A Spender and a Saver Relationship - Making Sense Of Cents
Whether you are the saver or the spender in the relationship, some might .. Thankfully, we haven't had money issues in our marriage because. Spender Relationship Work (PHOTOS) however, there can be a whole lot of conflict when a spender finds love with a saver. "I am the spender, he is the saver. We have mostly combined finances in a way that allows for a 'no questions. Spender VS Saver: How Your Money Personality Affects Your Relationship with different money personalities and beliefs start a relationship without Our book 'Let's Fight About Money' discusses some questions to ask.
One great online expense tracker is Mint.
A Spender and a Saver Relationship
Everyday expenses can be entered and tracked and Mint also offers colorful charts to help those visual learners. Quicken and Quickbooks are two software programs that I use. I enter my expenses on the checkbook register digitally, categorize each expense I set up the categories when I first loaded the programthen at the end of the month I can pull a report that shows where my money is going.
Seeing where most of my money goes rent and utilities allows me to decide if I'm paying too much for electricity, water, or phone service.
I usually delegate the task of calling companies for better rates to my husband. He gladly takes on the challenge and often can reduce our rates. Tracking my expenses also helps me see where I can trim down my budget and save money.
For instance, my Starbucks portion of the pie chart has gotten a little out of control. Using this as a guide, I can reevaluate my budget and decide if I need to cut back on certain expenses and opt out of that second daily drink. Tracking expenses and forming a budget can help guide a spender into reducing their spending habits, allowing the saver to feel a bit more in control.
Sharing Purchasing Power Once a couple has a handle on their expenses and has a rough budget outlined, it's time to discuss purchasing habits. If the spender is secretly spending more than what the couple can afford, the saver will be beside themselves and may not be able to amicably resolve the issue.
14 questions couples should answer when managing their money together
Open discussion is a must and can be done through various ways including: Deciding how much of the combined income will be set aside for frivolous or splurge purchases. Once that monthly limit has been met, the spender is asked to give up their credit or debit cards. On a white board or other visual aid, keep track of last minute purchases.
- Coping Mechanisms for a Spender-Saver Relationship
- 14 questions couples should answer when managing their money together
This way, instead of having to verbalize what was spent, it is written down allowing the saver to vent a bit before an argument takes place. Put the spender on a cash-only diet.
11 Couples Who Make the Saver vs. Spender Relationship Work (PHOTOS) | CafeMom
This tactic may help if the spender is out of control and cannot be trusted with credit. Wes on the other hand, is a spender. He knows how to use money to have fun and enjoy life. He plans fun trips and fun ways to spend his money, and he doesn't worry or wonder about every little purchase. Some would say that a saver with a saver, or a spender with a spender is a better idea because there will be less conflict, but I just don't agree with that.
Instead, we each are learning and growing from each other and together. I have taught him that saving can be a good thing. We have financial goals and we keep each other in check so that we can reach them. He understands the importance of saving and how it can help us. He has taught me that money can be enjoyed as well. While that may work for some, I believe that life is meant to be enjoyed.
He helps me live life more! Be open about your finances. Whether you are the saver or the spender in the relationship, some might try to hide money in their relationship.
According to a survey done by CreditCards. Most of them either have a secret credit card or a secret savings account.
11 Couples Who Make the Saver vs. Spender Relationship Work (PHOTOS)
The saver might try to hide money so that the spender can't spend it. The spender might try to hide money so that they can have more money to spend at a later time.
They might rack up credit card debt on the side so that they can still spend money. I think having a secret account can be devastating to a relationship.