But if you are able to establish things like that when you get married, should you be able to establish a budget?
good point, a lot of people don't know who they're marrying until it's too late though. not everyone has the discipline.
haha..I don't have an HDTV either...and I work in TV. no need to buy a new TV when the old one works great right? Did you know that in 2008, while people were constantly complaining about the economy..that 60%, yes 60% of Americans were planing on buying new flat-screen TV's that year. crazy.
My thing is, if separate accounts work for some and joint accounts work for some then what is the problem?
I can't rep you, dammit. This post is full of truth. The spender-saver argument is stupid because eventually the saver will have his/her ass handed to them when BOTH folks retire or the other has a "financial emergency". The "my money my business" argument is stupid because you're married and hopefully old enough to not need to hide stuff from each other. Sheesh. Either way, it sounds like an extremely goofy way to ignore issues.
he can save up for a big purchase (if that's what he chooses) while his wife can buy typical girl crap. More or less, it's like a peace of mind thing. When he comes home he doesnt have to worry when he sees a pile of Nordstroms bags piled in the corner. He knows it was her cash. With a joint account, he may be more worried that she may have got a little carried away. Now i know what you're thinking...if she wanted to spend more she could take from the joint account. True, where there is a will there is a way. But, assuming she's not a total horrible person, that wouldnt happen.
Who said there is a problem? Speaking for myself, I am just curious as to the reasoning behind it and am enjoying a thoughtful discussion. I don't believe anyone in here has said you are wrong to do it one way or the other.
Yeah but what bugs me is people give those reasons and then the other side says well it is the same as doing this. No, you're not really saying there you have a problem but you are saying doing it a different way isn't logical. All I am saying is maybe it is for some.
LOL It seems on the rare occasion I make a good post Rhad is right there to tell me he's unable to spread the cabbage. I wasn't even thinking about this, but a great point. Spender/saver. Does this mean the saver just gets to save for both of them?
Not at all. I'm having a discussion and learning why this works for the people who do it differently than I am accustomed. Some of the reasons aren't logical, but some are. I counter with "isn't that the same as this" to get the explanation of why. I am sorry if you are taking offense. I clearly stated that people need to do whatever they need to do in order to make their marriage work. I am just curious about it.
OK, it sounds stupid and goofy to you. Fine, we get it. You do things your way and I'll do them mine. I'd say they both seem to be working OK.
I realized that after I pressed submit. I recognized the envelope stuff in your first post from his program. Our snowball will be paid off by this time next year and we will be moving on to baby step 3. (only a fellow Ramsey listener can decipher that last sentence) I started a thread a while back asking about buying a car for 3K. If I could pay cash for a somewhat reliable clunker and get rid of my car note, the snowball would be killed by the end of the year!
Jebus. Who pissed in your cheerios? I don't care what you do. For what it's worth, we tried the "joint account with seperate allowance accounts" method and found it unnecessary.
It's called a discussion. A debate. Someone posts a reason. And I counter with maybe another way of thinking that maybe they didn't consider. And they do the same. And yeah, maybe something that didn't quite click for me gets explained and now it does.
Saver is probably a misnomer. the purpose of having separate accounts is so each person can spend the money however they wish and to keep the "spender" within spending too much. The joint account is really the savings acct.
You seem to be taking this very personally. Perhaps you should check out? It seems to me that all the terminology thrown around really boils down to "privacy in spending" and "lack of discipline and/or faith in partner's discipline." Privacy in spending=I want to be able to spend money on whatever I want without having to answer questions. Video game, shoes, p*rn, traditional thai massage, hamburger, etc. without getting the old "why did you need..." lack of=if access to a bank account with larger sum of money you either are afraid you wouldn't be able to control yourself or she wouldn't be able to control herself. This is the old "cash in the wallet is already spent" issue that a lot of people deal with. If you have access to it you will spend it.
Nobody pissed in my Cheerios but you calling my and every other person's decision to have separate account stupid and goofy doesn't help. Like I said, do what works for you and offer insight on others methods but is there really a need for insults?
