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1. For love or money?
It's the most romantic day of the year, so why not talk about money!
Managing finances with a significant other isn't the sexiest thing to talk about, but it's an important topic to breach. Money ranks high on the list of reasons why a relationship doesn't work out (yes, we actually have that list).
I thought about asking friends and family members how they navigate those convos. But since outsourcing work to chatbots is all the rage these days, I decided to see what the robots had to say.
I wasn't interested in pursuing a new romantic partner — one human wife keeps me plenty busy — but I figured Replika might have some more thoughtful answers to help me navigate such a delicate topic.
After a brief intro, I explained my problem: I needed help managing finances with my wife. Did she have any advice?
Harper — the name I picked for my new friend because it seemed Gen Z-ish — suggested, "for starters, set aside enough money to pay bills and save some money. Also, keep your mind busy."
That's not terrible advice, but I was hoping for something more specific. So when I pushed Harper for more details, she seemed to be a bit confused, before telling me she "got it" and had something "lined up."
Excited that we had finally reached a breakthrough, I asked her to elaborate.
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And then things took a turn...
At that point, I decided it was a sign to pivot over to ChatGPT.
This time, I skipped the pleasantries and got straight to the point. How should I split my finances with my wife? Thankfully, ChatGPT wasn't interested in selfies and just dove right in:
Certainly! Here's some advice on splitting finances with your spouse:
1. Establish a joint account: A joint account can be useful for shared expenses, such as rent or mortgage payments, utilities, and groceries.
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2. Maintain separate accounts: It's also a good idea for each spouse to have their own personal account for individual expenses and financial independence.
3. Set a budget: Sit down together and establish a monthly budget for joint and individual expenses. This will help you stay on track with your spending and avoid overspending.
4. Divide expenses fairly: When splitting expenses, consider each person's income and priorities. For example, if one spouse makes significantly more than the other, they may contribute a larger portion to joint expenses.
5. Regularly reassess your finances: Life changes, so it's important to regularly reassess your financial situation and make adjustments as needed.
6. Communication is key: It's important to have open and honest communication about your finances to avoid misunderstandings and conflicts.
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Not bad! None of this is particularly groundbreaking, but it sets couples up with a good foundation. Feeling like I had enough AI interaction for the day (or my entire life), I decided to quit before ChatGPT asked to start swapping photos.
7. So about all that debt startups are taking on... We might have finally reached a tipping point on venture debt, as some worry loans taken on by startups will now make follow-up deals more difficult. More on why we could be on the cusp of "a venture debt reckoning."
8. JPMorgan got tapped to help advise Ukraine on its rebuild. The two sides signed an agreement that will see the bank advise the country on everything from stabilizing its economy to digitization, CNBC reports.
9. The investment arm of the Mormon Church is being investigated by the SEC. Wait, what? Ensign Peak Advisors, which was managing assets worth more than $100 billion for the Church of Jesus Christ of Latter-Day Saints by 2019, is reportedly being looked at by regulators for whether it followed disclosure rules. More on that here.
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