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Reply to "Taxed a lot because spouse makes six figures. "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I just don’t understand why you work. If that income is making a big difference, I’d rather find a better budget. Does he not let you access his income? Is the 10k your personal spending money?[/quote] Op here. So after taxes and insurance retirement match, his income becomes 3900 twice a month. We spend about 3500 on mortgage, hoa. He says $2000 for food and household items. $800 for mutual funds, and he's paying extra on the mortgage, $1100 to pay off the house faster. I told him I needed to spend money to get a haircut ond not have him asking me about my purchases. It takes the joy out of spending when he's constantly asking why I bought something. He said he could budget $200 for me a month if I wanted to quit my job, and it could go to my checking, so he's not keeping tabs on how it's spent. Whenever I spend money on things, I always feel guilty, even if it's groceries. I feel like he doesn't understand what something costs and wants me to preform magic and somehow have a lot of food, nothing for the kids but not spend the appropriate amount. [/quote] Ok so if you are paying $3,500 per month on a mortgage that is probably throwing off about $33,000 a year in mortgage interest. So now you are itemizing. Which means your tax rate is even lower. Why the hell would he pay an extra $1,100 a month at a mortgage with presumably a 3% interest rate? Especially if you are having cash flow issues? Your husband sounds like a financial moron. You also have too much house.[/quote]
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