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Tuesday, March 25, 2008
Recent Discovery
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Wednesday, March 12, 2008
Money Management Tips that I Learned
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Yung and I used to fight about money constantly. We both had and still have different styles and ideas about how to spend our money and since we got married until recently, it's been the number one subject we argued about. To give you an example, I love to buy people gifts and I like to be spontaneous about it and not worry about the price. Yung worries about the price and would rather spend time with the person than buy something for them. I also like to spend money on clothes for myself. Yung, on the other hand, doesn't care about what he wears. I have to throw away his old t-shirts for him because even if there are holes in them he will keep wearing them if I don't. About a year ago I told him I wanted to buy a new pair of jeans since I only had one other pair and he asked me "Don't you have a pair already?" I had to explain to him that I needed a second pair, you know, in case one was dirty.
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Using the Money Management system helped us find middle ground because now I use the "Give Account" to buy the Christmas gifts and Yung doesn't have to worry about whether I am spending too much because I can only use what is in the account and that's it. If I want to buy more gifts we need to make more money. I love the "Play Account" because we can use it for going out and having fun. I can also use it to buy the clothes that I want, even if Yung doesn't think I need them. Yung is only allowed to use the money in the "Financial Freedom Account" to invest in the stock market so that makes me feel comfortable about whatever investments he wants to make. Soooo finally, when it comes to money we can talk about it like civilized human beings.
We actually learned this system at a different seminar of Peak's. Because people were asking me about it I am putting it on the blog. Since we found out about this system and started putting it to use, we haven't fought at all about money.
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