Posted by Nancy Hecht, CFP®, AIF®
Opposites often attract but when it comes to saving money for the future, this may not be a good thing. Here are three things to look at to help you get on the same page.
Try to understand why he is not committed to saving.
How did your husband’s parents handle money? Bad modeling with saving and spending may have been passed down. Does your husband feel he is entitled because he works so hard? Is there an underlying problem such as illness or drugs? If you can get to the root of the problem in a constructive, nonjudgmental way, you can move past it.
Have shared savings goals.
Talk about what you would like to accomplish together. Once you have outlined some shared goals and dreams, you can work on a budget and savings plan together.
Make it automatic.
Any time you can take advantage of direct deposit or systematic deposits – do it. We take advantage of automatic withdrawal to your retirement plans; we can set up the same program into your savings account to accomplish your shared goals.