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grerp: the PERSONAL side of AAR Rachel

Not just ignorance

posted Saturday, 16 May 2009

Flagrant denial and stupidity are on display here.  Excuse the naiveté, but I've been trying, recently, to blame at least part of Americans' galactic economic mess on poor education and general ignorance about money.  This guy's actions cannot be blamed on either of those reasons.  Edmund Andrews was an economics reporter for the Nmisogynistic posterY Times, and he warned others about many of the wheelin'-dealin' money schemes he fell into himself because he wanted to live comfortably and well beyond his means and he wanted to "pamper" his new woman. 

Even more interesting to me, however, were the comments following another writer's dissection of Andrews's situation.  This writer, Megan McArdle of the Atlantic, nearly gives Andrews's behavior a free pass, preferring to use him as an object lesson.  The comments left are brutal, though, and, in my opinion frequently misogynistic (see pic at right, which one commenter references as the real explanation for Andrews's problems).  Ironic, given that the writer of the piece is a woman.

J. saw this image and laughed, and I took frank exception.  Of the two of us, I'm far more frugal.  His finances were much worse off before he met me, although that can partially be blamed on his still-in-grad-school status.  Still, there seems to be this idea floating around out there in the male consciousness that marriage = financial doom because a woman will spend you into poverty and then leave you there.  

Am I alone in thinking that men can be equally stupid and disastrous with money, without a woman's help?

 




1. CindyS left...
Friday, 29 May 2009 12:18 am

Oh, no. Men can be horrid with money and I tend to think most are. Bob is very good with putting us on a budget but years ago I took over the finances and my hubby has never been happier.

Bob told me years ago that no matter how much you make, most people live paycheck to paycheck. Remembering that, the next time he got a raise I started moving the money out of the account and storing it. I think it was two years when he finally said 'I don't get it, I've gotten raises, where's the money?' At which point I let him in on a bank account with some coin in it. He was so happy he could barely contain himself.

Sure, there were weeks we could have used an extra 100 bucks but if I could just get us past that week things would get better.

I learned that Bob would spend whatever money I left in what I call 'his' account after payday. So I have other accounts to pay mortgage and stuff - I remember a banker telling me I should only have one account - Bob looked right at her and said 'you leave her be'. I need more than one account - I think I might have 4 - tax account, day to day living expenses, Bob's account, there's a savings account in there somewhere but it's gotten slim ;).

What some men forget is that maybe they lose half their stuff when they get divorced but so does the ex-wife!