Reply to If you are a SAHM do you get an "allowance"?

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Reply to "If you are a SAHM do you get an "allowance"?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Growing up, my parents did the opposite.  My mother was a SAHM.  My father originally handled the finances but my mother would overdraw the joint checking account, would spend more than the monthly discretionary spending (so my dad had to take money out of savings to cover), etc.  He finally got fed up and changed it so that his paycheck went into the joint checking account and he would transfer a small allowance back to his own checking account.  She then took over the the household expenses.  She could then see how much she spent on groceries, utilities, mortgage, etc and would know how much she had to spend.  She could see that if she spend extra on new furniture that the family would not be able to go on a vacation in the summer, etc.  It improved our family financial situation because she had all the information needed.  Periodically, my father would take some money out of the joint account to put into investments, but he let her know before doing that.

This scenario definitely strengthened their relationship as they had less stress over money which is the #1 cause of marital strife.[/quote]

Lucy Ricardo. :P [/quote]

Hahahaha.  That's a funny reference.  While my mother enjoyed "I Love Lucy" she was about as far from Lucy as you can get.  She was a naturalized Chinese American, very down-to-earth mother.  The only thing they had in common was that they were both extroverted outgoing personalities.[/quote]

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