Live data from Hacker News

I pay my wife to do my laundry

money.cnn.com

1–10 of 33 posts

Re: I pay my wife to do my laundry

#4
This seems foolish from a purely financial standpoint. Often times interest rates are tiered and you can get significantly higher rates with the more money you have in a single account.

They should combine them. They could keep pretending they have separate accounts and just write checks for what they owe, just have it come out of a single savings account.

Re: I pay my wife to do my laundry

#5
post #4

This seems foolish from a purely financial standpoint. Often times interest rates are tiered and you can get significantly higher rates with the more money you have in a single account. They should combine them. They could keep pretending they have separate accounts and just write checks for what they owe, just have it come out of a single savings account.

I'd gladly pay the loss of interest rate for the added convenience of not having an excel spreadsheet which needs to be updated at every purchase.

Re: I pay my wife to do my laundry

#6
post #4

This seems foolish from a purely financial standpoint. Often times interest rates are tiered and you can get significantly higher rates with the more money you have in a single account. They should combine them. They could keep pretending they have separate accounts and just write checks for what they owe, just have it come out of a single savings account.

I'm guessing there aren't any substantial savings that would attract better rates in this case. He's been "deep in debt" and has a blog post about how he's spending a third of his income on his car.. (another post last year suggests it'll take "years" for him to pay off his debts)

Re: I pay my wife to do my laundry

#8
post #4

This seems foolish from a purely financial standpoint. Often times interest rates are tiered and you can get significantly higher rates with the more money you have in a single account. They should combine them. They could keep pretending they have separate accounts and just write checks for what they owe, just have it come out of a single savings account.

I'd gladly pay the loss of interest rate for the added convenience of not having an excel spreadsheet which needs to be updated at every purchase.

[deleted]

Re: I pay my wife to do my laundry

#9
post #3

Must not be Asian. My friends give their wives all their money.

They must be very trusting (or have typically financially literate wives). If I were to do this, it'd confirm the worst: I'd gone insane.. :-)

I wonder if they have a choice in the matter.

Re: I pay my wife to do my laundry

#10
post #4

This seems foolish from a purely financial standpoint. Often times interest rates are tiered and you can get significantly higher rates with the more money you have in a single account. They should combine them. They could keep pretending they have separate accounts and just write checks for what they owe, just have it come out of a single savings account.

Not fighting with your spouse about money has to be worth something.
Post reply on HN