Similar to you guys, I dont bitch about it, as she is pretty cool about my activities. Our friend does her hair every 4 months. For the whole works, she gives her $75.00. I know it cost's a hell of a lot more than that at a salon. I buzzy my own with a #2 every couple weeks. I miss the ambiance of the barber shop growing up. The dirty jokes, cigar smoke, and bullshit stories of all the old timers in there.
How much does your ol lady spend on a haircut?
- Thread starter Bigslam51
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We both have personal accounts where we send a small amount each pay period for personal spending items like gas, haircuts, and random incidentals like midnight runs to speedway for lemon heads.. Both amounts are the same regardless of pay differences. For the most part that's our personal spending money. The remming vast majority is direct deposited to a joint account where things like utilities, groceries and all other bills are paid. For small elective incidentals like going out to eat one of us pays from our personal account. We maintain a joint savings account at a CU in another state and at the end of the month the remaining balance of the joint account is transferred to that savings.
This really allows us to effortlessly keep an eye on our spending habits and manage funds better. Really takes the hassle out of budgeting, monitoring spending, or even having to pay attention to it.
Before someone asks "why a Credit union in another state"". Well because I'm a paranoid asshole. I don't like keeping any amount of money in a state that has judicial power over me. Let's say I'm sued in a frivolous lawsuit, their lawyer moves to freeze my assets. It's far more difficult to freeze a bank account located in another state with a bank that does not have a business presence in my state. 1. Their lawyer will likely not be licensed to practice law in that state. 2. An Ohio's judges order will not have jurisdiction to freeze assets in that state. 3. Most credit unions are local and have no business presence outside their small geographic area. Not that I have a lot of money but I'll be damned if someone will lock up my ability to provide for my family without me putting up a fight.
I don't have anything to hide. She knows I spend money more foolishly than she does. She doesn't care. She knows she has my heart. She knows I work hard and provide for the family in more ways than just finances. She has access to all my accounts. I have access to all hers. We simply trust each other (don't read too far into that as I am not insinuating you and your wife don't trust each other). She has never failed to get money out of me when she has needed some extra. I show her updated financials every few months. Net worth of personal assets/net worth business assets. As long as they are both going in the right direction, she sees the big picture. She is a cheapskate like me on day to day stuff.
My methods of budgeting, saving, investing are sort of along the lines of Dave Ramsey's envelope system. They are very disciplined. I have 3 checking accounts, and around 8-10 savings accounts. One checking account might be bleeding and begging for funds while another sits flush. Doesn't matter. You don't rob one to pay another. Each one has a purpose. Even my wallet has separate compartments for different monies (ex: incoming rent cash to deposit, emergency fund, spending money).
Campfire discussion. I have probably said too much over the internet already. lol
Also- If I were on a salary or drew a weekly paycheck. . .I believe it would be different.
Ohiosam
*Supporting Member*
We are both pretty frugal, so it's not an issue. Bought the farm when we were in our mid 20s. Had saved up a good down payment by then. Started early in our marriage putting money in IRAs. Have a low debt to asset ratio. My wife quit her job last winter after 34 years at 54. Not rolling in dough but we are ok. So if she wants something she gets it, I know she isn't pissing it away. And I think she feels the same about my spending.
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bigten05
*Supporting Member*
My wife's friend does her hair I don't know how much she gives her. We have separate accounts also I pay 90% of the bills and we both have money left over each month. I got tired of her telling me we didn't have money when I knew better.
:smiley_clap:. You have a joint account somewhere. I was thinking you all meant no joint account, none.
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Oh yeah. The vast majority of our funds are direct deposit to a joint account. We just keep separate accounts for personal budgets as it's way easier to keep an eye on spending that way.
We have a joint checking, as well as 2 joint savings accounts. Our personal checking and savings accounts are designed for our own casual spending and bigger purchases. It's not designed to hide things, it's designed to let you do as you wish with your "free" money. Our joint checking is what we pay bills, gas and food with. One joint savings is for life things like future lay offs, home/land/vehicle purchases, or major fixes to the house. The other joint savings is for vacation and any other pricey extracurricular activities we want to partake in. The division of $ is based on pay since I bring home 45% more money. In other words, my salary pays more than "my share" of the bills, but I also have more "free" money to spend.
At the end of the day, my wife has never paid a bill and wouldn't know where to start. I handle every penny we make and that's how she wants/likes it. Neither of us are hiding things from the other. We're certainly no financial experts, but our bills always get paid on time, we have fun living life and we are saving appropriately, so I don't worry too much about whether we're doing it "right".
