How do I stop my Husband from spending money?
You’re only one-half of a team. If your husband doesn’t want to save money, it puts your financial goals in jeopardy.
I know, because I was there.
My husband Jon, has tons of amazing qualities. Natural frugality isn't one of them.
You could have the best of intentions, be super financially savvy, and crazy motivated to save… but if your other half isn’t fully supporting your efforts, then you can’t be successful. It’s like playing tug of war; you save a little, he spends a little extra. No one goes anywhere and everyone gets exhausted.
Like everything in a marriage, you have to learn to work together towards a goal. If you don’t take the time to learn to do that, then you’ll always be fighting against each other.
Easier said than done right?
Maybe not.
I was really successful in getting my husband to stop spending. I married an amazing man who can fly airplanes, juggle fire, ride a unicycle, snap a straw out of a mans mouth using a bullwhip (don’t ever try that at home!), and brews his own craft beer at home. However, I did not marry a budgeter, a saver, or a man who thinks before purchasing.
This is the system that I used to turn him into the guy that questioned the necessity of my 10 cent purchase of clearance kool aid packs. (Also, as a side note: be careful what you wish for!)
All kidding aside (but he totally did that!), if this can change him… it can change anyone.
Step 1: Listen
I mean really listen. Not nodding in deep thought while you mentally counter every argument as to how he’s wrong. What are his concerns? Why doesn’t he want to do this?
My husband is a “live in the moment” kind of guy. He couldn’t stand the idea of socking all of our money away while we lived a miserable poor life and then died (or got old and wrinkly) before we could ever do anything fun. Before you can move forward, you need to figure out exactly what his opinion is.
Depending on how he communicates, this could be done in one conversation or in months. You need to find out why he spends money and why he’s resistant to your ideas. These are two different things. First, find out what makes him want to spend money on things you don’t need, and then find out why he’s resistant to change (or why’s he’s unsuccessful when he tries to change).
We'll use what you learned here in step 2.
Step 2: Compromise
This is where most people fail. To put it bluntly, his Cheetos and Pepsi are just as important as your debt reduction. I realize that Cheetos are a ridiculous way to waste your hard earned money. I realize that you could be debt free much sooner if you just ban Cheetos. I know that every financial book and manual in existence will tell you that your plan is right and his plan is wrong. Because you want to save money and change your financial future and his Cheetos are preventing that.
This isn’t a best practice budgeting pop quiz that you're each trying to pass. This is life. You don’t get to win or be right.
You each get to live your life in whatever way you find fulfilling. You chose to merge your lives and live them together. If he can’t stand the idea of squirreling away all of his money while living on a sparse budget and having little discretionary money, he shouldn't have to do that. If you can’t stand the idea of living it up, wasting your money, staying in debt and having no security for the future, you shouldn’t have to do that.
With both of your issues weighted equally (meaning yours isn’t more important because you're “right”), find a way that you can both live with the outcome. This will be highly personalized based on your situation. If you get stuck on finding a compromise, move on to the next section since that can often clarify things. If it doesn’t, then come back here.
Step 3: Goals
Find your shared goals. You’ve chosen to live your life together, now it’s time to find out what you want that life to look like. Dream big; What do you want? To be a stay at home mom? To start your own business? To be able to tour Europe and visit Disney World every year? To be a professional golfer? To have your dream house on 30 acres next to a lake? Talk it out and decide what you want your life to look like.
When we started this, we both had hectic demanding jobs for the same company. Neither of us saw any other life for ourselves than working another 15 years and retiring. Our futures didn't really excite us.
What we found out when we did this is that I wanted to be able to stay at home with the kids. Jon wanted to be able to start his own brewery. Both seem a little ridiculous for a couple saddled with enormous amounts of debt and barely making ends meet at their well-paying jobs, right?
