Subject: Wife is terrible with money
I recently got married to a beautiful woman. She is sweet and I love her dearly. We have a problem, though. She spends our money without thinking, buying luxury items first that we really can’t afford and then afterwards we barely have enough to pay any of the important bills. When I try to talk to her about it she keeps saying “I don’t want to hear it” and starts holding her hands over her ears while shaking her head. She is not good with money at all. We will never get anywhere this way, and will probably be knee deep in debt soon. What can I do to get her on the right track?
Just ask the conductor which “track” is the right one for trains heading “out of town” and make sure she’s on the “next available”… Sorry… “bad” joke… In most marriages there is usually one member who can handle finances better than the other. From what you have said, it sounds as though YOU should be the one to take care of ALL monetary matters regarding the family. There have been studies done on people just like your wife. She seems like one of those consumers who shops basically to relieve frustration, which means that she doesn’t shop out of necessity… The best way to teach her the value of money is to give her an ALLOWANCE. Give her a certain amount from each paycheck and let her know that once it is gone, it’s “gone,” and she can’t get any more until the very next paycheck comes in. If necessary, separate your money from hers by getting separate accounts (with separate names on each account) so that your money doesn’t get caught up in her allowance. When you budget your money, it is always best to pay the NECESSARY BILLS “first” (like rent and food necessities, car notes, etc.), and then work with the money you have left over for other things you want. Also you need to pay attention to the “date” when certain bills are due. If she is buying luxury items first when she gets paid then that is a sure recipe for disaster. The best way to escape from this mess is to take the power OUT of her hands…When you start handling the money, it will also be important to put a little money aside periodically for emergencies. I can “guarantee” there will be a time when you WILL need it, and you will be glad that you have it to use… Make sure that NO MATTER WHAT you don’t give her anymore than what she is supposed to have, because then you will only end up defeating your own purpose. Above all, let her know that you love her, and that you are only taking the necessary steps to ensure a lifetime of happiness with her. She will think that is sweet (at least until the next paycheck comes in)… Be firm, but loving, and make sure that YOU control the money. Here is the “broke and busted” version of love from the Phantom Poet:
I really love my wife, and she is such a great lady
But we got phone calls from collection agencies saying “Pay me“
When the first of the month is here, our rent is always due
She will take our money and buy a furniture set or two
When I try to talk to her about it, she always screams and hollers
I sent her to 711 for a newspaper… She spent forty-two dollars
She asks me if she can borrow some money to get her finances on track
But every time she borrows it, I NEVER get it back
We have a problem here, and one that needs a quick solution
I think we need to find a better method of payment distribution
I need to put my foot down…I don’t want to seem like a wimp
If things don’t straighten up soon, I may have to moonlight as her pimp
So to keep our financial matters from going from bad to worse
When honey is in the ladies room, I go hide her purse
I destroy all her credit cards, and then I keep on steppin’
I went to register her bank account downtown as a “lethal weapon”
When it comes to spending limits, for her there is no dimension
When it comes to budgeting money, she can’t even pay attention
Our situation is so bad that we also need some government bailin’
Just yesterday she bought some expensive glasses like Sarah Palin
They cost WAY too much money, and that is a matter of fact,
“Until that woman takes office, you need to take that crap BACK!”
So if YOU have a wife who really doesn’t know how to spend
Put her on the right “track” and wait for that train to come back again
Hopefully after she returns she will have learned her lesson
And then hopefully your financial woes will no longer have you “stressin’”
Another “Bailout” moment from the Phantom Poet
If you have a topic that you would like to feature on my Daily Thought page please feel free to contact me via my websites WWW.Love-notes.co and WWW.Brettjolly.com. You can also email me directly at Brettjolly@aol.com.
Billy Paul (He sand “Me and Mrs. Jones”) and Brett Jolly in concert in Tunisia, Africa