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Queercents is a syndicate of personal finance writers serving the lesbian, gay, bisexual and transgender (LGBT) community. Through our writings, we are dedicated to helping you lead a moneyed life.

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The Cost of a Gay Marriage Proposal

@ 6:02 am

I previously blogged about how I would eschew diamonds in my marriage proposal to my partner. At the time of that post, I was still trying to figure out exactly how I would go about proposing. Over the holidays I finally did propose, so here’s how it went.

Heterosexual couples have some well-established guidelines that describe all sorts of things surrounding engagements. The man is supposed to propose to the woman. The engagement ring is supposed to have a diamond and cost a certain amount. Immediately after the proposal you’re supposed to call your family. The bride’s parents are supposed to throw an engagement party. In deciding how to propose to my partner during the recent holiday season, none of those guidelines were much help, because they just don’t make sense when a man is proposing to another man. Read the rest of this entry »

New Hampshire’s Civil Unions Provide Economic Boost

@ 10:42 am

As of January 1, the state of New Hampshire is offering civil unions. Here’s an article from the Boston Globe about the potential economic boon of the new legislation.

Estimates of the long-term implications of joint filing and marriage penalties on taxes, as well as the cost of marriage licenses, vary significantly depending on state and study. In the short term, though, as large numbers of couples file for unions at once, including those visiting from other states, both tax and tourism boosts are expected to be significant:

A 2005 study predicted that legalizing same-sex marriage in New Hampshire would bring in an additional $630,000 a year in rooms and meals taxes in the first three years. The study, by The Williams Project on Sexual Orientation and Public Policy at the UCLA School of Law, was funded by two national gay rights groups. It estimated that half the 2,703 same-sex couples counted in the 2000 census in New Hampshire would choose to marry within three years if marriage was offered to them. A subsequent study in 2006 calculated that 1,352 gay couples, each spending about $7,600 — or one-quarter of the $30,510 straight couples spend on weddings in New Hampshire — would spend more than $10.3 million on weddings if they were allowed to marry. Read the rest of this entry »

Unmarried Finances

@ 7:00 am

This week, Jean Chatzky has an article in Money magazine about the particular perils of single finances. I’m sure it will comes as a shock to all Queercents readers that financial structures and tax, real estate and health care law are all designed in favor of the legally married.

The article talks about some of the important ways to work a will and living trust if you’re unmarried–including those who are unmarried in long-term committed relationships. As I looked into it, I found this older Money article that contains a very simple outline of how joint tenancy works for unmarried couples, friends, or partners who own property together. None of it’s comprehensive financial advice, but it’s all a good place to start. These arrangements are important for single straight people, but they’re even more important for LGBT people who can’t rely on the law to protect their unions.

To me, one of Ms. Chatzky’s most interesting assertions was that many of the steps toward financial maturity take place around traditional, heteronormative milestones: “Get married: Merge your financial lives. Have a child: Buy life insurance and start saving for college. Stay single: ummm.” Read the rest of this entry »

Diamonds Are A Tradition That Gay Marriages Can Do Without

@ 6:14 am

I’ve been giving a lot of thought to how I want to propose to my partner. Do I want to do something simple and romantic? Something dramatic and public? It’s not something I ever really thought I’d need to consider, but lately I’ve been searching around on the web to see what other gay couples are doing. As more and more same-sex couples have weddings or commitment ceremonies, it is tempting to adopt much of the ritual that heterosexual couples have long used, but there is one part of that ritual that will not be making it into any of my own plans - diamonds as a symbol of love.

The demand for diamonds is the result of what has probably been the most successful marketing campaign in history. De Beers has controlled the majority of the world’s diamond supply since about 1880. As people became aware that diamonds were really as common as cheaper gems, demand fell through the 1920’s, 1930’s, and the Great Depression. Then, in 1947, De Beers launched their “Diamonds Are Forever” campaign. Ultimately, De Beers marketing was shockingly effective at convincing people that diamonds were the proper way to express love. They also managed to convince families to hold onto their diamonds as heirlooms, keeping used diamonds off the market. Hollywood helped out by enshrining the idea in films such as the hit musical “Gentlemen Prefer Blondes”, which included the now-classic number “Diamonds Are A Girl’s Best Friend”. You can’t buy advertising that good. As demand rose and De Beers purposely restricted supply, diamonds commanded a premium, all because of good marketing. The recent movement against blood diamonds has helped by further restricting supply. Read the rest of this entry »

Spending Money on Same-Sex Anniversary Gifts

@ 5:06 am

wine glasses“True love comes quietly, without banners or flashing lights. If you hear bells, get your ears checked.” – Erich Segal

Jeanine and I celebrated our fifth anniversary last Thursday. We never had a commitment ceremony and although we consider ourselves married, neither one of us ever had a burning desire to stand up in front of our friends and family and profess love for each other. Quite frankly, we both think the white dress ritual is a bit much – especially knowing that my family would wince at the spectacle of two lesbians exchanging vows in wedding gowns and boycott the entire event. Even I sometimes think queer ceremonies seem nonsensical. Some people want one and that’s fine for them… but it’s unlikely we’ll ever have a “wedding”.