Within 1 year, I was able to quit my job and stay home. Now, at the 3-year mark, Jon has his own brewery. Being able to identify what exactly we wanted and realizing that both of those goals were achievable if we reduced our spending drastically and learned how to make more money was the tipping point for us.
Boom! Just like that, My spender became a saver.
All of the energy that had been spent fighting over “save or spend” was now directed at achieving those two goals. We were instantly working together.
Step 4: Look ahead.
It’s a long road. It's not always a fun road. Figure out a way to make the end of your goal a part of your daily lives. Wether you talk about it every day or have a vision board up in your house, you need something that keeps you motivated and reminding you of why you want to do this. Because there will be days that you can’t remember.
You have to believe that the end result is worth the sacrifice in order to make progress on this.You also need to believe that the end result is within your reach. You need to know that it's just around the corner.
Step 5: Give him some control.
When you're better at handling money, it is so tempting to take over everything and make sure that he’s on a tight leash. It’s easy to justify that you need to be in charge of everything because he’ll screw it up. This is your husband. Someone that loves you and has dedicated his entire life to caring for you.
Let him learn. Let him flounder and fail if needed, and let him learn to be better. Make sure that he has access to money every month on his own (even if it’s just $10). Make sure that you don’t make financial decisions without his involvement and consent. Every single decision like “which credit card should we pay down first” should give him an opportunity and a chance to be involved. I know
I know you're better at money and I know you're scared to give up that control. But I want you to look for major sustainable long term results on this, not a quick but fleeting change. You need him to feel confident is his ability to manage money and to feel responsible for the outcome of your financial situation.
Step 6: (for the particularly resistant husband) Bribery.
When all else fails, resort to bribery. I'm being totally serious. Hear me out here.
Offer to buy him a Xbox if he'll go through Financial Peace University (from Dave Ramsey) with you. Why in the world would you spend $300 on a Xbox when your finances are a mess? Because without you both going in the same direction, your efforts are wasted. Getting him on board with saving money is your only hope if the above steps didn’t work. That $300 will likely save you hundreds of thousands in your lives. Assuming, it won’t impact your ability to feed your family… Make the deal, take Financial Peace University and let Dave work his magic. If you aren’t afraid to be in the morally
Hint: If you aren’t afraid to be in the morally gray area, make the agreement that you buy the Xbox AFTER you finish the class. I give it a 99% chance that he won't actually want to buy the Xbox at the end of the class. But… no need to tell him that when you make the deal.
I know how much your different views on budgeting affects your marriage. We’ve been there. I can remember thinking that there was no way out of the money fight cycle that we were in. I’m also here to tell you that it’s been years since we had a fight about money. If you work your way through this list, you can leave the money fights behind you and start seeing the results of working together.
Why do you think your husband spends money?
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Years ago we started each taking $20 a week for our own spending. It has worked so well to keep us from fighting about each others spending. We can either spend our money each week on things like coffee or snacks, or we can choose to save them up for bigger things.
Julie@frugallyblonde.com recently posted…A Peek Into Our Christmas and New Year
Wow, this post will be helping wives everywhere!! I can already imagine the hubby and I sitting down for a nice long chat — or a series of chats, whatever it takes. I DO try to involve him in decision-making, and we dream often about what we could do in the future, but we’ve never turned those dreams into goals. And I’ve never really understood why he can’t JUST SAY NO. But now I’m gonna ask. Thanks so much for this!
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It makes him feel better or gives him the I deserve its. I can’t even go to the grocery store without going over budget. It’s awful and frustrating.
I heart this post so much! My favorite part is about dreaming together. We’ve been married 18 years and have little kids and in the last couple years that dreaming has been put on the back burner. It’s been a great reminder for me. 🙂
Dreaming together on the back porch on a cool summer night with hot cocoa and chocolate chip cookies is pretty much my favorite date night ever. 🙂
Such good points. Gracefully addressing this issue is a big deal and will greatly help any marriage!
