How to get your Partner on board with a budget

Getting your partner on board with your budget or financial goals may seem impossible or unimportant but in reality the opposite is true.  I was the partner that wasn’t on board.  I regularly spent until I had nothing left.  How to get your partner on board with a budget or financial plan is actually a lot easier then you probably think.  I should know – I am now the driver of our budget.

How to persuade your partner to get on board with a financial plan and budget
How to persuade your partner that you need a budget
Identify why your partner is against a budget.

They may not think they will be able to do anything fun.  Or perhaps it’s they don’t want to be told what they should do with their money.  By knowing why your partner is hesitant to have a budget is the easiest way to break down the barrier and get them on board with having a budget.  Have the conversation and make them involved in building the budget so they can have their say!  You may also want to use treats.  After paying off the 3 credit cards, if you save up you can buy whatever car you want.  That in itself is a massive goal, but if that means they get a reward that might be all they need.  The rewards system  doesn’t need to be that big to work, a mini break paid in cash or an extra $50 spending money once the first 3 things are paid off etc.  All works wonder once you get the ball rolling, if your partner is like me then they will be so happy paying off their debt that they no longer want the ‘extras.’

Be prepared.

Have your statistics.  Using a graph projecting your current debt pay off date and how much sooner you could pay it off by adding extra money to your repayments.  You could use a site like like here. To make it easy and quick to show the benefits of paying off your loans or mortgage sooner.  Or how much a house repayment could be if you are saving for a house.  If you also come prepared with how much you could save if you no longer had a credit card/ car/furniture repayment.  Often those figures are impressive enough to put something else that truly matters – a family holiday, wedding etc.

I was personally shown a graph that my now husband had prepared of our debts (mainly my debt before we met).  That graph set me in motion to get another job and pay off A LOT of my debt within the following year.  You can read about that here.

Set Goals.

By setting your goals together you know exactly what you are working towards and what you want to achieve.  If it is something you both want – then it will keep you inspired and on track.  If one of you stray the other can put you back on track.  But only if its something you both want to achieve.

Review.

Set a review date – say 8 or 12 weeks.  If the budget isn’t working its an opportunity to adjust and make changes – not a time to give up.  The aim is that it is working.  This is enough time for you to show your partner how far you have come and the benefits of staying on track with your budget and plan.

Good luck! I hope that this works for you and inspired your partner to start looking after your financial future.  Please let me know how you go with getting your partner on board with a budget!

love budget mum

No Spend September

Why should you have a NO spend September?  Why not?  What do you have to lose?  Having a no spend month is a great way to introduce your family into frugal living and making do with what you already own.  September is also a great time to set up your family for summer time expenses which seem never ending – swimming lessons, Christmas, Vacation Care, holidays, school fees, new uniforms, I could go on and on.

NO Spend September
why September is the perfect time to have a No Spend budget Month

Why should you do this now?  Having a no spend month at anytime is awesome (you can read more here), but in September is a great time to start savings for Christmas, Summer and the New Year.

Christmas is expensive and part of becoming frugal is being prepared for future expenses and NOT making more debt for yourself.  Christmas expenses such as presents, parties, bring a plate, lunch and dinner really add up.  But even without children the expenses can spiral out of control and for most Australians the Credit Card gets a work out.  But by have a no-spend September you can save the money and put it towards Christmas so you can start preparing and buying items now.

Maybe you don’t celebrate Christmas, No Spend September is still for you. After Christmas the expenses don’t stop and that is why so many families debt escalates – the beginning of a school year is always an expensive time of year of families.  Books, uniforms and excursions all add up  – so wouldn’t it be nice if you already had the money saved from No Spend September?

School holidays is also another great reason why September is a great time to have a no spend month.  The Christmas school holidays in Australia are at least 6 weeks long depending on your school.  Extra money is always handy for activities either at home or outside (check out some cheap ideas here), or vacation care fees, presents for the ever obliging grandparents that help out etc! A no spend month, ensures a great summer holiday for everyone!

Not sure where to start but want to join in the front of No Spend September?  All you need to do is not spend any money – it’s that easy!  You can set the rules – I always buy essential groceries and medical.  But try to keep other spending to a minimum eg – no clothes or house decor and no takeaway! It’s a flexible as you want it to be – but if you fall off the wagon, please don’t give up.  Dust yourself off and jump back on!  We are only human – to join in the fun follow me on instagram.  If you have any other great reasons why September is the perfect reason for No Spend September please leave them below!

