K
KarlK
Guest
Hi
I have come to the conclusion that I am totally incapable of managing money. I have had a good salary for the past 8 years and am competent and happy at work but for some reason completely unable to handle domestic finances. I have no savings, no equity in a house, nothing just what's in my pocket. I don't have any debt only because I inherited some money and paid it off. Now the remainder of the cash is dwindling.
I don't buy expensive things. I have no idea where my money goes, but I guess it is going on a huge number of small expenses like taking a taxi when a bus would do. My friends think I have a drug habit. I don't. I have tried to budget several times and failed. I tried MABS. I worry about money all the time. I have a wife and child. The wife doesn't work and has less grasp of money even than me. She doesn't have expensive tastes and I give her a fixed amount for household stuff so I can't blame her.
I have cut off any credit facilities I used to have as I don't trust myself.
I want to buy a house for my family. I want to be able to provide for my child.
Is it possible to get someone else to manage my money for me? I would give them my salary and they would pay the bills and give me an allowance. I earned about 90K last year.
I think I have a psychological problem with money. Does anyone have any advice rather than just telling me I'm an idiot which I know already?
thanks
I have come to the conclusion that I am totally incapable of managing money. I have had a good salary for the past 8 years and am competent and happy at work but for some reason completely unable to handle domestic finances. I have no savings, no equity in a house, nothing just what's in my pocket. I don't have any debt only because I inherited some money and paid it off. Now the remainder of the cash is dwindling.
I don't buy expensive things. I have no idea where my money goes, but I guess it is going on a huge number of small expenses like taking a taxi when a bus would do. My friends think I have a drug habit. I don't. I have tried to budget several times and failed. I tried MABS. I worry about money all the time. I have a wife and child. The wife doesn't work and has less grasp of money even than me. She doesn't have expensive tastes and I give her a fixed amount for household stuff so I can't blame her.
I have cut off any credit facilities I used to have as I don't trust myself.
I want to buy a house for my family. I want to be able to provide for my child.
Is it possible to get someone else to manage my money for me? I would give them my salary and they would pay the bills and give me an allowance. I earned about 90K last year.
I think I have a psychological problem with money. Does anyone have any advice rather than just telling me I'm an idiot which I know already?
thanks