{"id":466,"date":"2018-06-20T05:39:34","date_gmt":"2018-06-20T05:39:34","guid":{"rendered":"http:\/\/www.development-work.com\/mydebt\/?p=466"},"modified":"2020-10-26T05:40:57","modified_gmt":"2020-10-26T05:40:57","slug":"convincing-your-better-half-to-save-money-as-one","status":"publish","type":"post","link":"https:\/\/www.mydebtacademy.com\/credit-counseling\/convincing-your-better-half-to-save-money-as-one\/","title":{"rendered":"Convincing Your Better Half to Save Money As One"},"content":{"rendered":"

First of all, congratulations, if the idea of saving money for the future has knocked at your door. There aren\u2019t many people like you. Interest rates are steeping low, and consumerism has taken a place in the heart of Americans as their favorite pastime.<\/p>\n

Chances are your partner or spouse doesn\u2019t believe in your views on penny-pinching. Everyone around is purchasing new houses, planning vacations while bragging about their latest purchases. It may seem that the situation is fine, but actually, it isn\u2019t.<\/p>\n

People have developed a habit of spending more than their income. There is no doubt that this is a problem, but making your better half understand its depth is a whole other story.<\/p>\n

But if you want to make a financial safety net and gather a good amount for retirement, it is next to impossible without their support. Let us help you convince them to save money mutually.<\/p>\n

Be In Their Shoes<\/h3>\n

\"Save<\/p>\n

There are many couples who discuss spending like a battle. One person wants to shield their right to live life to the fullest and spend money from time-to-time, whereas, the other only sees the future.<\/p>\n

This is a continuous loop running round-and-round all the time with couples. Whenever one freaks out over a small purchase, the other, who is just trying to be practical say some things that are hurtful to the partner, making it more difficult to agree in the end. That\u2019s quite a situation.<\/p>\n

So in order to have a successful conversation with your partner about spending, you need to be in their shoes first. Try to find the reason why they feel the necessity to spend money like they do. The primary motive of this step is to show that you understand and sympathize so that to make them put down their battle suit and actually talk to you about it.<\/p>\n

Aim at the Benefits<\/h3>\n

\"Save<\/p>\n

Believe us, there\u2019s no trick to make your spouse think that avoiding the habit of consumerism will make things easy and comfortable. They will have to alter their whole mindset, and then try to give up the amenities they\u2019ve grown the habit of, such as a 3 story house, an extra vehicle, and an\u00a0annual vacation, to name a few. You are aware of the fact that this comes under the tab of unfortunate necessities in today\u2019s economy.<\/p>\n

Now imagine this. During retirement, the costs associated with your joint health care could run several hundred thousand dollars. Your Social Security funds are running out with each passing day. Even if you have stashed away some money, it\u2019s probably doesn\u2019t come close enough to take you through retirement.<\/p>\n

But spewing out stats like these aren\u2019t likely to make your spouse enthusiastic. It\u2019s a scare tactic and the chances are that they might respond poorly. So don\u2019t focus on the reason why to save money for long-term survival.<\/p>\n

Instead, you should aim at the benefits, including:<\/p>\n