I’m dedicating this journal entry to my wife, who keeps getting upset when I tell her I have no money – and I keep getting frustrated not only because I feel as if she’s blaming me for holding out on her, but because if I did have it I wouldn’t think twice about giving it to her (I feel bad that I can’t.)
- All of my pay cheque goes towards the mortgage and our condo fees. I don’t get any of it.
- That, in itself, is not enough to pay everything – so Michelle has to contribute another $100 out of her pay to make up the difference. That lets us keep a roof over our heads.
- I don’t actually owe my entire pay cheque towards the house, but it’s simply easier to deal with if I just have my employers direct deposit it all into the “mortgage fund” right away.
- Since I’m over-paying my contribution of expenses by $150 (based on our incomes), Michelle’s got to pay me back that difference. (This is actually “my” money which, normally, I’d be able to spend on whatever I wanted although, in reality, it doesn’t work out that way.)
- Michelle’s portion of paying for the house, plus the amount I get back, is $250. So she just puts all of that onto my credit card. (This ended up being the easiest way of transferring money from her pay to me.)
- That money breaks down in the following way: $100 – to the remainder of the mortgage / condo fees; $100 – towards my monthly GO pass and Mississauga transit; $50 – towards our Internet connection.
All of this leave me with $0. However – I also have other expenses which are not covered by any of the above and which I still need to come up with:
- $20 – local Burlington transit.
- $20 – cell phone.
- $10 – payment towards my MasterCard which still has about $400 on it despite our recent refinancing.
Which means that I’m actually going into debt by $50 every month – assuming that I spend money on nothing else at all. In all likelihood I’ll get something of a personal nature in a month – whether it be picking up a movie, a couple of drinks, a pizza, or whatever. So let’s say that, realistically, I’m really going into another $100 of debt every month.
The only way that this balances out is if I can make some extra income through Inferno or in other methods. Such as a recent rebate cheque I just got for a small network switch I purchased last year. That means that I only went into debt by $60 for April.
Now. Sometimes I put in extra hours at work and since I get paid on an hourly basis, rather than being salaried, that come through as “extra cash”. Just last week I put in an extra 5 hours – which means I’ll get to see about $50 (after taxes). So, this month, I think I’ve actually broken even. (Previously I haven’t drawn from that overtime pay, rather I’ve kept it as a “buffer” against future needs and emergencie, but I think I’ll have to be taking out that $50 this month.)
I love my wife very much. However, I do get frustrated when she spends money on getting her hair cut, taking us out a couple of times a week (which I readily admit I enjoy and benefit from), and so on – all combining to make me jealous of her “readily disposable” cash because she’ll have spent more money in a week than I’ll even have the hope of having access to in a month or two.
I keep trying to explain that as much as I appreciate going out – we really need to do so in a way that doesn’t spent quite so much money. We can actually eat at home and just have a beer or two out, for instance. That could save us $30 for that week – or half the amount we need to spend on groceries. Which is relevant here because I’ve just been asked if I could by the groceries this week. Sure, I can do that. If I get a cash advance on my Visa. While it’s true I did just get $40 back for that network switch rebate – see the above breakdown of my finances. It’s all going towards paying off the slight debt for the past month I’ve already incurred. Cash in hand isn’t the same things as cash you can spend on things.
And there’s more to my frustration than just that. I assume that when Michelle does take us out it’s because she’s able to afford it. I trust her to know her own financial situation. So it came as a bit of a shock to me when, after having a nice lunch out with our friend Andrea, she told me just before going to sleep that she couldn’t really afford to buy groceries this week and could I do it for once. Which tells me that not only does she still not understand my own financial situation – but now I’m actually getting worried that her own is a bit out of control too. Expenses (like groceries) simply have to come first. Take your available money, subtract from that the things that you need, and then only whatever’s left over, not more than that, should be spent on what you want.
The fact that we don’t have enough money for what we want sucks. However, if we manage it properly we can still get by until things get better. And even with scrimping and cutting back a bit from what we’re used to now, we can still enjoy ourselves – even if the instant reaction is to protest. Four months ago we were on the verge of selling our house and being out on the street, $60,000 in debt, with me out of a job. Now things have turned around. We’re making it.. But we simply can’t afford to enjoy the same lifestyle that we did before. Which is not to say that everything should or must be abandoned – simply that we need to make some changes in how we go about things.
I also understand Michelle’s frustration. From her perspective, she’s now putting more towards expenses than she did before I got this job. She’s also, in appearance, forking over $250 every 2 weeks into my pocket, and she’s seeing me get rebate cheques and income from Inferno. On top of that, she buys the groceries, the beer, our meals out, and so on. It seems, on the surface, perfectly reasonable that I’d be able to pick up the tab for something like groceries – and unfair that I “never do anything” while she’s the one constantly getting things for us. However, that’s just the way that things appear to be. In point of fact, I do just as much to contribute to everything as she does – I just do it in a less visible way. (Because everything I make goes directly into our mortgage account – and everything she gives me goes out again immediately into that same account and to pay other bills.) Perception, in this case, is a killer.
So the whole situation is frustrating for both of us – in different ways.
On the bright side, the hedges on our 3rd floor terrace were trimmed down, so we can now finally see the Burlington skyline from our window and soon-to-be setup patio table. Hopefully this will encourage us to stay at home to play cribbage rather than going out.