While at lunch with some male coworkers, we got to talking about hiding money from our significant others. Much to my suprise, I wasn't the only one with a strategy for stashing cash the lady doesn't know about. Laughing at our strategies and rationales, we joked we were money launderers.
1. All of us our on budgets for "cash" taken ou to fund everyday spending.
2. In terms of the family, both partners knows he takes out $XYZ dollars per week/month.
3, Instead of spending all the money, all of us save money off the top for "other" uses.
Reasons for laundering:
1. My case - I am trying to have a $1,000 in cash in my firesafe for emergencies. To fund the cash emergency fund, I try to save $10-20 per week by cutting back on things. So far, I am up to $250. After I finish fund the stash, I plan to keep it up and use the savings for Christmas gifts each year.
2. One Guy - he likes having a little extra money to play with at the casino. To fund his fun, he cuts back on his weekly/monthly fun to save up for casino trips.