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  1. #16
    I am now LVholicmum juicyholicmum's Avatar
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    Default Re: Help or Tips in Saving Up....

    Quote Originally Posted by boysRsmelly View Post
    For just saving up money, Mr BRS has set up a little system. We have a joint savings account that is separate from our other accounts. With each of my paychecks (every two weeks), $20 is direct deposited into the savings account and the rest goes into my regular checking account. I don't really seem to miss it all that much since it comes right out of my paycheck. Plus I really don't have any way to access it unless I physically went inside the bank and asked to withdraw money (we purposely didn't get an ATM card). It seems to be working so far, although there hasn't been a ton of money saved up yet. You could make the amount each paycheck whatever you want though, $20 is just what works for us at the moment.
    that's a good idea, maybe I can open up a savings account without an ATM..... we've got a joint account too but it is linked to his ATM so there you go.....

  2. #17
    Totally Purse Obsessed Arianne12's Avatar
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    Default Re: Help or Tips in Saving Up....

    Juicy, I'm sorry you're facing this. Like the girls say your DH is not a bad guy. But if he can't help himself even though he knows he should stop, then he really needs to get counselling. And he needs to make that decision himself as no one can make him do it.

    As for saving tips...
    - set up a savings account that neither of you can touch or withdraw with a bankcard. get DH's employer to split his pay so that part of it goes into your everyday account and the balance into your savings account. so you automatically put away savings each month.

    - figure how much money goes to bills and how much disposable income you have left. allocate how much allowance each of you get per month. then withdraw the money each week and carry cash. don't use CC or bank cards. You'll be able to track how much money you're spending and you'll be surprised how hesitant you are to spend when you use cash. When you've used up your cash for the week, you can't withdraw more money so you'll have to budget properly.

    HTH.

  3. #18
    I am now LVholicmum juicyholicmum's Avatar
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    Default Re: Help or Tips in Saving Up....

    ^^^Thanks Arianne, I think that would really help..... He's actually suggested to ask their HR department to put the money in my everyday account, and just leave some for car repayments (as he salary sacrificed our vehicle)... I'll remind him to do it already...

    Okay, next step would probably to compute how much we spend on bills... I always write it down though but never really thought of getting the total of how much it is a fortnight...

  4. #19
    Totally Purse Obsessed Arianne12's Avatar
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    Default Re: Help or Tips in Saving Up....

    Yeah, we were really bad at tracking down how much we spend. But when we started carrying cash, we realised that a coffee here, a DVD there and a lipstick here really add up! I'm very conscious now of whether i really need something in the shops.

    Also, we never really knew how much money went to bills which caused panic when suddenly a sum of money went out on direct debit and we didn't expect it.

    We use to order in all the time, but now I cook everyday and limit takeaways to once a week. This saves a lot.

  5. #20
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    Default Re: Help or Tips in Saving Up....

    When we were first married, we always tried to save, keep money in other accts., shoeboxes, whatever, but we always managed to need it so it never really worked.

    If you have CC debt, then the 1st thing is to pay it off. A direct deduction every pay check to the CC company is the best way to MAKE sure it gets paid. And you need to put as much as you can without having to live off of the credit card between pay periods. Otherwise the cycle never quits.

    Then, the best way we found, was to set up IRA's, education funds, etc. that goes direct from your paycheck to them. We started out with a little here, and a little there, but now over the laast 13 years we manage to put about 50,000 a year away in different savings plans. The key is to do it gradually over time, adjust slowly to living with less, and eventually you don't even miss it.

    For us the self discipline just never worked (ok...for me!). It had to be taken out of the checks every month or forget it!

    One more suggestion might be microsoft money, or something like that. Those programs used to scare the hell outta me, but now I use it with ease and it really helps show where the money goes. I am no expert, but in my opinion it needs to be a buckle down situation. We pay our CC to a zero balance every month and have no other existing debt at this point in our lives. I know it may sound like I am bragging....but I am! I never DREAMED we could get there. My philosophy is if it has to be charged, (other than a house of coarse!!), we can't afford it!

    Hope this helps. It can be a long road and I truely wish you the best of luck...maybe LUCK is the wrong word LOL!

