I keep reading on different threads about blow or fun money, or weekly allowances. Just wondering how many of you have these?
We do not do this, as I find the concept to be wasteful spending. All of our accounts are joint accounts, so if we need to purchase big things, they are reviewed and agreed upon by both of us. Middle of the road stuff, like new shoes for the kids or clothes, are mostly purchased by us together, as we shop together, but I do make online clothing purchases that DH doesn't know about, as I am mostly responsible for the kids' wardrobes. And we don't purchase things like coffee, fast food, manicures, etc. which is stuff that I see fun money being spent on. For me, since I can paint nails at home or make a cup of coffee for way cheaper, it's hard for me to justify fun spending money on these types of things.
Hubby has struggled with spending issues in the past - he has gotten much, much better, as they are emotional in nature, stemming from bad family issues, so if he had an allowance or fun money, it would get wasted, and this would bother me. I am a pretty mature and responsible gal, so the whole concept of money that gets spent on frivolous purchases just escapes me, as I would put mine into the savings account. Not having cash helps him, as he would waste money on little things that he didn't need like chocolate bars or milkshakes, as he used to do this, and it was a problem due to self control issues. So, he'd go and get gas, and instead of just getting gas, he'd buy 3 chocolate bars at the gas station, and eat those for lunch or a snack. These little purchases can end up costing a lot at the end of the month, so I need to watch this area.
At this point, I am in charge of finances, as I have no impulse or control issues, but neither of us really sees the need for individual fun money accounts/allowances, so I was just wondering how many of you do that, and why?
Tiger
We do not do this, as I find the concept to be wasteful spending. All of our accounts are joint accounts, so if we need to purchase big things, they are reviewed and agreed upon by both of us. Middle of the road stuff, like new shoes for the kids or clothes, are mostly purchased by us together, as we shop together, but I do make online clothing purchases that DH doesn't know about, as I am mostly responsible for the kids' wardrobes. And we don't purchase things like coffee, fast food, manicures, etc. which is stuff that I see fun money being spent on. For me, since I can paint nails at home or make a cup of coffee for way cheaper, it's hard for me to justify fun spending money on these types of things.
Hubby has struggled with spending issues in the past - he has gotten much, much better, as they are emotional in nature, stemming from bad family issues, so if he had an allowance or fun money, it would get wasted, and this would bother me. I am a pretty mature and responsible gal, so the whole concept of money that gets spent on frivolous purchases just escapes me, as I would put mine into the savings account. Not having cash helps him, as he would waste money on little things that he didn't need like chocolate bars or milkshakes, as he used to do this, and it was a problem due to self control issues. So, he'd go and get gas, and instead of just getting gas, he'd buy 3 chocolate bars at the gas station, and eat those for lunch or a snack. These little purchases can end up costing a lot at the end of the month, so I need to watch this area.
At this point, I am in charge of finances, as I have no impulse or control issues, but neither of us really sees the need for individual fun money accounts/allowances, so I was just wondering how many of you do that, and why?
Tiger