Reply to My wife wants a $8,000 handbag. Please help!

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Reply to "My wife wants a $8,000 handbag. Please help!"

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[quote=Anonymous]This sounds unreal, but encase it is:

1. You obviously cannot afford the bag.
2. You urgently need counseling. She cannot cash you worthless.
3. The SAHM life is hard to navigate in that you’re thrown together with some very wealthy women at times. It’s hard not to be jealous when your new bff has multiple expensive whatevers. The solution is to have to have really great boundaries and focus on what a privilege it is being a SAHM. Your wife is failing at this.
4. You need to budget down to the penny. We use an app called Monarch for this. Everyone gets a discretionary budget. If she wants to save her discretionary budget for a few years and buy a Chanel purse, more power to her.  
5. You need to lock the credit of everyone in the family. You don’t want her creating new cards. 
6. She needs to go back to work. Any money left over after daycare costs can be split between the 529 and both adults’ discretionary budgets. (You also work full time and probably like nice things. ) I disagree with whoever said that the first $8000 profit she makes buys the purse. She’s an adult and can save like one. [/quote]

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