Need help with financail problem?

Question

I've been having problems with my husband and our finances. The problem is money burns a hole in his pocket. He spends all of his paycheck within 3 days of getting it and we go broke. Ive tried many times to keep track but he spends and doesnt tell me. Ive put money into savings only to check the account 2 weeks later and have it be gone and then some. Ive nicely discussed this with him many times and I guess it doesn work because he doesnt listen. Should I be more forcefull? Does anyone have any suggestions how to help him improve with our finances? He also makes good money so there is no reason we should always have nothing.

Please no rude, negative, or derrogatory answers . Thanks!

Answer 1

Okay, I'm going to be the bearer of bad news here.

You are going to have to put your husband on a cash allowance.  That means taking away any credit and debit cards.  Also, you will need to convince him to get direct deposit of his paycheck in a joint account.  When your husband gets paid, you are going to have to have his paycheck transferred from your joint account to an account in your name only so he no longer has access to the money.  

This is going to cause a huge problem between you and your husband.  However, it is the only solution that I see to get your bills paid.

With the allowance, once it's gone, it's gone and he cannot get any more money until the next pay day.

I hope that you can get this problem resolved.

Answer 2

A website I use is CashCrate, and it's free and pretty easy. It's safe, and they don't let any personal info out. You have to be at least 13 years to join.

If you have any questions, go here:

http://moneyinasnap.blogspot.com/

Make sure you get consent from your parents first if you're under 18 years.

Answer 3

Tell him to grow up.  He isn't a child anymore and he has responsibilties.  He needs to MAN UP.  

Put the money somewhere else before he can spend it if you have to.

Answer 4

I would just explain to your husband how important it is that the money needs to stay in savings and may you should have him hand over his pay check to you for you to handle the expenses and savings since he is not able to do that.  I, myself was that way with money when I was married and my husband had me give him my money to ensure that it went to bills and living other than me throwing it away.  Hang it there!