Throwaway
I’m on the higher end of Income. $175,000 base and another $40,000 in bonus paid 10k quarterly. I spend like an absolute moron, I’m bipolar but well managed; however I do have highs and lows that make self control harder. My wife can manage spending money well, she just won’t reign me in. Her take is that “it’s hard to yell at you for spending money when you make it and I don’t work”. She just isn’t going to push against me hard enough.
I need someone fiscally conservative to call me every few days and bitch me out if I go astray. maybe have bi weekly budget meetings for 30 minutes.
TL;DR: Can I pay someone by the month to watch my finances and coach me / yell at me? Does this service exist? What would the risks of giving someone access to an online money management service like Mint be?
I have tried Ramsey, YNAB, and all sorts of things. I’m to the point where I haven’t materially added to debt or used credit in a year, but I’m not paying down at any appreciable rate. The mental stress is no fun, and I’m constantly taking higher end jobs that require extreme dedication and work. my next step is partner and as I am 35 that’s likely 5+ years away. I don’t want to count on it for my retirement.
After taxes and all monthly expenses right now I have only 2 grand a month expendable, if I didn’t have credit card debt that amount would be more like 5 grand. And that is just paychecks, my quarterly bonuses usually net me about $5000 each after tax. I think even if I spent a few hundred dollars a month on a money coach that the potential benefits could outweigh the cost and build better long term money habits.
I have even tried therapists that specialize in addiction, and none of them have taken this seriously. It’s literally a spending addiction.
I learned this spending behavior from my father who loved “toys” and hobbies. However I am single income, where my parents were both executives, and so their spending was ok for their income level and they saved a ton and retired in their late 50’s very comfortably.
Any services out there that can help? I was thinking of a shared login to Mint or a similar service, not direct access to accounts obviously. I got this idea from reading /r/povertyfinance and thinking “these folks would love extra income and yet they manage money so much more effectively than I do”.
folks assume its easy with more income, but its all the same addiction...
Submitted November 01, 2018 at 08:33AM by HelpMeAndMyMoney https://ift.tt/2Q6DDYp
