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

    Hi girls,

    I just want to hear your thoughts or tips even on how to save up money effectively... I've always been bad with money even from when I was younger.... But now I'm determined to learn as I'm having 2 kids and I want to save up money for them so I can give them all that they want and need.... My DH gambles so that's one problem, when I got money on my wallet he ends up taking it (I control the money in the house but I don't think I'm doing a good job...)

    I tried writing down budgets and tucking away money, but no luck... SO.. I would really appreciate your thoughts on what's the best way to save up.... Thanks girls.... I can't ask anyone else, as I don't want them to judge us... Don't get me wrong, my DH is an awesome father and husband, just the gambling that's the prob... but he's toned down from before, and I can see he's really trying....

    Thanks girls

  2. #2
    Karen linvline's Avatar
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    Default Re: Help or Tips in Saving Up....

    hm... is there anyway that you can set up an award system for your DH to stop gambling? or may be you can figure something to do together, taking up his time and space to go gamble..?

    may be you can try something like, his monthly gambling allowance is limited to.. let's say $500 or so..?

    Since you're the controller at home, i guess you should save money into the bank and your DH has no access to the atm card or withdrawal unless it's an emergency, of course your husband has to understand this is for his own good and for the kids as well..

    good luck!
    cheer up! there must be a way.

  3. #3
    ♥'s RM Jess's Avatar
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    Default Re: Help or Tips in Saving Up....

    We won't judge you! That's great you wanna save up (I myself am horrible at saving!!).

    First, I would get your DH to STOP gambling! Just think of where that money goes - not to you/his family. Ya know? Gambling money could go towards your kids...or a NECESSITY! LOL!

    Second, set a budget for like groceries, how much you'll spend on clothing for your kids, how much you'll spend on entertainment each month (which you should limit), ect.

    Then, I would figure out how much you want to save. Like, set up a bank account for your 2 kids' college fund or some sort of fund - then put money in it each month.


    Good luck!!! And be determined!! You can do it!

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    ♥ Moderator ♥ Zombiegirl's Avatar
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    Default Re: Help or Tips in Saving Up....

    I don't really know what to tell you to do. Mr. Zombs takes care of everything here.

    I am here to support you though. Maybe your husband could get some type of counseling for his gambling addiction? IdK?
    Good Luck!:hug:
    W I S H ♥ L I S T
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  5. #5
    Official Bagista gizmo's Avatar
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    Default Re: Help or Tips in Saving Up....

    My advice will sound simplistic, but it has worked for me since I was in college and because of it, I always had money even though I didn't make much. Pay yourself first. Pay yourself first, and then, after you do that, then pay the bills, entertainment, whatever. Do not go into debt unless absolutely necessary. And, if you haven't done it, set up a budget that reflects the money coming in and the money going out and write it all down so you can see it in black and white and make better spending choices.

    The other thing--and I promise I'm not judging you, just asking because there might be some opportunity for savings here--is that here and in another thread you mention your husband's problem with gambling, but if you are here it's because you like designer bags, which are very expensive. I've no clue how much of your budget goes into buying bags, yet whether it's a lot or a little, you have a chance to put that money into your savings, at least for now.
    [SIGPIC][/SIGPIC]

  6. #6
    I am now LVholicmum juicyholicmum's Avatar
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    Default Re: Help or Tips in Saving Up....

    He's been gambling like since he was 15.... and I don't want to put him in counselling cos that's going to extremes... I don't want him to feel like he's such a bad person... He's toned down though, he used to be much worse and I know no matter how hard it is for him he's trying...

    He knows that the gambling money can go towards something else... like necessities... he knows all of those, I've told him a million times, he understands and feels horrible but just can't stop.... He doesn't go to Casinos or whatever, he just loves betting on horses and sports so he can do it online... I know he keeps gambling cos he wants more money for us (and to pay off his credit card as well) but the thing is, we just sink down more...... He feels really bad that he's making us suffer because of his gambling, he's a good person and a good man, and I know he only wants the best for us....

    I'm telling you girls I tried everything to make him stop, but nothing happens, even his parents can't do anything about it and his mom always tells me that its up to me to change it, and sometimes I feel so pressured that I feel like I'm doing a bad job as a wife...even his brothers said that its part of who he is...

    sorry for the whinging.... I just don't know who to vent to..........

    Plus he gives me everything, like when we have more money, he just lets me get whatever... he's a great guy and he's the love of my life

  7. #7
    I am now LVholicmum juicyholicmum's Avatar
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    Default Re: Help or Tips in Saving Up....

