Journey to £0 by 2020, with a few bumps along the way

enthusiasticsaver

chelseablue wrote: »

Well its not going well so far. He got paid 2 weeks ago and he has blown all his money already, obviously with 2 weeks still to go until payday.

He said to me last night "you'll have to transfer me more funds"

I said "I don't have any funds"

He smokes and drinks, why should I spend my personal money on his fags and booze?

So stressed out!

Just seen this and hope you stuck to your guns and the following month hopefully he will learn to budget better. Smoking is akin to setting light to £10 notes. Tell him to get himself down the doctors to help him kick his addiction. Same with booze.

chelseablue

enthusiasticsaver wrote: »

Just seen this and hope you stuck to your guns and the following month hopefully he will learn to budget better. Smoking is akin to setting light to £10 notes. Tell him to get himself down the doctors to help him kick his addiction. Same with booze.

He only lasted 2 months before we went back to the old way of all the money going into one pot. Knew that would happen!

I refuse to waste hundreds a month on cigarettes so he smokes roll ups, which is about £60 a month

I'm always saying to him he should quit

He's cut his drinking down to just at the weekend, which I don't mind. So he is making some sort of progress.
It's taken 7 years just to get him this far :rotfl:

enthusiasticsaver

chelseablue wrote: »

He only lasted 2 months before we went back to the old way of all the money going into one pot. Knew that would happen!

Sometimes it is a matter of standing firm and getting him to see the unfairness of him spending a large amount of joint money on personal expenses which quite rightly you do not agree on. I would not either. I cannot remember if you both earn the same but if he really cannot be disciplined about his spending habits I would be inclined to look after your finances alone and maybe a joint household expenses account. That does depend on either you earning the same though or you being the higher earner.

You both put a set percentage into the joint household account and maybe a joint savings account. The rest of your incomes is for you to spend or save as you wish. So you can save or spend your spare income towards whatever and he can spend his on alcohol and cigarettes. Eventually when he has run out and has no spare pot to draw on he will have to learn. If you keep bailing him out he won't.

chelseablue

enthusiasticsaver wrote: »

Sometimes it is a matter of standing firm and getting him to see the unfairness of him spending a large amount of joint money on personal expenses which quite rightly you do not agree on. I would not either. I cannot remember if you both earn the same but if he really cannot be disciplined about his spending habits I would be inclined to look after your finances alone and maybe a joint household expenses account. That does depend on either you earning the same though or you being the higher earner.

You both put a set percentage into the joint household account and maybe a joint savings account. The rest of your incomes is for you to spend or save as you wish. So you can save or spend your spare income towards whatever and he can spend his on alcohol and cigarettes. Eventually when he has run out and has no spare pot to draw on he will have to learn. If you keep bailing him out he won't.

I take home £130 a month more than him, so not a huge amount more

From this month I've started paying money off the credit card and moving money to the savings account as soon as we're paid.

Leaving enough in the bank to cover all DD's food and petrol

Before I used to wait until the day before payday and use what ever was left in the bank to pay off the card.

Hence I've paid £800 off the card and put £500 into savings this month :T

Another benefit to this way is that when husband asks for money I can show him the account and say "we've only got enough left for food and petrol"

Sometimes things have to be on a need to know basis

chelseablue

Had a message from the decorator today saying he can now start the job on 13th June (he originally said July)

I have the money saved up, but means I need to spend it earlier :rotfl:

I could say no and keep it to July but might as well just get it done

chelseablue

Haven't posted here in far too long!

A few things have happened in the last couple of months;

Decorator has been and gone and all the bedrooms look lovely now, well worth paying a professional!

I've asked him to send a quote for the hallway and landing :rotfl:

Me and husband are currently separated after only being married 13 months! He's currently living back with his Mum
But on the plus side I've never spent so little money in years, Im half expecting a call from the bank asking if I'm ok!

Debt:
Barclaycard: £2,200
Virgin: £9,314

Savings
S&S ISA: £7,280
Easy Access: £1,500

Going over to Morrisons at lunch as I need milk and bread, planned spend £2 and that's it for today

Jox

Good luck with everything chelseablue, you'll have finances in a better shape in no time and it's great that you've had the place decorated!

Sorry about situation with husband but hope it will all work out as well as it can.

enthusiasticsaver

Nice to hear from you but sorry about the separation. From your earlier posts though there seem to be problems between you and your husband and attitudes to money. I know that is not the most important thing in a marriage but it will lead to friction which is never good.

When do the deals on the cards finish?

You had paid off the Barclaycard? Did you have to put the decorating on it?

chelseablue

enthusiasticsaver wrote: »

Nice to hear from you but sorry about the separation. From your earlier posts though there seem to be problems between you and your husband and attitudes to money. I know that is not the most important thing in a marriage but it will lead to friction which is never good.

When do the deals on the cards finish?

You had paid off the Barclaycard? Did you have to put the decorating on it?

I used savings to pay for the decorator but then had to use the card for the paint, car insurance (v expensive!), car tax and school uniform.

Should clear it within 2 months

enthusiasticsaver

chelseablue wrote: »

I used savings to pay for the decorator but then had to use the card for the paint, car insurance (v expensive!), car tax and school uniform.

Should clear it within 2 months

Sounds like you have it under control. Is it 0%?

Why was your car insurance so expensive? Presumably you are not paying for your DHs insurance?