- Jan 6, 2004
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Suggested reading for a future wife of a man who can't handle his finances?
- Thread starter Angeldove97
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JourneyToPeace
His law is love and His gospel is peace
Hey, there 
Yup, I'd start with this lady: Gail Vaz-Oxlade. She's got a popular show that helps people balance budgets using a "money jar" system to scale back their expenses, and budget consistently... and she's got several pretty neat books. I've read a few of them. Her site's worth checking out, and this page in particular gives you some good resources and starting points:
Gail Vaz-Oxlade|Debt-Free Forever|Resources|Budget|Worksheet
She has some pretty decent ideas. Not all of them apply to everyone, of course, so as with all things... take it with an open mind and a grain of salt.
Yup, I'd start with this lady: Gail Vaz-Oxlade. She's got a popular show that helps people balance budgets using a "money jar" system to scale back their expenses, and budget consistently... and she's got several pretty neat books. I've read a few of them. Her site's worth checking out, and this page in particular gives you some good resources and starting points:
Gail Vaz-Oxlade|Debt-Free Forever|Resources|Budget|Worksheet
She has some pretty decent ideas. Not all of them apply to everyone, of course, so as with all things... take it with an open mind and a grain of salt.
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Lots of people like Dave Ramsey's Total Money Makeover.
Real Debt Help - Get out of debt with Dave Ramsey's Total Money Makeover Plan - daveramsey.com
Although he isn't Catholic, a local Catholic Church is holding his Financial Peace University, and lots of other churches are.
One couple I know, who suffered job loss and a replacement job that wasn't nearly as well-paying as the previous one, did so well at Financial Peace University that they became teachers of the program.
It would certainly be wonderful to start a marriage with all that money management under your belts.
My hubby has always been something of a spendthrift, but he has always made an excellent living (even though he has suffered minor setbacks during his career, too.) His income allowed him to overspend, and since he has always been the main provider (by the time I went back to work full time, he had so many more years of experience than I did that his income was almost five times higher than mine) I didn't think it was my place to complain.
I don't think we really did it right, because if he hadn't have had such a good income we would have had lots of problems, and during his periods of unemployment I was a nervous wreck.
Real Debt Help - Get out of debt with Dave Ramsey's Total Money Makeover Plan - daveramsey.com
Although he isn't Catholic, a local Catholic Church is holding his Financial Peace University, and lots of other churches are.
One couple I know, who suffered job loss and a replacement job that wasn't nearly as well-paying as the previous one, did so well at Financial Peace University that they became teachers of the program.
It would certainly be wonderful to start a marriage with all that money management under your belts.
My hubby has always been something of a spendthrift, but he has always made an excellent living (even though he has suffered minor setbacks during his career, too.) His income allowed him to overspend, and since he has always been the main provider (by the time I went back to work full time, he had so many more years of experience than I did that his income was almost five times higher than mine) I didn't think it was my place to complain.
I don't think we really did it right, because if he hadn't have had such a good income we would have had lots of problems, and during his periods of unemployment I was a nervous wreck.
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twins15
Newbie
Two good ones I have heard of...
Your Money or Your Life by Joe Dominguez (I have not read this one but I have heard nothing but great things... really helps to see how the priorities that you set with money can affect your happiness and life)
The Automatic Millionaire by David Bach (I have read this one and like it... it helps to see how to make money, saving it and spending it wisely, more easy by automating things)
I think these two would be very beneficial
Your Money or Your Life by Joe Dominguez (I have not read this one but I have heard nothing but great things... really helps to see how the priorities that you set with money can affect your happiness and life)
The Automatic Millionaire by David Bach (I have read this one and like it... it helps to see how to make money, saving it and spending it wisely, more easy by automating things)
I think these two would be very beneficial
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helenofbritain
St Mary MacKillop of the Cross, pray for us
Tati - no books to recommend, but I'll share my system with you.
Work out all your regular bills. Ours include rent, water, electricity, gas, phone, internet, car registration, school frees. Add up what they will be for one year (obviously adjust between annual, quarterly and monthly bills!) Assuming you get paid fortnightly, divide the total amount by 26, and put that much money in your bills account every fortnight. This way, whenever you get a bill you can just pay it with no fretting.
(if your assumptions on bills are incorrect, it's easy to tweak and change the amount if you use a spreadsheet.)
Have another account for unexpected expenses. This could be the birthday present or the new dress for a wedding or the windscreen is cracked or the school excursion or whatever. Put a nominated amount in to this account each fortnight - and don't fret if you spend it. That's why it's there.
Get a savings account. Preferably one that pays interest monthly if you make at least one deposit and no withdrawals. Decide the minimum amount you want to save each fortnight, and put it in there.
In your everyday account, work out budgets for food, clothes, petrol and personal expenses (buying lunch, magazine subscription, etc) and stick to them!
If you have any money left at the end of the fortnight, either leave it in your everyday account for when extra things pop up, or shift it to savings, to help them grow faster.
As long as you make (at least) the bills and the savings deposits before you spend your other money, you'll know you can always manage you commitments. TALK about what a fair weekly allowance is for each of you. Be realistic.
Also, if he is aware he can't handle money well, gently take the job away from him. I sort out all our money things (thankyou, internet banking!) and Ben is happy, because he doesn't have to worry, and I am happy, because I know where our money is.
Best of luck!
Work out all your regular bills. Ours include rent, water, electricity, gas, phone, internet, car registration, school frees. Add up what they will be for one year (obviously adjust between annual, quarterly and monthly bills!) Assuming you get paid fortnightly, divide the total amount by 26, and put that much money in your bills account every fortnight. This way, whenever you get a bill you can just pay it with no fretting.
(if your assumptions on bills are incorrect, it's easy to tweak and change the amount if you use a spreadsheet.)
Have another account for unexpected expenses. This could be the birthday present or the new dress for a wedding or the windscreen is cracked or the school excursion or whatever. Put a nominated amount in to this account each fortnight - and don't fret if you spend it. That's why it's there.
Get a savings account. Preferably one that pays interest monthly if you make at least one deposit and no withdrawals. Decide the minimum amount you want to save each fortnight, and put it in there.
In your everyday account, work out budgets for food, clothes, petrol and personal expenses (buying lunch, magazine subscription, etc) and stick to them!
If you have any money left at the end of the fortnight, either leave it in your everyday account for when extra things pop up, or shift it to savings, to help them grow faster.
As long as you make (at least) the bills and the savings deposits before you spend your other money, you'll know you can always manage you commitments. TALK about what a fair weekly allowance is for each of you. Be realistic.
Also, if he is aware he can't handle money well, gently take the job away from him. I sort out all our money things (thankyou, internet banking!) and Ben is happy, because he doesn't have to worry, and I am happy, because I know where our money is.
Best of luck!
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