same household.
Elizabeth: What a nice story. Hopefully, our sense of humor will carry us to the 20+ year mark too!
That’s a really great analogy, comparing shared parenting to a joint checking account! And while it may feel like a lot of compromises to work through right now, remember that it will get easier because eventually you will learn which aspects of parenting are really critical to agree on, versus when (as you said about having separate financial approaches) it’s OK “to be independent in our approaches and our decisions really didn’t impact each other.” The longer you parent, the more you’ll get a better sense of which differences really do impact Sam, versus which aren’t a big deal and so it’s OK to have different approaches. For example, someday the baby tracker may be where you jot down medication so you don’t accidentally both give Sam a dose of Tylenol when he’s sick. By comparison, I don’t know any parents (except those of chronically ill kids) who track regular feedings long-term, and yet the kids do fine. If you both forget to feed him, he will let you know. 🙂
Oh this is great! And a fine reminder why it is probably best we have skipped the kid route. We had a mini event like this 12 years ago when we got kittens. I was all about covering all the electrical wires (so they don’t chew & fry) and cat-proofing the place. Kim was more hands off… Can’t wait to hear more tales..
S: Thanks… I realize this is good advice since you’re several years ahead me with your parenting experience!
Paula: Kiddies, kitties… sounds like we’re similar in our parenting styles!