Living together has its romantic side as well as its practical side. Those who live a double life, sharing the same bed and the same expenses, do not always have the same convictions about managing their finances. And this difference can cause discomfort or even financial problems for the couple.
For both to speak the same language when it comes to money, it is important to talk, brainstorm, and encourage financially appropriate behavior.
If you take good care of your money at home and save money whenever you want or need it, but your husband does not, check out the tips to help you take better care of your finances and thus contribute more to expenses and help save money. when necessary.
One of the first steps for you to be able to balance spending and earnings and save money is to sit down together and see what each one earns and list all the fixed expenses of the month (rent, tuition, etc.).
Once that is done, prospect for the variable monthly expenses (phone bill, energy bill, clothing, food, etc.) to add to the analysis.
With this information in hand, you will be able to identify and talk about which of these expenses can be minimized. Whether it's opting for a simpler package on the phone, cutting down on bath time to spend less energy, or cutting out some superfluous spending list items.
By doing so, you will be involved together in finance administration both. This way, it will not seem that you want to control what he spends, but rather that you want to work with him in search of more savings to purchase higher cost goods in the future, such as a house or a car.
After looking at where you can spend less, if you find that it is possible for you to make some money after you pay your bills, you can set a saving amount each month and invest or leave it in savings. The value does not have to be high, you will see that even adding little, over time, the value grows without realizing it.
By arranging finances this way, you together can balance your spending and can still save needed for future financial projects.
Keep a record of everything that goes in (salary) and everything that goes out of your budget (bills, monthly expenses) to facilitate control and analysis of the couple's financial life.
Try to arrange to talk to each other before making decisions about money. This is important so that you do not let the other end up doing something you will regret. And it is also a way of maintaining a certain financial complicity.
And when you go shopping, whether it's clothes or shoes or even grocery, why not do it together? We often spend more recklessly when we don't have someone on our side to help with an opinion, or even holding a credit card.
Practical ways to encourage your Husband | #BibiHeartChats (April 2024)
- Career & Finance
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