BBC - Capital - A spender marries a saver — now what?
Spender Relationship Work (PHOTOS) comes to money, however, there can be a whole lot of conflict when a spender finds love with a saver. Shared Goals. A majority of couples have a spender and a saver in their relationship . to share mutual financial goals and keep track of household spending. A relationship between a spender and a saver will take more work and to encourage each other to save money towards a common goal and.
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.
The Spender vs. The Saver: How to Coexist When You’re Complete Opposites
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.
Coping Mechanisms for a Spender-Saver Relationship
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.
One great online expense tracker is Mint. Everyday expenses can be entered and tracked and Mint also offers colorful charts to help those visual learners.
A Spender and a Saver Relationship - Making Sense Of Cents
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.
- A spender marries a saver — now what?
- 11 Couples Who Make the Saver vs. Spender Relationship Work (PHOTOS)
- Coping Mechanisms for a Spender-Saver Relationship
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.
This provides you with a variety of talking points and will open the lines of communication about where you want to spend your money. One thing that really helps with this are Budget Meetings. Basically, this money is totally unaccounted for, and we can decide where to spend it without the approval of the other person. Not only does it relieve the pressure, it also allows each of us to buy something we wouldn't normally buy…and get away with it!
Our budget is tight enough where we can't do much more than that either.
A Spender and a Saver Relationship
Offer Forgiveness and Understanding Lastly, remember neither one of you is perfect. There are going to be financial screw ups on both sides, no matter how responsible you are! Things like this are bound to happen.
Although he knew they were in financial trouble, he didn't know the extent of the damage. In fact, when Mark saw how much trouble they were in, his response was not one of anger or frustration.