Post # 1
SO and I have only combined our housing-related expenses so far (not engaged yet). I left my wallet at home accidently today, and SO was stopping at Michaels after work to get a candle-making kit because there was a 50% off one regular price item coupon and we’re going to try to make our own to save money instead of buying them (and if it works, use them for Christmas presents for family).
Anyway, I told SO to use my debit card (my personal one) and gave him the PIN to buy the candle stuff because I got paid today and he gets paid Wednesday, and we wanted to start trying to make them tonight while we stay in (dorky Friday night, I know).
I didn’t set a spending limit.
He spent $60, AFTER the coupon. Granted, he got the $30 kit for $15, but then spent $45 in misc. other things for the candles (color, scent, extra wicks, etc.)
I’m at work now, not at home, so I told him to save the receipt and don’t open anything but the kit because I’ll probably return some things and maybe get something with my 50% off coupon.
Lesson learned, haha, don’t let him go shopping with the debit card. Cash only (so I can control budget).
SO is slowly learning about being frugal with money (he had lived at home before we moved in together in July), since he lived at home he didn’t have many expenses and had a lot more disposable income at hand and is used to that. Now he’s realizing a lot of his money goes to bills and he doesn’t have quite as much, and is learning about not just buying things because you want them since you have to maybe budget and save up for things.
Post # 3
I loved this post lol. My DH and I have an agreement. He carries cash, I keep all bank cards, credit cards, and checkbooks. He’s not bad at budgeting on paper, but he never kept up with what his balance was on cards. With cash he can’t overspend. It works well for us.
Post # 4
- Wedding: November 2013 - St. Augustine Beach, FL
Works the same with us. I love FH but he is just not as good with staying within the budget as I am.
Post # 5
For $60 we could have gotten 2 big Yankee candles! haha He thinks “well, we’re going to need this stuff, might as well get it all now” rather than like me, “well, this is what we need to get started (the kit, $15) and then as we go along we’ll get more stuff (on sale) and thus not spend so much at the start”.
Oh well, another lesson learned in our merging of our lives!
Post # 6
Oh my. I’m sending SO grocery shopping for me tonight since I have to work and refused to give him my debit card. He gets cash. I’m terrified for when we combine finances because he is not good with cards of any kind!!
Post # 7
It’s kinda cute he cared enough to shop around and find additional stuff at the craft store though wasn’t it? 🙂
Post # 8
I don’t know how your bank works, but I just won’t give DH my pin, as it invalidates my fraud protection. It may sound a little silly, as I completely trust DH, but say there was a skimmer at Micheals, so there was an investigation and it shows a male using the card instead of you. Unlikely, but I just wouldn’t want to risk that, even though it is a joint account!
So there you have another good reason to not give him your debit card!
Post # 9
My husband has his own card to our account, but won’t have credit cards or anything. He’s getting used to not spending very much because most of it goes to bills, but I think it’s definitely a hard habit to get into. It was for me at least.
Post # 10
@CorgiTales: It’s really cute, and he’s such a “manly man” – drives big trucks (snow plows/construction). It makes me laugh that he wants to make candles, it’s his idea (we’re doing it together though).
Well we ended up taking some things back, and were able to use a new 50% off coupon for this week on a 4 lb block of wax for less money than he spent on a 1 lb block!