I didnt even consider the tax situation. Ive always filed head of household being a single parent. Can I still do that? He files and pays UK taxes. So it seems legit to me. I file and pay US taxes as I make US dollars and vice versa for him.
Maybe I am worried about the saving part. I thought about it all some more and talked to fiance some more and I think thats where my worries come from. He does technically have way more in savings when you think of what his flat is worth. But I put every penny I can into a 403B (Sorry I said 401K but I meant 403B), into a 529 for my daughters college savings, and ING. He doesnt have a savings acct. I want him to open one and start putting in big chunks of what he makes into it. He says he cant for some reason or another, not big chunks at least.. some sort of rules with owning his own business and accounting for money..
I also suggested he figure out what he can live on (he and we) from his salary and actually "pay" himself that amount each month, including contributing a percentage to a savings plan. The rest he should leave in his business acct so if there is a time he's not working, he can continue to pay himself his regular salary at all times.
He is open to it but getting him to actually DO this is something else. Im going to sit him down this weekend and go over his expenses with him. Hes a long time bachelor so this is all new to him.
I also feel a little helpless NOT knowing how much money he has and all that jazz. I know to the penny what I have at all times and whats coming out when, etc..
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