It seems like the better we get with our money, the more carefully we spend it.This way we'll each have a little money to spend without guilt or explanation.
This came up because this year I'm going on vacation and he's buying an old motorcycle. I want to be sure that we each get a "fair" share of fun money.
Our cash on payday gets fully distributed that day, so all our funds are funded (in other bank accounts), allowances doled out, groceries gotten and bills paid for the next two week period. That way there's no debit card usage nipping away at any cash balances. (Basically we had to stop debiting the same way we stopped c.c.'ing, and become a cash allowance family)
We also distribute our pay on payday. We have the bills, allowance, misc, food, and savings. Each item is funded until next payday.
Well... the bank machine soon became a neverending source of cash it seems. Didn't matter what he wanted or needed, the debit card would buy it and since we had overdraft the money was always magically there! LOL, he must have been in heaven! It didn't get bad until we started having kids, and I didn't keep up with the bank account - the start of the downward spiral.... groan, I shudder just thinking about it all.
Cash allowances are the way to go if you ask me. Or if you're going to keep it all in the bank I like the concept of the budgetmap (budgetmap.com) that people are talking about on here. I might make my own version of that to show hubby how are freedom accounts are working (they're in quicken right now and he's not a quicken kind of guy).