Reply to I'm not even sure what my question is, but I'm sure you all will have something to share. Wife overspending

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Reply to "I'm not even sure what my question is, but I'm sure you all will have something to share. Wife overspending"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We used to make about $375K a year. Had kids. Wife stayed home and lost her like $60K income. She never went back. Kids are 18 and 16. My work slowed and took a pay cut. We are now at about $210K a year. When things were good, I maxed out everything. Our home is paid off and worth about $900K. We have about 2.5M in investments(retirement and investment accounts).  I'm 53. She's 49. My wife has NOT realized or acted like our HHI went for $375 to $210K. We over spend every.single.month but she just wants to take it out of our savings/investments. Although we have about $3.5M in total assets, we spend more than we bring in every single month. She thinks its fine. I'm like...we are not selling stock to pay for monthly expenses! How do I change her attitude? This is crazy. I know we have some assets but if we are to retire in a few years, she needs to cut the crap! Luckily the stock market has been doing well and making up for her spending but now that the marker is crazy...I'm very nervous.  Any thoughts? [/quote]

Is she going to go back to work in 2 years?  Or is she just retired for good?  If your argument is that you need that money for retirement and she feels retired, she may think it's a distinction without a difference.[/quote]

I agree with this.  Also, I think you just have to bite the bullet and have the conversation with her.  Respectfully.

[b]Also, after 18 years out of the workforce, given that her job wasn't that lucrative in the first place, she probably can't go back to work and earn a lot[/b].  That ship has sailed.

[/quote]

PP you're quoting and I agree with the bolded but if any of the spending is boredom or just constantly updating the house because she's always there, getting an easy part time retail job still might change the dynamic.  Plus the kids will be gone so some expenses will fall off.[/quote]

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