Reply to Do you rein in the spender in your family?

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[quote=Anonymous][quote=Anonymous]Op, we have a mid-seven figures HHI, all brought in by my DH and I am constantly giving him a hard time about watching our budget.

The thing is, DH and I sit down together at the beginning of the year and set savings goals for ourselves. We also set a general budget. It’s generous (we spend about $30k per month including our mortgage, not including income taxes or private school tuition) and then I expect us to stick to it.

We can afford to spend more than our budget, but what’s the point in making a budget if we aren’t going to follow it? I don’t mind if we overspend by $1-2K during a month, but there is no reason we should regularly be overspending that much each month. [/quote]

Well it depends your overall NW and how much is funneled to savings/investments monthly.  Because having a $30K monthly budget and only a NW of $3-4M, $3 K going to saving/investing and then going $1-2K over budget (thus reducing the investing) is very different than having a NW of $10-15M+ and having $5-10K savings monthly

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