Hoarding Treasure like a Dragon: How to Avoid Lifestyle-Creep

The Something Awful Forums > Discussion > Ask/Tell > Business, Finance, and Careers > Hoarding Treasure like a Dragon: How to Avoid Lifestyle-Creep

SiGmA_X: May 3, 2004; SiGmA_X

Pryor on Fire posted:

I couldn't even imagine being in a relationship with someone and having totally separate bank accounts and a fuzzy idea of what the other person is making or spending, that would drive me batshit insane. Like maybe if you're both doing very well, you have no debt and your savings is increasing by 5K a month, then who cares you're fine, but otherwise it sounds like a great way to end up in divorce court.

No kidding. Finances shouldn't be an argument. Civil discussions about what you both want and how you're going to reach those goal is a critical thing in all aspects of life, especially financial. OP, how you describe your life with your wife and your income discrepancy makes it 100% clear that you two should have combined finances.

# ¿ Mar 16, 2016 00:57

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# ¿ May 21, 2024 21:55

SiGmA_X: May 3, 2004; SiGmA_X

Dustoph posted:

Add her income to the budget. Add her spending to the budget. Presto, combined budget.

Yep. It's really needed. She can have her own blow money and she can keep funding groceries. But you're a joint venture now. Account like it.

# ¿ Mar 17, 2016 21:06

SiGmA_X: May 3, 2004; SiGmA_X

oRenj9 posted:

Oh man, 11 cats and a Mini Cooper: this thread delivers.

You need to prioritize. You guys just don't make enough money to justify a financed Mini and a $150/mo cell phone bill. $30/mo for pool access?

You are $700 in the hole each month! Even if you did manage to pay off all of your debt, you'd still have no money left over each month. You need need need to cut expenses to the bone until your wife finds a better paying job, that means no MINI, no pool, cheap phones.

Cricket may be a good phone savings tool. $70/mo for 2 lines with 2.5GB of data. Though I think the real solution will be no MINI and real job for wife.

# ¿ Mar 23, 2016 05:58

SiGmA_X: May 3, 2004; SiGmA_X

I'd consider paying the phone off and switching carriers. That'd save you a fair bit per month.

I think you and your wife should setup a financial plan together but that's just me... It's hard to plan a life together when you plan separately. What's her plan for the inheritance? Mutual funds? What type? Etc.

# ¿ Mar 23, 2016 17:28

SiGmA_X: May 3, 2004; SiGmA_X

What are you invested in?

# ¿ Apr 1, 2016 23:04

The Something Awful Forums > Discussion > Ask/Tell > Business, Finance, and Careers > Hoarding Treasure like a Dragon: How to Avoid Lifestyle-Creep