![]() I feel they are valuing my art and that I should accept it and reinvest it into my artistic endeavors. not a struggling artist), he feels I should return or donate the money to the arts when someone pays me more. My husband feels that they are doing this because they want to support someone who may be a struggling artist, but as I do art as a hobby and have a full-time job that pays well (i.e. Stormy Daniels Is Telling a Different, Darker Story Than She Used To Where Did the Royals Go So Wrong With Kate Middleton? It’s Been Years in the Making. John Roberts Just Dropped the Hammer on Rogue, Lawless Trump Judges Most recently, a buyer actually paid me double the full price! I have recently had success selling some of my artwork and each time, even if I have discounted the pieces, the buyers are saying they wish to pay full price. ![]() ![]() (This is why written contracts are important.) You can take your ex to small claims court (or civil court, depending on how much money we’re talking about) but you will have to present evidence there that you both unambiguously understood that the money was a loan that you expected to be paid back and that your ex’s failure to do so was a breach of that. In some states, there are regulations around private loans and there may be tax consequences for both of you. That may not apply to your ex now, but generally speaking, in the absence of any formal contract between you about the loan amount and terms of repayment, I’m not sure you have much recourse. You wouldn’t necessarily do that with friends and family because you ostensibly care about them. If you take out a loan from a bank and don’t pay it, they are usually prepared to go after you with every measure available to them to get that money back. One of my recurring talking points in this column is that any time you loan money to family or friends, you need to be prepared to consider it a gift because the dynamics of accountability are not the same with people you’re close to. How to Create a Personal Budget A personal budget should reflect your budget plan. It may be that once you’ve done that one exercise you are OK, and then you have something close to a set-it-and-forget-it budget that doesn’t require you to constantly track expenses. Then take everything that’s not going to materially change your quality of life and eliminate it, which means canceling recurring expenses, and identifying what you will not spend money on going forward. Maybe it’s eating out at restaurants occasionally, or a subscription service you use all the time. Because it is a personal budget plan, you can modify this by adding the areas in which your income is channeled into. But you do need to identify the high-priority things that materially affect your happiness. Don’t think of the belt-tightening as giving up everything you love to spend money on, because it doesn’t have to be. I think your best route here is to think of budgeting as a one-time thing you do once a year or so. How can we budget without budgeting? Are there ways to increase our monthly income/reduce monthly expenses that we can just set and forget? Should we recast our mortgage? Water our lawn less frequently? Contribute less to non-matched retirement accounts? Find cheaper life insurance? Join Costco?
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