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Dh finally came home from this last job and we were sitting down and I showed him a rough draft budget listing all our expenses. I listed car payments, insurance, utilities, cc and student loan payments, etc. Then I showed him the total. His response was...
"Then where does the rest of it go?" Duh, that is what I've been trying to tell him all this time. I guess he just couldn't visualize it until I broke it down this way.
So now we are on Dave Ramsey's TMMO and are going to knock down our debt and start saving $.
I told him all the benefits, less money out equals more in savings, more to invest, more money when we retire, more flexibility to have fun with our money. So of course he said it was a good idea and wanted to know how much "fun money" he could have. So we're still working on that. But he really only spends money on a few things regularly. Its the large impulse purchases we need to cut out.
Besides I told him if we want to have babies soon I'm going to need to stay home and he laughed (not in a bad way but in a I knew you were going to say that way) and said well we better start saving then huh?
So yea! He's finally fully on board with getting big time serious with our bills, which I need to go pay a few right now.
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That's great that you two have communicated before you have children! Now you can make your life what you want it to be! We love Dave Ramsey too. Good Luck!
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That's so funny! I got Dave Ramsey's book out of the library two days ago and have been trying to talk to my husband about our "budget". It seems that if I pay for daycare 5 days a week along with all our regular expenses we're in the red each month by about $200. So I asked if we could cancel cable or sell one of our vehicles and dh didn't seemed too thrilled. So, the ultimatum is that dh will have to find a job where he makes more $$. He thinks I'm being pushy, but I'm sure that he won't enjoy it if creditors start calling the house for their money!!
I'm sure that we'll figure it all out. Dave Ramsey is a great motivator!
(Also, I think I heard his whole schpeal before from our Primerica Agent. They must use his book for tips and tricks?)
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Good luck!! my dh wants to try to pay off all our debt before he takes care of needed car maintence, i had to BEG him to let me get 2 of my 3 windows with the pulley thingy broken fixed! I can't drive around without my windows rolling up and down.
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Glad to hear you are getting him on board.
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The only thing with dh is that he refuses for us to have a "junk" car. He gets so worried about me because I drive an hour to work (one way) every day. So we have had to compromise on that issue. But we currently aren't paying rent or a mortgage so I'm just putting the car payments there instead.
We aren't too bad off debt wise, if you don't count student loans so we should be able to knock it down quickly with both of us working. We are going to try to start just living on his income and leaving mine in the bank too. It will get tight with some of the months he doesn't work much but it will be good practice for when I hopefully soon become a SAHM.
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Originally Posted by ash52402
Good luck!! my dh wants to try to pay off all our debt before he takes care of needed car maintence, i had to BEG him to let me get 2 of my 3 windows with the pulley thingy broken fixed! I can't drive around without my windows rolling up and down.
Be careful with putting of car maintenance. Keeping the car in good working order is really a good money saver. If somethings quits working then it can be a Big expense. Up keep is much cheaper.
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That's wonderful, especially the part that he knew you would want to stay at home after babies. It was a frightening prospect for my DH but so far so good.
Keep up the good work. Getting diciplined now will help after your kids arrive!
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Originally Posted by Adda15
That's wonderful, especially the part that he knew you would want to stay at home after babies. It was a frightening prospect for my DH but so far so good.
Keep up the good work. Getting diciplined now will help after your kids arrive!
Yeah, its something he has always known. Its never been a secret with me. My mom stayed home most of the time when my sister was growing up and it was always nice. She did PTO and was our girl scout leader and I want to do that too.
Dh tells me now that I don't have to work if I don't want to, but to me its silly not to bring in some extra money now. He's such a sweetheart really.
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Bills and budgets depress my husband so I take care of it all. When we were younger and before we discovered his caffeine allergy which made him bipolar he spent way to much money and put us in bad debt buy using credit cards way to much to get everything he wanted. I did not realize the problem until I opened a few bills and freaked out. I pay everything now and don't show him the bills because he gets upset about when he had his problems.We discuss bills about twice a year now and I discuss with him when and when he cannot enjoy extras based on expenses. Now we discuss most major purchases and we are doing better. I even trained him to feel guilty about most purchases...since he is a boy who likes his toys. Looking forward to getting the bills paid off and deciding where to go from there. We live in the city right now to save money...since homes just 4-5 miles out of the city and the same size as ours sell for $75,000 to $100,000 more. We were lucky we found a quiet city neighborhood about 1/2 block from one of the city's better schools.
Jen