Budget Mum Blog

Budget series 1 – developing your budget

I believe having a budget is a great thing! You know that you have the money to pay your bills, no stress & no hassle!  That is if you have a budget that is working for you and your family.  This is a guide or helping hand on how I set up our budget and how to make it work for you and your families needs! No matter where you are in your financial journey a budget can help.

budget series - step 1 developing your prefect budget
Developing your perfect budget
  1. Set you financial goals.  By the end of this year… In 5 years time… When I retire… make them clear and start a plan to make them happen!  Your first goal should be getting out of debt – that should be everyones first goal. Make your goal known and put them in a place you will see them.  If that means it is a mood board of the house you want to buy in your study great, or it may be a picture as you phone screen saver.  Make it visible for you so you aren’t tempted to stray.
  2. Make a list of every single expense. Everything that you spend money on, insurance, gym memberships, everything.  Have a look at this list and alter it to your exact needs. 
  3. In three different colour high lighters highlight your essentials, items that could be lowered and non-essentials in another colour. You need to be ruthless.  Needs and wants are very different things and if you are starting from scratch you need to know the difference for the benefit of having a budget that works.
  4. Having a budget that works is based on having more money at the end of the month than month left after the money.  So you need to start putting together what your essentials are what you can live without.
  5. Start adding up or dividing your expenses into weekly/monthly amounts depending on your pay cycle.  That way you can look at how much you need to save for each expense per pay cycle – so nothing sneaks up on you. Eg if your car insurance is $1500 a year you need to put away $30 per week or $125 per month depending on your pay cycle.
  6. Start putting your budget together.  Start with the essentials.  With your left overs start with items that you could lower.  A good budget is realistic to ensure you stay on track.  Sometimes you may need to be very strict to get on top on things – be honest with yourself and you partner if this is the case. Short term pain is long term gain.
  7. Include some amount of savings.  Even if it is $5 or $10.  This is to form your emergency fund.  An emergency fund is what helps you get yourself out of trouble in the case of an emergency!  Your car breaks down, you have a broken water pipe… life happens! But having an emergency fund stops you from borrowing money or putting it on a credit card. You need to stop building anymore debt! Once you have a full emergency fund (say $2000) you can swap this money to a savings account to start a proper savings account.
  8. Tweaking, your essentials and non-essentials all need to be added in.  Making sure that you have money at the end of the week/month to save.  budgeting can be tricky but it can be liberating knowing that you have enough to pay your bills from month to month is a great feeling.
  9. Cutting back these articles may help you start saving money on the items that need to be cut back on

saving money on groceries before you get to the store

1 trick to save $900 on groceries

saving on hair and beauty

save $1000 in one afternoon

8 ways to save on groceries

Hopefully these tips to starting your budget are helpful.  Start your budget as soon as you can, the sooner the better to reach your goal.  If you need to physically restrain your self from spending money, cut up your credit card or freeze them in a block of water (you will need to defrost it to spend – stopping any impulse buys).  But make sure your goal is visible and achievable so you can keep setting your own personal goals higher and higher.  The first step can be the hardest but remember that having a budget (and sticking to it) is a great feeling knowing that you can pay your bills!  Good Luck!

Budget Mum Blog

How to save on groceries -before you get to the store

Cutting down the cost of your grocery bill does not always just in the supermarket – here are some tips to cut the cost of your grocery bill before you even step into the supermarket!  Implementing a couple of tricks here and there will save you big money at the checkout.  Think about things that your mother and grandmother use to do to stretch meals that little further.

saving money on groceries before even getting to the supermarket
save money on groceries before even getting to the store

saving on groceries

  1. Meat Free Monday, it’s not hard to make a filling vegetarian meal once a week.  But the simple sway could see your grocery bill drop by $10 by making it meat-free.  Consider making this a regular thing and enjoy the savings! Meat free pasta is always a hit – like this spinach cannelloni.
  2. Smaller meat portions, by buying in bulk and dividing up your meat into smaller pieces yourself saves you by getting more portions from the same amounts.  Consider buying mince and instead of 500g portions make it 400g portions it stretches it out further and only a small difference to each persons portion.
  3. Cheaper meat cuts.  Embrace the slow cooker and use cheaper cuts of meats to make delicious meals that cost less.
  4. Embracing pasta and rice to stretch meals.  Growing up every meal was served with either pasta or rice – I thought it was normal.  But it was just my mums way of stretching meals for the six of us.  It doesn’t need to be a large serving but a large spoonful of pasta or rice to fill up the troops is a great way of stretching out a meal.
  5. Embracing vegetables – another thing that I thought was normal growing up but it was just one of my mums tricks was grated vegetables.  Grated vegetables in EVERYTHING, grated carrots and zucchini are great because they are cheap.  My favourite vegetable is choko.  A choko doesn’t have much flavour and takes on the flavour of other items in the dish and best of all it’s is whitish/clear colour so not easily detectable!
  6. Growing your own vegetables and fruits.  So many things can now be grown in pots it is easy to have a small vegetable garden anywhere.  Even in an apartment you can grow herbs easily – a great way to save money.
  7. Making your own cleaning products is better for your budget and better for the enviroment.  A couple of ingedients and an afternoon and you will have anough cleaning product for 6 months.  Check out my pinterest board for more ideas
  8. Meal Planning & Shopping your pantry a great tip to stay organised and use all ingredients you already have without over shopping Check this out to help out the pantry
  9. Fishing.  In days gone by fishing was a very popular way of supplementing your grocery bill.  It shouldn’t be discounted as a cost effective way even now.

Good Luck saving money before you even go to the shops! If you have any tips or hints you use before you even get to the supermarket please leave it in the comments below!

Budget Mum Blog