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My father is the primary bread winner of the family but isn't very good at saving money, he likes to spend money on gadgets, books, CDs and the like. Until more recently my mother did not have a lot in the way of savings but she has always been the penny pincher. She also has the worst job of the two (worked at 7-11 for about 15 years where as my dad teaches at a college). Recently my mother got some money from her side of the family and has invested it in real estate. In order for them to get along they decided to separate their finances as completely as they could, otherwise they would always argue about money. From my point of view they are both at extreme ends of the spectrum, my dad wastes too much money, my mom can't even spent a dime without worrying usually. As for retirement I'm not sure how they will work things out, my mother probably now has enough personal savings to have enough for a meagre retirement, my father may have enough also for a meagre retirement if he stop spending the minute he retires.
Anyone else have family issues like this?
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