Reply to Awkward money situation with friend who pretends not to be wealthy

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[quote=Anonymous][quote=Anonymous]My husband grew up pretty poor on a farm and will always have a frugal mindset. Our HHI is around 800k (it wouldn’t matter if it were 3m; nothing would change), yet he scours Craigslist and Nextdoor for deals on things like patio furniture because he can’t stomach the idea of buying new. He feels very awkward about large expenditures on things that aren’t strictly necessary.

Your friend may very well not be putting on an act.[/quote]

Yes. A lot of times even people who have a lot of money still feel compelled to be frugal. Also, speaking of someone who comes from a family with a lot of trusts, you don’t actually know that she has much access to the money. For example, the trust could be written in a way such that the trustee could give them money to buy a house, but not to supplement their social spending. And if they divorce it’s not her money. And if he dies, there’s a good chance it will go directly to the children. So she may actually be trying to be frugal with their marital assets, which is whatever they are earning from their jobs.[/quote]

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