your turn
oh i i start okay well uh we keep a budget to an extent um
and really it it we were really forced into keeping a budget because i'm i'm paid once a month which sort of sort of forces some uh
uh restrictions and you need to make sure all your bills are paid
uh how about yourself
well i have to say i really don't have a budget
both my wife and i uh grew up in uh families of rather modest means and uh
our family income at this point is comfortable upper middle class i guess you might say and uh we're both so
uh frugal
that um we really don't need a budget you know we just sort of invest the money and go on vacations and always never seem to have any money problems which i guess is a comfortable thing
yeah well i guess that really is sort of of keeping a budget you know you stay within your uh
well we stay within our means but we don't do it uh by conscious effort it just sort of happens automatically
within your means
yeah
although we just moved to California and uh the cost of living here in California is um i would say rather pathological
yes
uh housing prices are you know like from four to ten times more expensive than um
um they were where i came from in uh Dallas yeah so uh
oh you moved from Dallas to San Francisco that is a huge difference
uh that presents um a real shock actually actually our standard of living has gone down somewhat since we've moved to California but
yeah
but you have good sour dough and it's a beautiful place to live
yeah it's God's country uh and one way you know that is that only God can afford it
yeah
um so budget is not a problem for us
uh least it hasn't been it may it may be at this point but uh up until this point it really hasn't been when i uh was in uh
undergraduate school a long long time ago i uh noted that the monthly salary starting average monthly saly salary for engineers that in my discipline was like
oh six hundred and ten dollars a month or something like that and uh i noted at that point that i was
um-hum
you know if that's what my salary was that i drew then i would be making almost twice as much as my father made during his best year ever so
i stopped worrying about money and uh never have worried about money since then
yeah
well that's that's a system too
sometimes uh it's a bit of a a problem you know because i guess i don't really manage my money the way i should but uh i suppose i've lost money on not taking good advantage of of uh investments but
well then again you know you said you you are able to take trips and you do obviously have enough to live on so i guess you're indirectly budgeting
um-hum
uh just by by the fact you said that you're both very frugal uh in spending the money so i mean that's that's a form of budgeting i would think
it's kind of a kind of a strange topic to to try to for two people who don't really have a budget to talk about budgeting and how they manage their money
well i guess we're both lucky in that regard then
yeah
uh how big is your family
uh well we're we have one on the way um my wife and then we're we're having one on the way in uh in uh September
i see
so how do you and when once you get ten children though you may have
no i think it's just going to be one
oh all right
how about yourself
i have two kids uh one nine and one thirteen and they are beginning to be a budget problem but uh have not been really up until this up to this point
oh
do they budget at all i mean do you have them on an allowance or
i give them uh i give them an allowance and they um i basically give my son ten dollars a week and i put
half of it in the bank and i give give him the other half in cold cash
yeah
and uh he has a teller card so he can uh do what he wishes do what he wishes with the money that i put in the bank but at least it isn't you know burning a hole in his pocket
yeah
if he wants to use it he has to go get it and that usually
