George Kamel calls spousal allowance systems 'offensive to all people groups,' arguing they treat marriage like an employment contract and breed resentment.
Kamel recommends one joint checking account with a shared budget and equal no-questions-asked fun-money lines for each spouse.
Even on a $6,000 monthly budget, setting equal $200 fun-money amounts for each spouse makes financial partnership operational regardless of who earns the paycheck.
Are you ahead, or behind on retirement? SmartAsset's free tool can match you with a financial advisor in minutes to help you answer that today. Each advisor has been carefully vetted, and must act in your best interests. Don't waste another minute; learn more here.
Ramsey Solutions personality George Kamel does not mince words about the "splowance" trend on social media. In his segment 22 Minutes of Family Money Disasters, he reacted to a woman who pitched a structured monthly allowance system where a husband pays his wife a $300 base rate, plus tiered bonuses called "sweets" ($15 each) and "spoils" ($25 each) for acts like love notes or massages. His verdict: the whole framework of one spouse doling out money to the other should be "offensive to all people groups."
#money #people #like
Kamel recommends one joint checking account with a shared budget and equal no-questions-asked fun-money lines for each spouse.
Even on a $6,000 monthly budget, setting equal $200 fun-money amounts for each spouse makes financial partnership operational regardless of who earns the paycheck.
Are you ahead, or behind on retirement? SmartAsset's free tool can match you with a financial advisor in minutes to help you answer that today. Each advisor has been carefully vetted, and must act in your best interests. Don't waste another minute; learn more here.
Ramsey Solutions personality George Kamel does not mince words about the "splowance" trend on social media. In his segment 22 Minutes of Family Money Disasters, he reacted to a woman who pitched a structured monthly allowance system where a husband pays his wife a $300 base rate, plus tiered bonuses called "sweets" ($15 each) and "spoils" ($25 each) for acts like love notes or massages. His verdict: the whole framework of one spouse doling out money to the other should be "offensive to all people groups."
#money #people #like
3 months ago
