Reply to Divorcing wife over her spending

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[quote=Anonymous][quote=Anonymous]OP, consider a "financial divorce." Start by determining how much each of you needs to contribute to a joint checking account to maintain a mutually agreed-upon standard of living, including funding 529 plans for education. It's important that both of you also contribute to retirement accounts directly out of your paycheck before money hits the joint checking account.

Agree to hold regular meetings to review the family budget and investments, as well as to discuss each other's credit reports (and do pull them on both of you). Any extra money that you earn, which isn't required for agreed-upon expenses in the joint checking account, can be invested in a brokerage account that you manage. You can designate her as the beneficiary of that account, but she won't have access to make withdrawals.[/quote]
+1. I've always monitored our joint account carefully, and she wanted a way to spend money on certain things without me seeing it. So she created an account in her name only and a portion of her paycheck is direct-deposited to that account. Now that we've figured out what that budget would be, we discuss our finances less frequently and the discussions we do have are much easier.
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