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Reply to "How Much Allowance do you Give Your SAH?"
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[quote=Anonymous]If the $10,000 is for "clothes, jewelry, entertainment" that's ridiculous even if you're making $1 million+. $120,000 is 12% of your gross income and likely 33% of your after tax and after fixed costs income. (mortgage, schools, household expenses). Our HHI has been at or above that level for over ten years and I can't imagine me spending $10,000 a month on "clothes, jewelry and entertainment". Give your wife a credit card that is only to be used for her "allowance" expenses and you will quickly see where the money is going. I would also suggest you tell her to stop hanging out with high maintenance friends.[/quote]
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