  6. #21
    Karen linvline's Avatar
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    Default Re: Help or Tips in Saving Up....

    I totally agree with kanmp, if the money is "forced" to taken away from you, then you are forced to save up. I think you should start the pension plan sorta saving plan, start from small and slowly increase the amount until your husband totally get rid of the gambling habit

    as you said, he gambles online, why don't you control that part? i think there is a software like parental control which will lock up some website as you wish... may be that helps? unless he gambles at work...
    or, just drag him away from the pc, make him watches movie/dvd with you or anything that will stop him from online gambling...

    you can bet with him may be? no matter who win or lose, the money is still in the family, it's just moving from pocket A to pocket B...

    conclude everyone's suggestion or opinion, make a choice, make a plan
    do it now, you will be there sooner than you think!

  7. #22
    RM Ticked Off!
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    Default Re: Help or Tips in Saving Up....

    ^^^ i am in the financial industry myself and look at the mess i'm in. it's not really that funny but it just goes to show that no matter what you do for a living if you have bad habits they are hard to break.

    ITA on the retirement / pension thing. it comes straight out of the paycheck and you're forced to save it otherwise you get penalized for withdrawing. at least with this, i actually have about $15k saved up that i can't touch and it is growing in investments. so i don't feel AS broke as i would if i didn't have those.
    Wishlist: get out of debt

    so totally :banned2:


  8. #23
    I am now LVholicmum juicyholicmum's Avatar
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    Default Re: Help or Tips in Saving Up....

    we've got super annuation here in Australia wherein they take money automatically out of our pay and that ends up to be our pension......

    Thanks girls for your ideas, but I guess the only way to get out of these problems is within us as a couple as well.... Now I just need support.

  9. #24
    ♥'s RM Jess's Avatar
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    Default Re: Help or Tips in Saving Up....

    ^Off topic, but juilcyholicmum - your avatar pic is ADORABLE!!!!! Your son is SO cute!!

  10. #25
    I am now LVholicmum juicyholicmum's Avatar
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    Default Re: Help or Tips in Saving Up....

    Quote Originally Posted by JessLR View Post
    ^Off topic, but juilcyholicmum - your avatar pic is ADORABLE!!!!! Your son is SO cute!!
    lol.... thanks Jess he's turning 1 this weekend...

  11. #26
    Fashionista lrc123's Avatar
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    Default Re: Help or Tips in Saving Up....

    You are definitely enabling him and making excuses and avoiding the real issue. He doesn't have to be "a bad person" to have a gambling addiction and no matter how badly he feels for doing what he does, it is obvious that that is not changing anything. You need to go to Gamblers Anonymous meetings for yourself if you ever hope to see a change and it is not going to extremes for you to do so. It is doing what is best for you and the children and him, too. It is, more than anything else, an act of love on your part, love of self and love for your husband and the children
    Us girls we are so magical, soft skin, red lips, so kissable.

  12. #27
    I am now LVholicmum juicyholicmum's Avatar
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    Default Re: Help or Tips in Saving Up....

    Quote Originally Posted by lrc123 View Post
    You are definitely enabling him and making excuses and avoiding the real issue. He doesn't have to be "a bad person" to have a gambling addiction and no matter how badly he feels for doing what he does, it is obvious that that is not changing anything. You need to go to Gamblers Anonymous meetings for yourself if you ever hope to see a change and it is not going to extremes for you to do so. It is doing what is best for you and the children and him, too. It is, more than anything else, an act of love on your part, love of self and love for your husband and the children
    Thanks, but we've come to a decision. and we're both going on our addictions ban... him his gambling, me my bags.... Saying to put a loved one in something like Gamblers Anonymous is easier said than done.... I wouldn't resort to this until I have yet breath and willpower to support him to change...

    Thanks though I appreciate it

  13. #28
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    Default Re: Help or Tips in Saving Up....

    My lifesaver has been my Schwab account. I have a certain amount pulled weekly into the money market portion of it and then if I choose to purchase stocks, I can do so easily.

    After reading about your husband's gambling, I would say that an account like this is imperative. And he needs to NOT be on it. At this point you probably need to focus on having moeny set aside for your kids.

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