[ADVICE] DH is soooo bad with money :(

[Marley&Me]

Thanks everyone! Just got back from work and been reading all your responses.

I do give DH 'pocketmoney' but I give him too much. I will have to reduce the amount I think. We get all the bills/rent paid and I have enough for groceries, but I just can't manage to save on my wage alone. We save a small amount, but for our wages combined we could be saving heaps more. At least living that way isn't uncommon
I am just going to have to be way more strict, weather he likes it or not. I told him in an argument this morning that that's how it is going to be and if he doesn't like it then I suggest we get a divorce because I will no longer live like this.

Thanks again for all your replies ladies xx


Oh and Epacris, your post never showed up this morning so I didn't acknowledge it. Sorry I wasn't snobbing you

[Saffy]

Tasha- I have been in the same boat as you too, my DH is terrible with money, I am ok but have had to learn a lot to rein in DH or we would have broken up over it.

One example- my DH had a credit card bill that blew out of all proportion ( I knew about it but he lied to me about how much he owed) he was buying things just for the sake of it. Eventually I went nuts and he ended up selling an apartment he owned in the UK ( it was when we were getting a mortgage so was planning to sell it to add to our deposit) well, every cent of profit he made from that apartment went into paying off his credit card!!!!!( this was an almost 40 yo man by the way)- so all of our deposit for our house came from me! I am getting mad thinking about this, it really nearly made me leave him, I was crying all the time.

After a few more incidents, I had just had a miscarriage and told him I was leaving him if he didn't change. He has really made an effort since, he got rid of his credit card and now deposits $200 of his pay into a savings account, he has never had 'savings' before and is very proud of himself. I am still worried about what will happen if we have a baby and I am dependent on his income but I basically now control our money, we have a joint account that he puts most of his pay into then we have our own seperate accounts too.

I agree with you, cut back more and you'll bump up your savings, if he doesn't have the money, he can't spend it. Let us know what he says.

I hope you don't feel alone in this, there are obviously many people in the same boat as you and it can be dealt with.

Good luck tasha!

[Marley&Me]

Thanks Saffy, I feel your pain So glad he pulled his finger out and realised he needed to change.

We just had a chat then actually. He agrees that his spending is out of control and that something needs to be done. We agreed that I now leave him $100 a week ( it used to be $200) for beers/cigarettes etc and whatever he doesn't spend he will try to save. The rest goes into a separate account I have that he can't touch. I will keep paying bills and groceries from my account and just pay rent from the other account.
His biggest issue is the lack of savings in his account because we really need the record for the banks when we go for a house loan. But they did say that even though he can't touch the other account, just seeing his money go into it and build up will be enough for them to approve a loan.

FX it works because I am not sitting at home with a screaming baby and no car because we can't pay for it to be fixed. Or no food because we can't pay for groceries.....you see where I'm going!