That said, I thought it was important to have a fortieth birthday party and we’ll do the same for Jeanine early next year. We spent a small fortune on mine (done fashionably at the Avalon Hotel in Beverly Hills). I paid a handsome sum for my outfit as well. Jeanine thought my birthday budget was very unNina-like, but I justified the expense by saying that we never had a wedding so I thought we should make up for it on our milestone birthdays. A life event like this has a way of marking time and is money well spent. Of course, next time I’ll think twice about hosting an open bar. Beer and wine only for those lushes. Anyone want to guess what a martini goes for at the Avalon? Read the rest of this entry »

Maybe it Pays to be Married

@ 10:06 am

I spent a good part of the day yesterday chewing on a WTF? moment after I finished reading a post Nina sent me from the Time Work in Progress blog. The post called, “Gay men earn less, but not lesbians,” discussed findings from a study by the University of New Hampshire Whittemore School of Business and Economics. According to the post’s author, Lisa Takeuchi Cullen, “The authors [of the study] analyzed labor and wage information from more than 91,000 heterosexual and homosexual couples collected by the U.S. Census March 2004 Current Population Survey.”

Something about the numbers in an excerpt didn’t sit right with me, and I couldn’t put my finger on it.

“gay men who live together earn 23% less than married men, and 9% less than unmarried heterosexual men who live with a woman.”

Thankfully my partner was able to nail it: Why are unmarried heterosexual men who live with a woman making 14% less than married men? Read the rest of this entry »

Same-Sex Marriage: Why Canada?

@ 6:01 am

I met Joan T. Sherwood after she left a comment on the post entitled: Big Love, Alimony and Same-Sex Marriage. From our email exchange later, I learned that she traveled with her partner to Toronto to get married. Her reasons piqued my interest and she agreed to write a guest post on the experience. These are her words…

Joan T. SherwoodIn 2003, after a long frenzy of anti-same-sex marriage legislation on state and federal levels here in the U.S., an Ontario court ruled that same-sex marriages were valid. Ontario law changed immediately, and the Registrar General of Ontario began accepting registration of same-sex couples’ marriage certificates. On that day I proposed to my long-term partner, Deb. Granted, not in the most romantic way possible. Read the rest of this entry »

Big Love, Alimony and Same-Sex Marriage

@ 5:41 am

“Congratulations gay people — you are about to discover the joys of alimony.” – Craig Ferguson, on legalizing gay marriage

Gay MarriageJeanine and I only watch television once a week and right now our show is “Big Love” on HBO. Big Love is about a polygamous suburban family living outside of Salt Lake City. Jeanine’s ex-girlfriend, Deb (from years ago and best friend forever), joins us on Monday nights. Mostly because Deb needs a place to do her laundry but we all got hooked on the show last season. Deb and I refer to each other as sister wife.

When Big Love first aired, many parallels were drawn between the gay marriage movement and polygamists. At first I was really offended but then the longer I watched the show, the “Henricksons” seemed increasingly like other families. Normal. Maybe that’s how straight people feel about gays when they first get to know us. Read the rest of this entry »

Not Quite Freedom for All When It Comes to Same-Sex Marriage

@ 4:43 pm

It’s a strange coincidence that I had to serve jury duty on Valentine’s Day. As I was sitting through the jury selection process, listening to people try to weasel their way out of their civic duty, I kept having this nagging annoyance of unspecified origin. I had never served on a jury before, and I was sort of excited to participate in the process despite the bad timing for me to be away from work. But something was upsetting me, and I couldn’t figure out what until the eighth or ninth potential juror gave background information about her spouse and children.

FlagIt became apparent that I was the only partnered gay person in the jury pool. I’m in a courtroom, looking at the American flag, a judge, a court reporter, attorneys, a defendant, the whole justice system in process, and I’m the only person in the room who cannot legally marry my partner because of our federal laws.

Although we haven’t made a formal commitment yet, Zac and I consider each other as family. The time for a ceremony will come at some point after Zac finishes graduate school, and when we figure out where we will call home. The reality before us is that we can’t settle down wherever we please. We are both working very hard to make a good life for each other, and thus we want our union to be met with the same legal privileges, protections and benefits extended to heterosexual couples.

It’s not a matter of “we want what they have.” It’s a matter of dignity. Read the rest of this entry »

Wedding & Commitment Rings for Gays & Lesbians

@ 6:22 am

“Love does not consist of gazing at each other, but in looking together in the same direction.” – Antoine de Saint-Exupery

Love and PrideWe’re still not pregnant but throughout our baby-making attempts Jeanine has sat in numerous waiting rooms surrounded by mommies-to-be. She has already told me that when she is pregnant and showing that she wants to start wearing a wedding ring. Her reasoning surprised me a bit. She said that it’s because she doesn’t want to walk around looking like an unwed mother.

We’ve been together over four years and have discussed exchanging rings and shopped for them on more than one occasion. But for me personally, the thing holding me back from the purchase is one of finances. We both have in mind what we want and the one that I want is in the range of $12,000. In my opinion this is an obscene amount of money so I’m willing to wait until we are in place where we could comfortably afford it. Read the rest of this entry »