| I hope you know that I immediately thought of you when I read that Axios article you sent me about keeping financial secrets from your spouse. |
| Why me? I sent it to you because the survey supports my position that people in serious relationships should exchange credit reports so that there are no surprises. Not to mention, they need to be open and honest about money. |
| Well, it reminded me of how you told me about lying to your husband when you blew your Ferrari engine. It was years ago, but I’ll never forget it. In fact, I still laugh and shake my head in amazement. |
red head
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Black
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| You really do need to get a life. |
| Admit it, there aren’t too many people that have “replace Ferrari engine” as a line item on their credit card bill or monthly budget. |
|
Well, it was not a planned expenditure. Although when the engine blew on the
racetrack, I was prepared in terms of knowing where to safely pull over and quickly
exit the car. |
| Of course, you were. But, at what point did you decide to lie to your husband about the cost of the engine? I still don’t know how much that engine cost, but he could easily afford to replace it. He was already paying for you to race Ferraris. So, why did you choose to pay for half of it yourself? |
| Trust me, even half was a big number. And, the 360 Ferrari Challenge had one of the best V-8 engines they ever made. |
| You’re avoiding the question. |
| When we got married, he made sure to keep all our assets totally separate. He knew I had some money of my own, although nothing on the magnitude of his, so it was not like I was hiding money. My racing was already costing him so much, so I thought paying half was the least I could do. |
| But did you tell him that, or just lead him to believe that his “half” was the “full” amount? |
| What difference does it make? |
| Is there a reason you didn’t want him to know you were trying to be considerate? Especially because when I went through my crisis, you always talked about the importance of having open and honest communication, especially about money. |
| I still feel that way, but a conversation requires more than one person. Since I handled most of his money for him, including the interface with his wealth managers and tax accountants, he made it very clear there was nothing more to discuss. And, any time I tried to bring up the topic of money, he would cut me off and just say, “Everything’s great.” |
| Well, it was. At least financially. |
| Yes, if you only look at the numbers. But, we had very different attitudes toward money, and that was something he would not discuss. Many people, regardless of financial status, are not comfortable talking about money. |
| I know my natural tendency is to avoid what I perceive as difficult conversations, which definitely includes money, but surely not everyone feels the way I do. |
| Initially, did you avoid financial conversations because you felt intimidated and confused, or because you were trying to avoid conflict? |
| Back then, both. Now that I have a better understanding of money, it’s just an awkward topic. Especially since most people don’t talk, they argue, about it. |
| Or, keep secrets or avoid the topic entirely. Which may seem “helpful” in the short term but are not long-term solutions. |
| Says the woman who ultimately got divorced. So, tell me, if you had to do it over again, would you have handled the situation with the Ferrari engine any differently? |
| Hindsight should be 20-20. Looking back, there were probably things I could have done to avoid blowing the engine. |
The more things change — the more they stay the same. Red will be seeing in the new year with an old movie (and some late-night popcorn), while Black will be fast asleep (or possibly working) as 2025 turns to 2026. So, we smiled when we re-read our New Year’s Eve post from 2022 (see below) …
The memories remain. The only difference? This year, when we wish you Happy New Year, we’ve updated it to … and may 2026 be filled with health and happiness, love and laughter.
| I remember when I was growing up and old enough to stay home alone (long before the movie “Home Alone”) on New Year’s Eve. Our parents may have gone out to celebrate, but I had the perfect evening. Before they left, they’d get me my favorite takeout Chinese food (again, long before the days of food delivery services), and I’d savor the egg drop soup with wontons and a large container of pork fried rice, knowing that I didn’t have to share with anyone. Then, I’d settle in for a night of old movies on TV, only taking a short break to watch the ballcome down in Times Square, before going back to watching movies for hours. (Long after my parents had come home and gone to sleep.) Fast forward more decades than I care to admit, and my favorite way to celebrate New Year’s Eve is pretty much the same. Except now, what would be even more perfect would be to have my daughters home with me. |
| I started to say that Red has always needed to get a life, but the reality is that I understand why she likes a quiet New Year’s Eve and has created her own “special” tradition. Over the years, I would celebrate New Year’s Eve by going out to a “special” dinner with my spouse or significant other (if applicable) and dear friends. The funny thing is the older we get, the earlier we return home. We tell ourselves it is because we do not want to be on the roads with the drunks, but that does not explain why we all admit we usually are asleep well before midnight. |
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Blackassets.rebelmouse.ioWhether celebrating by yourself or with others … whether you find yourself feeling extra warm and fuzzy and reminiscing at midnight, like Red, or being pragmatically optimistic, like Black, who will raise a glass and toast her friends as well as the promise and hope that the new year offers us all … we want to wish you,
Happy New Year! And may 2023 be filled with health and happiness, love and laughter.