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Penny Pinch

By Merritt Lamb

"Inflation is when you pay fifteen dollars for the ten-dollar haircut you used to get for five dollars when you had hair." Sam Ewing

At our house we are feeling the pinch of rising prices. It is causing us to look at where, why and when we are spending our dollars.

My wife and the children of my mother holds together our finances. We are polar opposites at many financial junctures. On our wedding day I was $17k in debt, and she had saved $17k over the prior ten years. We started broke but with no debt.

She has always saved and managed our finances (except for a 2 year period when she had me manage it, and it took 3 years to get us fully recovered!). She teaches our kids about managing resources, too. My daughter is the most similar in character. I suppose the balance between us has given our children an interesting upbringing. She knows how to stretch a dollar and when to say no. Before we married I fell behind on payments and found myself in arrears. That has never happened in 25 years since we married. She mothers and manages and now the kids are older, works a part time job and volunteers 5 days a week. She rocks our finances, indeed.

What tips and tricks are you using to rock the finances in your house?

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1 Comment

Unknown member
Nov 05, 2022

I am the spendthrift in my family. How do you and your wife keep from arguing about finances.

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