Reply to Divorcing wife over her spending

Forum Index » Relationship Discussion (non-explicit)

Reply to "Divorcing wife over her spending "

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]You guys are missing the point. OP makes close to 500 but that’s before taxes. They probably make like 350 after taxes. Op said they spend 300k a year. That’s not a lot of money to be saved and a huge amount of money to spend for a family of 4. 
[/quote]

Exactly... The wife thinks they are filthy rich the way she's spending. 
Red Flag!

[/quote]

Mmmm, yellow flag.

My guess is that having money is new to both of them.  Old money folks don't think the way either of them do.  So the question is how to get them both into the "old money" way of thinking.  Budget, agree, budget, agree, repeat until desired outcome is achieved.  Post tax savings are part of a budget.  Investing is part of a budget.  Trust funds for kids are part of a budget.  Charity donation is part of a budget.  Education is part of a budget, including 529s, private school, tutoring, etc.  Groceries, summer camp, clothing - everything has a category in a budget.  They are high income, but probably not rich and not on their way to rich.  What is their goal for rich? How do they get there together?  These should not be emotional discussions, but pragmatic objective ones - strategic.

BTW, financial independence is easy to achieve with that income if that is your definition of "rich".  You just need to agree on a suitable lifestyle.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics