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.
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.’
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.
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.
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!