It’s Monday morning, and I am meeting with my first couple of the day. The husband is a successful businessman and is making a lot of money. The wife is a stay-at-home mom, very sweet, very attractive. We begin to discuss financing and the usual information and documents they will need to produce before we can start negotiating their Settlement Agreement.
While discussing budgeting, I remind them that it is very important that, in addition to all the costs we usually discuss, we talk about spending money. I wanted to make sure that we included spending money in their budget. Often, couples forget to do that. The budget covers living expenses such as utilities, groceries, etc. but does not include spending money. So I asked the wife what she thought she would need for spending money, and she said it was not a problem. I asked her to explain. She said:
” I have two cards. One is the ATM machine card from one bank. If I need money, I go to the bank and that’s how I get spending money. I take it out of the ATM.”
“But that’s funded,” I said, and then I asked the husband, “Is there any limit you folks might agree to concerning the amount to be taken out for spending money?”
The wife said, “No, we don’t want any spending limits. We don’t need that because the money comes from the bank.”
I said “Maybe I missed something. Could you explain that to me?“
“Look, this is the way it works. I put the ATM card in and I take money out. If I don’t have enough money in that account, then I use the other ATM card. We don’t need spending limits because it is never a problem, there is always money in one of the accounts.”
The husband turned to me and said, “See what I have to deal with? She thinks the cash she gets comes from the bank. It doesn’t come from me. She puts the card in and the bank just gives her the money.“
That’s where the money comes from. It comes from the bank!