"I'm always putting side hustle money in the budget. Period. I'm not going to run it as a side deal. You could have a surprise line item in the budget. This is money, a sinking fund, that is for me to surprise you with, and I'm going to do different things."
"As long as it's in the budget, we're communicating. The concept is the sinking fund: a savings category earmarked for a specific future expense. Instead of scrambling for cash when you want to do something special, you contribute a fixed amount each month until the money is ready."
"The problem is that hidden money in a marriage, even well-intentioned, creates financial opacity that erodes trust when it surfaces. Hidden finances tend to surface during tax season."
Josh from Charlotte wants to surprise his wife with trips and experiences without hiding money. Dave Ramsey suggests creating a surprise fund within the budget. This fund allows for planned surprises while maintaining transparency. The sinking fund concept involves saving a fixed amount monthly for specific future expenses. This approach prevents financial secrecy, which can erode trust in a marriage. Hidden finances often lead to issues, especially during tax season, making open budgeting essential for healthy financial communication.
Read at 24/7 Wall St.
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