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New here-How to rein in a spendthrift spouse

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  • #16
    Thanks

    Thanks to all who have responded. I know that misery loves company, but it is actually comforting to know that I am not alone in my struggle!

    Based on the analysis I have done, it does make the most sense to keep my car in the long run. I just will not go out and trade up to a new(er) one again like I have done in the past!

    As far as the spendthrift spouse is concerned, this is what I have done to regain/retain my sanity. I am going to pay all the bills every month out of our respective accounts, transfer the budgeted amount out of his checking into his savings, and close the door for the rest of the month. I am not going to drive myself crazy over how much money he wastes on other things, as long as the bills are paid and the budgeted amount goes to savings. We still have separate checking accounts, and it is my job to make sure the bills get paid at the beginning of the month, not monitor his daily spending habits. After all, it is HIS money, not mine.

    We have a great relationship and I would hate for it to be ruined because we differ in this one area. As long as the big picture goals are being met, the smaller ones (i.e. cutting his discretionary spending) will remain secondary. I will lead by example and hope that my progress will encourage him to follow the same path.

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    • #17
      Originally posted by PrincessPerky View Post
      I didn't mean to sound rude. Sorry
      That's ok, all advice is appreciated!

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      • #18
        I've been through this and a lot worse. At our darkest days there would be times I would have a choice return nappies or formula or not eat meat for the next two weeks only to find out that he had spent a couple of hundred out with the guys from the ship. I am sure everyone on ship heard the barrage of abuse that he got. It was our lowest point and since then we have made significant improvements.
        He and I have the same allowance. I don't work outside the home. THe kids have an allowance as well.
        All non allowance spending is written up on a paper on the fridge so it is visble to all. Also savings is on there as well. Even the kids are finding ways to save money so they can see the amount rising each week.
        We are flying to Far North Queensland (2500km) for a 2 week holiday and so far have just over $4000 saved for it.
        Even recovering spendthrift husband can see the benefit in a bit of pain here to have a fantastic fully paid for holiday!

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        • #19
          You can lead a horse to water but you can't make him drink. So you can't change a person if they aren't willing to make the change themselves.
          LivingAlmostLarge Blog

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