Comments on: How to Convince Your Spouse You Need a Budget http://wealthpilgrim.com/how-to-convince-your-spouse-you-need-a-budget/ WealthPilgrim.com -No Money Worries. No Matter What. Tue, 22 May 2012 13:10:32 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Neal Frankle http://wealthpilgrim.com/how-to-convince-your-spouse-you-need-a-budget/#comment-13969 Neal Frankle Tue, 25 Oct 2011 21:34:57 +0000 http://wealthpilgrim.com/?p=15281#comment-13969 I am sorry to hear that. Would he be willing to work on this with you? Is he hearing how upset you are? I am sorry to hear that. Would he be willing to work on this with you? Is he hearing how upset you are?

]]> By: Exasperated Wife http://wealthpilgrim.com/how-to-convince-your-spouse-you-need-a-budget/#comment-13967 Exasperated Wife Tue, 25 Oct 2011 21:16:12 +0000 http://wealthpilgrim.com/?p=15281#comment-13967 I've been married 30 years and still can't get my husband to use budgets. "They aren't real" he says. He only looks at the cash flow - if we have enough cash coming in to pay what's gone out he's happy - he ignores the fact that our credit card debt keeps increasing. He won't contribute to the 401k at work because they don't do a match. He must be going thru some mid-life crisis because this past year he bought a 3D plasma TV (already have a perfectly good flat screen at home), a 22' sail boat, a new car (just because our others were old). We have $100,000 in college loans from our oldest 2 and our youngest starts next year. And, no, we never saved money in college funds. He gets upset when I say "no" to vacations, eating out or buying one more new thing. I'm tired of being the heavy. Any way to get thru to him? I’ve been married 30 years and still can’t get my husband to use budgets. “They aren’t real” he says. He only looks at the cash flow – if we have enough cash coming in to pay what’s gone out he’s happy – he ignores the fact that our credit card debt keeps increasing. He won’t contribute to the 401k at work because they don’t do a match. He must be going thru some mid-life crisis because this past year he bought a 3D plasma TV (already have a perfectly good flat screen at home), a 22′ sail boat, a new car (just because our others were old). We have $100,000 in college loans from our oldest 2 and our youngest starts next year. And, no, we never saved money in college funds. He gets upset when I say “no” to vacations, eating out or buying one more new thing. I’m tired of being the heavy. Any way to get thru to him?

]]> By: Ronald Dodge http://wealthpilgrim.com/how-to-convince-your-spouse-you-need-a-budget/#comment-9719 Ronald Dodge Fri, 03 Dec 2010 02:52:19 +0000 http://wealthpilgrim.com/?p=15281#comment-9719 Getting the unwilling spouse on board. I have battled this a lot over the years. All I can say, I have had some success, not not complete success as of yet. First, I did get her to do price comparison. Though she never knew it before, this was something fairly easy to do even though she still use the excuse she's not good at math. Second, I had to have her help in not overspending or doing things that would cause us to spend more than what was really needed to be spent. One such area I had to hit hard on with this particular issue was transportation expenses. The common mistake most people make isn't so much the gas or oil, but they don't take in the rest of the expenses such as depreciation on the vehicle. So in their eyes, they may be thinking that car is only costing them about $0.10 per mile but in reality, that care is really costing them about $0.30 per mile. Same with a van, they may think it's only costing $0.25/mile but yet, it's really more like $0.75/mile. As I found, what you are basically paying for gas and oil changes, you can expect to pay doubled that amount for repairs and/or replacement of the vehicle, once such costs are prorated over the course of their respective useful time period. It was only when I got her to take the FPU course (I like the concept, but I found the numbers to be outdated, don't agree with the method as it's a cash flow method that is too risk adversed, and it doesn't take into account using online tools that's currently available so as one can primarily use the rate method instead of the principle method while still not having to think about finances every single day, as you can use such tools to address human behavior. My wife got on board so much as realizing this was the real deal and not just some made up thing in my mind. Now only if I can get her to do this tracking bit within Excel with her own account, but she still refuse to do it as she is still a spend thrifter in that regard. If I can only get her to stay within her own limits and use Excel for tracking, then will I make the claim I got her a lot further along for her to be able to handle the finances should something happen to me. Getting the unwilling spouse on board. I have battled this a lot over the years. All I can say, I have had some success, not not complete success as of yet.