We of course also went through FPU and it was awesome. Like some above, we budget a set amount each month for each of our own “fun money” – that way any spending for fun is not questioned. We can also just keep saving it to save up for something big if we want.
What’s funny is that, as a saver myself, I have a huge sum built up. He’s the spender and rarely has any carry-over. So funny to see different personality types come out in our fun money budgets!
Want to hear something funny? We went through FPU twice. Got an XBOX for free – hubby won it in a sales contest at church.
Where was this 3 years ago? My husband is the same way. We finally get to a place where we have a little extra at the end of the month, and he buys snacks 8 days in a row…or decides that extra money means we can take on another monthly payment. ? After many fights and failed attempts, I finally made him in charge of finances. I told him if we fail, it’s on him. If we succeed, it’s on him. He’s doing a ton better now that he’s seen it laid out and been in charge of things, but he still can’t help himself if there’s cash in his pocket.
Ooh, I love the suggestion to dream together and discuss your future!
One thing that works well for us is to have six bank accounts between us: we have a joint current account, a joint savings account, and our own personal current and savings accounts. Each month, we both put around 2/3rds of our pay into the joint account, which covers things like household bills, groceries, and date nights, as well as saving for our shared future. The other third is ours to do with as we please, whether that’s save, spend or a blend of the two. For instance, a down payment on a new home would come out of our joint savings, but a gaming computer to put in that home would come out of my husband’s savings. Of course, just because the gaming computer was paid for with my husband’s money doesn’t mean I’m not allowed to use it, just that he doesn’t expect me to pay for it because I don’t need a gaming computer and I’d be unlikely to use it much, if ever (in fact, I think the last time I logged onto his computer was about three years ago, in my pre-smartphone days, when my laptop died and I needed to check my email).
This works well for us because we both work full-time in the same field, so we have similar salaries and neither of us feels like we have to ask the other’s permission to buy ‘fun’ things.
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Great article!
My husband is a spontaneous overspender and we’ve had many fights about it in the past few years. I admit I did not handle his mistakes well and I think it backfired on us. In the past several months, I’ve been better with my attitude and it has helped him a bit.
We have a baby on the way now and I think he’s also starting to change a bit because of that. Tomorrow we are starting fresh with a new budget and new goals. Looking forward to some more progress in this area of our marriage!
Thanks,Tazzy! We had this issue too!
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Wow! Great post. My favorite part is dreaming together. We will surely work on this. From tomorrow we will start a fresh day with new goals. Thank you for sharing an informative post
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I can say that what a great information you shared with me to make my full control on my husband. I am engaged with my husband since 10 years but never utilized most of the ways you shared in this post. The valentine day is coming and I would follow this post to do something extraordinary to control his spending habits.
I can surely use your provided ways to make my life more pleasant with my husband. Thanks
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This is a wonderful post. Unfortunately I’m not sure that these tips are helpful for my situation. My husband is 29 years old. While he was younger, his mother built his credit for him, getting him to a score of mid 700s. What does his 20 year old self do? Goes and gets a credit card with a $10,000 limit and other cards. Racks them up with all sorts of purchases, including fast food. Only pays the minimum payment for years while it’s maxed. Needless to say, he now has approximately $13,000+ in debt and is in the middle of debt settlement. Still has not learned his lesson and won’t save his money. Whenever he runs out, he calls his mother and she never says no. When I asked him why he insists on buying tons of things he doesn’t need, he said he has the “Christmas” effect whenever he buys something new and it brings him joy to open a brand new item. He actually questioned that it may be a mental disorder. He also has a habit of buying things then returning them or exchanging them or selling them on eBay and losing money. Does he seek help or guidance? Does he try to change his ways? Nope. Please someone help! I’m the exact opposite, I’ve been saving since my very first job. We’re ready to buy a house. But can I commit to buying a house with someone so reckless with money? And I’ll be spending my entire savings on a down payment. If we were a partnership and equal, we would both have something to contribute to a down payment.