Monday, July 13, 2009

Money

I am obessive about money, but I think I am also just selfish about it.

Though I think I'm fairly responsible about it.. now that I am getting married, I have to support the family but in my case since I have a housewife I have to pay for her as well which is a different thing than I'm used to. No matter the case it is hard to imagine giving someone allowance.

But there are really 3 scenarios which all my married friends concur with on the right one. Take a guess.

1) Share the money, let wife have open access to accounts and be responsible.
2) Give wife allowance w/ enough to let her save some money for whatever she wants.
3) Give wife tight allowance and have her ask for big purchases.

For some reason its rare that (1) works or maybe my friends have irresponsible wives. but I think woman are just different.. they like to shop. Its a well known problem. They also don't realize the money tree doesn't grow on its own and has an end if you keep drawing from it.

Anyways my sister said you should spend 27.5% on housing at the most. Okay I spend 22.5% housing (Gross). But then she said save 30% gross, and I said hmmm that sounds high! I was looking at 30% net instead of gross.

Oh well all this thinking can create bad blood. Live free!!!

Unfortunately the "live free" idea fails in the face of marriage and kids. I need a new motto.

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