    Quote Originally Posted by gizmo View Post
    My advice will sound simplistic, but it has worked for me since I was in college and because of it, I always had money even though I didn't make much. Pay yourself first. Pay yourself first, and then, after you do that, then pay the bills, entertainment, whatever. Do not go into debt unless absolutely necessary. And, if you haven't done it, set up a budget that reflects the money coming in and the money going out and write it all down so you can see it in black and white and make better spending choices.

    The other thing--and I promise I'm not judging you, just asking because there might be some opportunity for savings here--is that here and in another thread you mention your husband's problem with gambling, but if you are here it's because you like designer bags, which are very expensive. I've no clue how much of your budget goes into buying bags, yet whether it's a lot or a little, you have a chance to put that money into your savings, at least for now.
    Exactly my point gizmo, I love designer bags but I don't spend more than what i can afford kwim?>

  8. #8
    ♥'s RM Jess's Avatar
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    Default Re: Help or Tips in Saving Up....

    I don't think your DH is a bad guy!! Gambling doesn't make someone a bad person....but you should get him into counseling or something since no one can help him. If you sink down more because of his gambling, that's not a good thing. I would talk to him and try to get him help even though it may not "seem" like he needs it. :hug:

  9. #9
    Ilovebags violaceous's Avatar
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    Default Re: Help or Tips in Saving Up....

    Quote Originally Posted by juicyholicmum View Post
    and his mom always tells me that its up to me to change it, and sometimes I feel so pressured that I feel like I'm doing a bad job as a wife
    No,no, it's not up to you to change him!! You can't change someone else.
    I agree with Jess; it does sound like he might need to try doing something about it. But it would have to be his decision. It doesn't make him a bad person. Or you a bad wife.

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

    Thanks ladies that makes me feel a bit better... But yea with regards to the counselling... I'm still not giving up doing something about it as a couple....Maybe when all else fails, but I know him, he can change if he wants to... he's a strong person.

    I tried giving him an allowance, but when he loses he feels bad and wants to get it back, that's when the problem really starts... he keeps chasing...

    On the other hand, I buy bags and put them on layaway so I won't have to spend a big $$$$ all at once, and I get to keep some $$$ to buy clothes and stuff for my bubs...

  11. #11
    Moderator/Blogger VivaLaJuicy's Avatar
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    Default Re: Help or Tips in Saving Up....

    This is how I save up... Every paycheck/money given/money earned/etc. I take a certain amount away from my stash and I throw it inside one of my LV boxes and I never take $$$ out. I could have hundreds of $$$ inside one of my boxes, but if there's nothing in my wallet... I consider myself broke.

    It always works for me...

    Good luck saving up...

  12. #12
    RM Ticked Off!
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    Default Re: Help or Tips in Saving Up....

    juicy, i'm totally here for you too but i'm afraid i don't have too many words of wisdom at the moment -- my current strategy is kind of cutting it cold turkey because that's what i have to do for myself, and dig out of the debt that i'm in. you could just let him know that it (the gambling) is putting a real strain on the family's finances and that especially with baby #2 coming, money is going to be even tighter. maybe you can try scaring him by telling him there's no money. :)
    Wishlist: get out of debt

    so totally :banned2:


  13. #13
    I am now LVholicmum juicyholicmum's Avatar
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    Default Re: Help or Tips in Saving Up....

    Quote Originally Posted by VivaLaJuicy View Post
    This is how I save up... Every paycheck/money given/money earned/etc. I take a certain amount away from my stash and I throw it inside one of my LV boxes and I never take $$$ out. I could have hundreds of $$$ inside one of my boxes, but if there's nothing in my wallet... I consider myself broke.

    It always works for me...

    Good luck saving up...
    That's a good tip... Thanks Viva, I'll try that. I can't even start a bag fund cos I always end up broke!!! LOL

  14. #14
    Moderator and Blogger boysRsmelly's Avatar
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    Default Re: Help or Tips in Saving Up....

    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.

  15. #15
    I am now LVholicmum juicyholicmum's Avatar
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    Default Re: Help or Tips in Saving Up....

    Quote Originally Posted by this1chick View Post
    juicy, i'm totally here for you too but i'm afraid i don't have too many words of wisdom at the moment -- my current strategy is kind of cutting it cold turkey because that's what i have to do for myself, and dig out of the debt that i'm in. you could just let him know that it (the gambling) is putting a real strain on the family's finances and that especially with baby #2 coming, money is going to be even tighter. maybe you can try scaring him by telling him there's no money. :)
    I don't have to scare him though cos he knows there is NO money!!! LOL.... Yea he knows all of these things, that's why he's been down lately, I know he's starting to realize how bad it is....... He's always exceling in his job though, he just got promoted,but I told him no matter how much he advances if he doesn't stop gambling we'll be back where we started....

    It's ironic cos he works in the financial industry and we can't even save a penny!!!

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