Do you spend wisely?

Merry Christmas Marlina.

that is a good habit. it will never fail you.

It is always nice when we spend wisely. For sure, things will get better. But I told my friend that she manage their finances not her husband.

@Janet357 True my wife told me the same story today about her co worker’s husband. He retired from his job to work on a business with friends before the pandemic arrived. The business was doing well by that time. But when the pandemic arrive the business got bankrupt together with his investment. Now he is unemployed and no income.

It needs a lot of brainstorming. Too bad the guy is quite impulsive.

No matter what, never to put all the eggs into 1 baskets

That is what they are doing-asking help from a relative. Hope the guy learned a lesson.

@Janet357 It's a shame she wasn't consulted. Some men don't consult their wives or it could be that he knew it would be a big risk and didn't want her talking him out of it.

they are especially the wife.

true. It is always the wisest thing to do. My husband and I have separate accounts so that we can spend it anytime we want. we have the freedom to do whatever we want to our money.

@Janet357 that's good. It's best that both husband and wife work. It's not good to be dependent on your partner. Your friend will have to do that too, not too late to start.

very nice. But i think food business or putting up a business nowadays is quite risky.

@Janet357 Food business is still good. For me it doesn't matter what kind of product or service you have. It's a matter of adopting the right marketing strategy. My business is not about food but a prepaid mobile and data selling and fund transfer which are always in demand.

@Janet357 I hope he learns his lesson this time. Otherwise, he will ruin their family because of all his doing. Like now, he is not the only one affected, he actually put themselves in a position where she also needs to come up with ways to recover their savings.

He never consults her. I agree with you and I like that attitude. For big expenditures, it is better to save for them.

I think she also has whims or wants. Both of them are not wise spenders but the husband is worse.

@Janet357 It is sad when a husband wants to spend money without asking for advice.

True. She is always stressed. They earn well yet they can hardly save.

That's good. After all we don't know what will happen in the future.

@Janet357 Yes

true. This year or next year is not the best time to start a business. It is too risky.

@Janet357 yes, starting a business is hard and even harder in the middle of pandemic. Need to think over and over about the pros and the cons.