Kevin McAllister
speaker
96 appearances
3 recordings
1 series
first heard Feb 2019
last heard Jul 2019
Kevin McAllister’s voice in public audio — every appearance, attributed to the second.
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Appearances
WSJ Your Money Briefing · Vacation With Your Signifcant Other: Who Pays for What? · 5 Jul 2019
podcast
Yeah, that's correct.
And you might not even have saved together.
You may have saved independently, which adds a whole new level of complexity to the actual equation.
You know, one of the things that we came across was a situational inequality that wasn't just brought about by, you know, the number of zeros on our paycheck, but was brought about by the implied benefits that the specific location to which we were going had.
So this was brought about by me actually getting the opportunity to stay for a couple days at her parents' house in a location that she would already be.
And so...
Exactly.
And so it made the costs that we were going to incur on this vacation a little bit different.
And we were trying to figure out exactly how to split things up when there's a situation that that works out like that, where, you know, what one person has to pay just straight up might not be the same as what their their partner has to pay.
Yeah, exactly.
And I think that what it comes down to is trying to balance the two factors and try to make sure that both people that are involved and actually going are able to kind of find the midpoint and the balancing point between feeling indebted to one another or feeling like there's some big sacrifice.
And
Especially when finances are separate, that's a tricky balance to strike sometimes because both of those things have the opportunity to ruin an afternoon, let alone a week-long trip or a two-week-long trip or however long you want to embark on your trip for.
Yeah, and that's the tricky part of it is that on all of this, it's not a strict transaction.
There's the romantic element, and you don't want to lose that in the process of planning because that defeats the purpose of the trip altogether maybe.
Yeah, they did.
Income disparities, people had different ways of actually dealing with that.
One of the popular ones was a split that wasn't necessarily based on the strict math of who makes what, but that was just a feeling of contribution, whether it was one person paid for one specific thing or surprised the other person with one specific activity that they planned on their own for their partner.
And the other one that was popular was a more mathematical approach.
Basically, they looked at what kind of a hit their respective bank accounts would actually take if they were to take this trip and said, you know, this would actually be, you know, 60% of my paycheck.
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