Post # 1
so my husband and i have talked about this many times and we are on the same page financially about what we want to have saved by a certain point (for a down payment on a house) but it drives me NUTS that he can’t seem to save anything and we make almost exactly the same amount of money. we had the same amount of money when we met and have been making about the same as each other for the past 5 years. his bank account has stayed around $4000 throughout the years and mine has gone up to almost $40000. he does pay for me when we go out to a bar or restaurant which is usually once every week or two but i never get more then 2 drinks. He’s tried to figure it out but just can’t figure out where his moneys going. i looked over everything today in his accounts at his request to help solve this mystery and after all bills/rent/groceries/gas/etc he should still have at least $1000 left over at the end of the month and yet its nowhere to be seen. he feels like he doesnt make enought money to save anything which i understand except for the fact that i make the same amount as him and we have the same bills and im able to put at least $1500/month into savings. He did finally set up automatic withdrawls into his savings and is planning on tranfering $500/month into our house fund but it just drives me nuts and i needed to vent about it.
Do any of you make the same amount as your husband and one of you can’t seem to save for the life of you? What did you do to help them save?
Post # 3
That tough, I would definitely help him to track every thing that he spends, cash or credit to see where it’s going. That a lot of money to just have ‘missing’ and unaccounted for. If you can save 1500 a month, why is he only automatically tranfering 500. Why not 1500 or even 1000 since you say he pays for when you guys go out. We use credit cards for everything (and pay it off every month) so that it’s easy to download and categorize to track. I know people swear by cash only, but that to me is harder to keep track of since receipts and all are a hassle to me. For us, we both make the same and are huge savers.
Post # 4
@pinkshoes: i am going to help him track his spending more carefully. I originally tried to get him to transfer $1000/month but he doesnt feel comfortable with it because in his mind he doesnt want to see his account dip below a certain point (even though i’ve explained that his money is still there if he needs it, just in a savings account rather then checking. He’s only been doing the $500 for 2 months so i think he just needs baby steps to feel comfortable and hopefully we can up it to $1000 soon. its just frustrating because neither of us are big spenders (we’re actually pretty cheap) and i’ve always squirreled money away for paranoia of being broke and he still cant seem to save. I’ll do an updated post in a few months to share if we’ve made any progress.
Post # 5
Does he have other expenses that are more than yours? Maybe gas to get to work for example, bank fees, etc.?