A few months ago, my husband told me about a man who was asked on live TV how much he spent to go to Superbowl 50. The man responded with some crazy amount like $25K, but ended the interview by saying “Don’t tell my wife! She doesn’t know I spent that much.” I told my husband that there was no way he could spend all that money without his significant other wondering where the money went. My husband commented, “You could use all our savings on jewelry and I wouldn’t know.” I thought about it for a minute and realized he was right. He is vaguely aware of money coming in, although I don’t think he know how much money I make since it goes into a separate checking account than the main one we use. He definitely is clueless about money going out. I try to have budget conversations with him, but they go a little something like this:
Me: I think we need to contribute more of your paycheck to retirement.
Him: Sure, let’s do that.
Me: It will help with taxes and I don’t think we are investing enough.
Him: Okay. How about them Cubs?
So, have I told him about my plan to pay off our mortgage in 5 years? Nope! Do I plan on it? Not really. Will he notice or realize that it’s happening? As long as it doesn’t affect his current spending habits, probably not. His birthday is in December. Wouldn’t that be an amazing gift? Forget jewelry! If someone said to you, “Your birthday gift is the title to the house!” wouldn’t that be amazing?!
The only question is if I can do this without him on board. Since my paychecks are earmarked random expenses, it doesn’t really affect our monthly budget if we send it all to the mortgage. However, the extra $770 we need to find each month is very ambitious and definitely a stretch goal.
How do finances work in your household? Do you think I’m crazy for trying to pull this off without telling the husband?