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Sharing Household Finances

Posted On: 2006-01-25
Length: 9:51

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Hey everybody and welcome back to your Debt Podcast. Today is Wednesday, January 25, 2006. It is almost the end of January, and today is going to be our last resolution helper. Well, it's not going to be the last one, but it is going to be the last one that we're going to call a resolution helper. If today is your first show and you are just joining us, thank you very much for subscribing. As Michael Gohagen of Real Reviews is fond of saying, there are a ton of podcasts out there. And I am so thankful that you've chosen to subscribe to this one, and to listen to us. It really makes me feel great. If you've got any questions or comments, please send them to me by email at debtpodcast@gmail.com. But we also have our listener feedback line, which is area code 206-202-5231. That's 206-202-5231. If you don't have unlimited local and long distance service on your phone line, however, please don't use it unless you live in the 206 area code. I would hate to contribute to somebody else getting into even deeper debt.

So today is, as I said, the last officially titled resolution helper, so I think that it is only appropriate that we jump right into it.

Here is today's resolution helper.

Today's resolution helper which is the final one about reducing your spending without reducing your quality of life, is about sharing. That's right, sharing, folks. And I'm not talking about holding hands around a campfire and singing Kum-ba-ya, even though you could certainly do that, I suppose. It's probably not going to do very much for your personal financial situation. I'm talking about sharing expenses in your household. Many people come to me with financial problems and it comes up in conversation that they live with someone else. And on further digging, we find out that the other person does not share evenly in the household expenses. This situation arises frequently with married couples, roommates and house share situations. One person pays the rent, the other one pays the utility bills...

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Definition of the Day Y Shares

Y Shares These are also called institutional shares and, therefore, are highly attractive to institutional investors. The great thing about these shares is that they are pretty safe, since institutions are relatively stable, and they also do not require 12b-1 fees to be paid. The downside...

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