New to us: Monthly Financial meetings
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  1. #1

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    Default New to us: Monthly Financial meetings

    I hope it will help my Hubby to be even more frugal!
    Since I do all the accounting etc...he needs to be informed of what is happening
    I talk to him daily, but I think better is a monthly meeting, maybe 1 hour long.
    Still not sure if 1 time a month is enough, maybe 2?

    Any advice is appreciated.
    My hubby spends alot of fun money every month, and he also wants to buy a boat with some of our tax return too!

  2. #2
    Registered User Nada.Leona's Avatar
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    How about meetings every second week? And what about discussing giving him an allowance for his fun money and putting some extra aside for the boat instead of him doing all his fun stuff as he pleases? Just don't get too "naggy" at him or he'll get frustrated and quit listening .

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    Registered User ama's Avatar
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    What a great idea -- dh and I haven't been doing as well as I would like and I think its easier for him to spend without seeing the bottom line -- the bottom of the checking account!!

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    Registered User tigo's Avatar
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    SO and I do this when we get paid. The kids are in on the monthly review.

  6. #5

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    Thanks for the advice!
    DH does get whiney and bummed out when I get naggy, like he wanted to go snowboarding 3 days next week.
    So I told him yes before the tenant situation got iffy: IE; rental income.
    Last night I told him No!~
    He understands but throws a little 15 second fit.
    Bottom line is he really did not want to go with the people he signed up to go with anyways.
    So, now he wants to rent a boat this Sunday and go fishing with a friend.

    This will cost less as we live near the ocean.
    I am planning topics for the meeting I will hold.
    I think 1 hour will be enough time.

  7. #6

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    My dh and I have money meetings quite often. We are very open about our finances, but that wasn't always the case. I was incharge of paying everything and he would wonder where all the money went....so on bill paying day he would have to sit down with me and see where the money was going. It really helped us alot. Most people end up divorced if they don't talk about the money issue and agree on what is best for the household. Sounds like you are on the right track...blessings to you and yours...Kathy

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    Registered User sunshine's Avatar
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    We do ours like a business. . . monthly budget meetings with quarterly and yearly reviews.

    In case of unexpected expenses-- we have "emergency" budget meetings, to decide where to cut, in order to accomodate the unexpected.

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    I think this is a very good idea, good luck with it!

  10. #9
    Registered User Marie78's Avatar
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    I think this is a great idea too, my fiance and I have just started trying to work as a team with our money and I can't wait to sit down this month and discuss our finances, I always feel more connected after we figure out a monthly money plan together.

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    This never really took off. Hubby is either working 6 days a week or fishing...I just update him 2 times a week as need be.

    He hates financial stuff anyways. Next week I am giving him $75.00 for the week to spend on lunches and gas. I also am cancelling our Credit card alerts and his disability insurance.
    We will be upping our contributions in our 457 accounts so, the money will go somewhere.

  12. #11
    Registered User favesis37's Avatar
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    i pay all the bills, dh does not care as long as everything gets paid. but recently he has started coming to me and saying" what are we paying this week" i love it , that way he is in on every choice. good idea

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    Registered User tigo's Avatar
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    Everyone's eyes glaze over when I talk money, but I tell SO he is the President of the Board/CEO, the kids are board (bored) members and I am the CFO. The stuff must be sinking in because DS said he and his gf were talking finances as they are planning out the future. He is so motivated he is getting a job (woooohoooo!).

  14. #13

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    I talk to my husband on the 10th and 25th of every month. These are his paydays, so hes already thinking about money any way. He knows what bills are being paid, what our balances are, ect.. He also gets his honey do list on those days. Anything i need him to do is printed out twice. One for him and one for the fridge. When i first started the meetings he was very annoyed and through fits, didnt care as long as the bills got paid, that was 2 years ago. Ive explained to him that taking care of the household is my job, and i need to update him on my progress. Since we started looking at buying a house and all that stuff hes gotten much more into the meetings.

    I need to feel like we see eye to eye. So we have set meetings and he knows when they are. I run my house like a business, for me it works out better.

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