At the end of the day, my wife has never paid a bill and wouldn't know where to start. I handle every penny we make and that's how she wants/likes it. Neither of us are hiding things from the other. We're certainly no financial experts, but our bills always get paid on time, we have fun living life and we are saving appropriately, so I don't worry too much about whether we're doing it "right".
I should add we both have retirement accounts, a 529 for K, an IRA for K and I have a separate IRA. I'll be opening another IRA for Tracie next week. We contribute to all retirement/college savings via DD, so it's all handled before we ever see our checks show up in our accounts.
Joint everything. I keep "hustle money" separate in the safe. It is extra from small jobs, flipping items, gun running. Lol. That is a hobby for me and I keep all the cash from it and hustle more.
My wife is not a spender besides vacation. She likes a couple big vacations a year. Whatever she buys I don't care, usually it is needed. Anything larger than a $400 tag is discussed. She doesn't spend large amounts for specific items, I do. She could nickel and dime us to death but it seems we have had that discussion enough now once I put all spending into a chart (quickbooks) a few years ago. That $20 everywhere hit when she saw the pie chart for two months.
She has no care about the hustle fund as it doesn't effect anything and she knows I would sell every last toy, gun or tool in a second if the family needed anything.
We lost everything a decade ago. I finally feel like we are back on track to where we would have been if we hadn't hit that bump in the road. I left my job of 13 years and she was laid off a 9 year job a week later, no warning.
My wife is not a spender besides vacation. She likes a couple big vacations a year. Whatever she buys I don't care, usually it is needed. Anything larger than a $400 tag is discussed. She doesn't spend large amounts for specific items, I do. She could nickel and dime us to death but it seems we have had that discussion enough now once I put all spending into a chart (quickbooks) a few years ago. That $20 everywhere hit when she saw the pie chart for two months.
She has no care about the hustle fund as it doesn't effect anything and she knows I would sell every last toy, gun or tool in a second if the family needed anything.
We lost everything a decade ago. I finally feel like we are back on track to where we would have been if we hadn't hit that bump in the road. I left my job of 13 years and she was laid off a 9 year job a week later, no warning.
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Let that be a lesson to anyone out there living to work instead of working to live. Companies could give two fucks about you. When the going gets tough they'll cut your throat in a heartbeat regardless of your tenure or performance. I have been on both sides of this table. We like to tell ourselves that those people twhi got laid off did so because of lower performance or some other justifiable reason. I have seen instances where a quality performer with tenure got laid off because he made $10,000 more than his counterpart. Never mind that his counterpart was a fucking imbecile and the reason he made so much less is the other guy was a consistent performer who had earned quality raises. It's all about money.
Me getting laid off did more for me financially than I could have imagined and it's largely due to the lesson that I'm just a number on paper.
Joel
Senior Member
This is cool to see how everyone differs in their approach. Is anyone married but is completely separate account wise? Again thats what I was thinking. Entertainment/spending money alone is common.
That is great to hear Sam! I look forward to retirement but know there is a lot of life to live in between so I am in NO rush. Congrats to your wife!
Not "completely separate" but might as well be. I don't see her check. I never look at our "joint" checking or savings accounts. Those are hers to do as she wishes. She has bills she pays. I have bills I pay. Neither of us are getting phone calls about the other being delinquent. Kind of the no news is good news approach. I know when she is called off 1 day in a pay period she is okay. If called off 2 days in a pay period she usually asks for some help on her end. Never broke down percentages, but we both know I pay more than my share. Early in our marriage it was the other way around. As our business grew, family changed, wife quit her job to go back to school. . . I took over a larger portion. Like stated earlier: Nothing to hide. No secrets. Just the way it works for us. The longer we are married, the less she cares about money i make. Every rental property purchase, retirement investment, etc, she doesn't care. She always says "I trust you. You have made good choices in this department and I don't want to learn what you have studied to do so." She does gripe about the percentages she pays into her retirement and our retirement accounts. It straps her sometimes. Then I show her balances going the right direction and she forgets about it. Now the challenge is to get the kids thru college, pay off her student loans, continue saving for retirement, and live long enough to enjoy the fruits of our seeds we have sown. If one of us dies before 60 or 65yrs old, it was a waste. We should have just spent it along the way and enjoyed life more. That is the risk we take in investing for the future.
Was in line at the grocery store yesterday behind a 400 pounder with the most intricate braided hair dripping down below her waist with a bundle the size of a basketball on top of her head. Of course she paid with her Ohio Direction Card for the food. She probably spent a week at a hairdresser. She probably was a "hairion" dealer.