My husband and I have lived in the same household for over seven years now. In all of that time, I have taken full responsibility of our finances. I not only make sure all of our bills are paid, but I also balance our checkbooks, control our budget, and much more. Most of the time our system works flawlessly, but it takes effort from both of us.
Lately, my husband hasn't been following our budget, and what's worse, he has been making secret purchases. The entire situation is starting to cause some issues in our personal and financial life.
This is how our family budget works, what my husband has been up to, and how I plan to get us back on track financially.
How our budget works
Our family budget is very detailed. It outlines how every penny we earn is going to be used throughout the year. In the budget I have allotted money for everything from food to spending money, and everything else in between. In order for our plan to work both my husband and I have to be open and honest about every cent we spend. If not, we could really get ourselves into trouble.
What my husband has been up to
Over the past few months, I've found a number of strange Paypal charges while reviewing our bank statements. Each time I question my husband about the transactions, and each time he tells me about something he's bought. Now, let me be clear that the purchases haven't been over $50, although they are quite expensive when you add the all up. Also, he doesn't need my permission to buy these things; however, when he doesn't tell me about purchases it becomes a problem for everyone.
What we are doing to get back on track
Luckily, I have a small cushion built into our monthly budget for impulse purchases like the ones my husband has been making. Although it was not meant to be used the way he's been using it in the last few months. To ensure that his purchases do not completely derail our finances, I've asked for his permission to monitor his Ebay account, which is where he is buying things from. This way I'll know right away if he has spent money. He has also agreed to let me know as soon as he confirms a purchase.
Within the last three months my husband has spent more than $200 on purchases that he didn't tell me about. That's enough money to pay our trash bill for the entire year. It's true that $200 isn't going to bankrupt us, but if his spending were to continue at its current pace, we could be in real trouble.
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