Wednesday, March 28, 2007
Dealing with a Spouse and Money
Ok it’s a common problem...a spender and saver who share a bank account. The saver/spender relationship can often be difficult as the saver is always nagging the spender, and the spender is always accusing the saver of being “cheap”. Does any of this sound familiar? (I might be wrong, but I’m guessing that if you’re reading this you're probably the saver...)I’ve heard of many different ways to deal with this problem but the one I’ve found the best is to use an allowance. Each month both spouses get a certain amount of money in cash that they can blow on whatever they want. I find this to be the best solution as it keeps the saver from constantly nagging the spender about wasting money on crap, it lets the spender buy whatever they want without being hassled, and it lets the saver sleep like a baby knowing that their cash isn't getting blown.