Instant Gratification

RE:

But.................... I'd rather go out, great, then don't buy the sunglasses.
Re-read the above sentence 90 times, and then once a week. :)
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STUDENT writes:

"also on this point, instant gratification , like buying the glasses goes away so fast, that by the time the weekend rolls around, you forgot you bought the glasses and are ready to drink, thinking you really didn't spend much extra money this week"

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True, but that can't happen with the "household acct. budgeting" concept.

If the person totally "buys" this concept, they would be forced to budget within that one week period on the "other" acct.

They couldn't take money out of household, couldn't charge, etc.
So would have to make a choice between the glasses or the drink.
( unless they saved in advance for the glasses).

In my experience of advising people on finances, I can't tell you even one story of someone who saved money for retirement & wasn't in debt etc. that did it without "the household acct. concept.

I personally guaranty you will NOT succeed on your financial goals without following AND totally "believing" in the Household acct. concept, or something very similar and automated. Why fight it????

Just kidding, of course I know why 95% of people won't do it ( or will start it and then write checks out of the household acct for the drinks, AFTER they bought the glasses that week!!!! ) :

They want the glasses AND the going out for the drinks.

Did I tell you the story about two three yr olds with one toy..............