Has your wife ever gone crazy with the checkbook and drained your savings?

55 Actually..
& I'll hazard a Guess that you're no older than 31or 32.... (not that I care)

However, Last Time I checked Both Trust & respect are Ageless...

 

You can have direct deposit to 2 separate accounts.
Split your check up any way you want.
That way she can't blow it all.

 

I personally belong to 2 separate credit unions, each with share savings & share checking accounts:
1) Credit union #1 has money for rent, car insurance, renters insurance, AAA dues & upcoming Medicare premiums. I will be 65 next year, (2021).
It is absolutely essential to NEVER lose my apartment or car. I do put a good percentage of my paycheck into credit union #1.

2) Credit union #2 has the remainder of my income, which is used for groceries, utility bills, (gas & electric), telephone & internet, & various other miscellaneous bills.

Whatever is leftover in credit union #2, I will do these 2 things:
1) Replenish credit union #1. Again, it is absolutely essential to NEVER lose my apartment or car.
2) Once the replenishments are done, then treat myself to some fun & entertainment.

NOTE (1):
I am an absolute stickler when it comes to paying bills. Many ears ago, I was SERIOUSLY many thousands of dollars in debt. By the GRACE OF GOD, I was able to pay it all off. Ever since then, I became a real stickler about paying bills, and CONSERVING money.

NOTE (2):
1) Last year, 10/24/2019, I purchased a 2016 Kia Soul car with 35,700 + miles on it. It was a single owner that was kept in excellent condition.

2) The total cost of the car, with warranties, etc. was $15,000 + some change. I paid with a certified check of $10,000 + some change, and charged the remaining $5,000 on my credit card. In the past, I had put money aside over the years to be able to put the cash down.

3) Over the next 2 months, when overtime at my job was still quite plentiful, I paid off the $5,000 owed on my credit card. I volunteered for and worked a RIDICULOUS amount of overtime to accomplish this.

4) In the mean time, I was able to get the title to my car. This was all done on 12/20/2019. My car was recently serviced October 2020 under the warranty. It is currently in tip top running condition.

NOTE (3):
1) I have never been married and never had any children. I actually checked to be sure of this.
HOWEVER, I do HOPE that the information I put out may be of some help to someone needing it.

God bless every American and their families! God bless the U.S.A.!

The absolute sheer driving force of our national economy - without truck drivers, our entire national economy would come to an absolute standstill - if not outright be dead.

Over the mountains, through the woods, into the valleys, coast to coast, from sea to shining sea - truck drivers can and do go anywhere and everywhere, every day, all year round.

 

id never have a joint account with a gf be hard enough with a wife

 

Yes one does tend to think us guys get the rough end of the deal with this scenario I wonder how she'd feel if it was the other way around and she was the main bread earner and the hubby went off and spent all their money on useless items? After such an episode yes I'd keep a couple of accounts for sure I'd have the main account where all the pay checks are deposited than a separate one for her that I paid in a weekly allowance. If she wanted a divorce that would tend to make me think she never really loved me in the first place and I'd be better off without her. Again the guy is always made to look like the villain.

 

really good point

The absolute sheer driving force of our national economy - without truck drivers, our entire national economy would come to an absolute standstill - if not outright be dead.

Over the mountains, through the woods, into the valleys, coast to coast, from sea to shining sea - truck drivers can and do go anywhere and everywhere, every day, all year round.

 

[QUOTE="gentleroger, post: 10611432,
The multiple account strategy is basically the same idea and is something I recommend to all of my trainees. They can still be "joint" accounts, with both people having access to them, but with only one person working out of each account it avoids errors.[/QUOTE]

I can't agree more with this!! This is what my wife and I do and it works for us. Our names are on each other's accounts but we don't write checks out of the others unless we ask the other to do it. I need to be more thankful I've got the wife I do after reading this thread. When we started dating 25 years ago she spent about everything she made and I've always been tight. It wasn't quick but she learned it's nice to have a cushion to fall back on. She doesn't check prices like I do but she isn't bad either. I check prices too much probably and have lost out doing that as well. Along with driving myself and her nuts in the process at times.
I wouldn't be with someone I couldn't trust or had to control at all times. I also wouldn't have a wife that didn't work unless there was a #### good reason. Wanting to sit at home is not a good reason, get off your butt and get a job. I know she feels the same way I do.

Neither one of us care for government leaches either, we don't want to pay for someone else's laziness. Sorry about the little rant there just have someone who feels that way that's a friend of ours.

 

God put you in charge? You couldn't figure this out for yourself? Sorry you are so helpless.

 

You cannot just throw money around and hope for the best. You have to run your life like a business. You have to keep money in an emergency fund. You have to have money in a fund in case you lose your job. Have to have something to live on until you find another one. So once all THAT money has been saved, then you can discuss allocation. Do we spend money on things that we enjoy together? Like a hot tub, big TV, etc. Then you decide how much personal money you can each spend on items for yourself. You must budget money for future expenses such as car repairs, home repairs, etc. so you don't get blindsided. A minimum of $10,000 in savings that never gets touched except for these things. After that you can divide up contributions after all bills are accounted for each month. Whatever is left over is put in separate accounts. So if I want a new CB and have $200 saved up I can buy one. If not I have to wait. Same goes for her. You both have to be on the same page. And those of you that finance anything except a house are wasting huge sums of money. If you want a car you save up for it. The mentality of making payments is a terrible way to live your life. Also remember when and if you divorce, things will be split 50/50 no matter who earned the money. You will add up your assets and liabilities. Anything left over will be divided equally unless one or the other can show just cause why it shouldn't be. If your wife runs up $10K in credit card debt, even if your name is not on the card, you own $5K of that, and vice versa. Even with separate accounts it is all tossed into the hat when you divorce. I cannot comment on the legalities of a LLC and how that is addressed. You should ask an attorney.

 

Men know this inherently. It is codified in the Bible. But not everyone follows the word. Do as thou May.