First, I did get her to do price comparison. Though she never knew it before, this was something fairly easy to do even though she still use the excuse she’s not good at math.

Second, I had to have her help in not overspending or doing things that would cause us to spend more than what was really needed to be spent. One such area I had to hit hard on with this particular issue was transportation expenses. The common mistake most people make isn’t so much the gas or oil, but they don’t take in the rest of the expenses such as depreciation on the vehicle. So in their eyes, they may be thinking that car is only costing them about $0.10 per mile but in reality, that care is really costing them about $0.30 per mile. Same with a van, they may think it’s only costing $0.25/mile but yet, it’s really more like $0.75/mile. As I found, what you are basically paying for gas and oil changes, you can expect to pay doubled that amount for repairs and/or replacement of the vehicle, once such costs are prorated over the course of their respective useful time period.

It was only when I got her to take the FPU course (I like the concept, but I found the numbers to be outdated, don’t agree with the method as it’s a cash flow method that is too risk adversed, and it doesn’t take into account using online tools that’s currently available so as one can primarily use the rate method instead of the principle method while still not having to think about finances every single day, as you can use such tools to address human behavior. My wife got on board so much as realizing this was the real deal and not just some made up thing in my mind.

Now only if I can get her to do this tracking bit within Excel with her own account, but she still refuse to do it as she is still a spend thrifter in that regard. If I can only get her to stay within her own limits and use Excel for tracking, then will I make the claim I got her a lot further along for her to be able to handle the finances should something happen to me.

]]> By: cheating spouse spy software http://wealthpilgrim.com/how-to-convince-your-spouse-you-need-a-budget/#comment-6042 cheating spouse spy software Tue, 20 Jul 2010 06:53:47 +0000 http://wealthpilgrim.com/?p=15281#comment-6042 I think you should talk to him about how the prices of primary commodities are getting higher. You need additional budget to support your family's daily needs. I think you should talk to him about how the prices of primary commodities are getting higher. You need additional budget to support your family’s daily needs.

]]> By: SailboatFamily http://wealthpilgrim.com/how-to-convince-your-spouse-you-need-a-budget/#comment-5810 SailboatFamily Thu, 08 Jul 2010 09:53:59 +0000 http://wealthpilgrim.com/?p=15281#comment-5810 This is a tricky topic as demonstrated by the volumes written on the topic of convincing anyone of anything. There are 3 parts to getting someone on board with an action, especially one that is new. You must provide purpose, direction, and motivation. The what, how, and why that is tailored to the person you are trying to get to do the new thing. For some, it is about analogies (e.g. if someone is a car nut, budgets are like a tachometers.) For some, it is about feelings. For some, it is about goals. Still others, it is something else. You must know what gets your spouse going, invest the time in crafting the approach within an area they get, then try. It isn't about what makes you tick, you are already on board with budgets ... it is about getting them on board so speak their language. This is a tricky topic as demonstrated by the volumes written on the topic of convincing anyone of anything.

There are 3 parts to getting someone on board with an action, especially one that is new. You must provide purpose, direction, and motivation. The what, how, and why that is tailored to the person you are trying to get to do the new thing. For some, it is about analogies (e.g. if someone is a car nut, budgets are like a tachometers.) For some, it is about feelings. For some, it is about goals. Still others, it is something else. You must know what gets your spouse going, invest the time in crafting the approach within an area they get, then try. It isn’t about what makes you tick, you are already on board with budgets … it is about getting them on board so speak their language.

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