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I never tell my wife the exact dollar amount I earn and, like it's always been in my family, bank accounts are kept separate. There are less arguments when they're like this. Each person has their own money and can do with it what they want, to an extent. This sort of thinking has always worked well in my family history. My wife works and contributes to the monthly bill fund. Money goes into savings for the house and family and there's also a TOM fund that an amount, not known to anyone but me, goes into it each month. She might ask from time to time about it, but I am the man of the house and what I say goes. I work hard to provide or the family and so I am allotted certain privileges.
And why does she have to understand something for you to be allowed to buy it? Do you understand multiple pairs of shoes? Do you question the rationality behind all of her clothing choices? Of course not. One doesn't need to understand something to "grant permission" to purchase it. I think the wrong person has too much financial authority
Our household is totally opposite.
I've been giving my wife my paycheck since I was 19 and we started living together. That was 5 years before we got married. (I'm north of the half century mark now)
I honestly can't tell you what I make or what I net or what my bonuses are.
All in one pot. She manages all the household expenses. I manage the investments and rental income.
We ask each other about medium and large purchases but it is just being polite. We both know our finances and basically both are frugal. By the time we discuss a purchase, the calculus has already been done. We never had a need to dictate to each other. We are grown adults (practically grew up together) and have the same goals.
I have "permission" to buy a Kawasaki Concours or BMW now, but I am too damn cheap to write the check.
That is probably why I don't add doo-dads to my bike. I am a function over form type.
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