Join Date: Jun 2011
Location: East Central Iowa
Early on in our marriage I got tired of never having money to do what I wanted to do, so after some serious and somewhat heated negotiations I set up a toy account for my use. It started out as just $40/wk, plus any overtime I worked went in that account. Everything else went in the joint account.
When the toy account has money I get to play. Tools, car parts, toys, whatever, all come out of that account and nothing is every said about any of it. There have been the occasional household projects that have come from teh toy account as well, which helps to keep the peace. Today the bike payment comes out of the joint account, mods come out of the toy account. Fortunately the weekly allowance has grown considerably over the last 25 years.
As far as the loans go, best advice is to do large down payments, equity or cash so you have low payments and never get upside down. Never owe more than you can quickly get out from under if needed. Take out a 5 year loan and pay it on a 3 year schedule or faster if you can swing it. There's no harm in borrowing money as long as it's properly managed.
2015 RGU CVO........under continuous change......