What if your boyfriend is not good at handling money? He doesn’t gamble, but He is an Impulsive buyer. He is always short of money even if we make the same pay. We are planning to move in together soon in the same house, but one thing that worries me is that we might have this problem financially, and this sort of a red flag and stopping me not to be with him. He borrowed money from me before, and he still not paying me all the money back. Any recommendations as a couple in financial handling? Make a joint account? Or just dump him?
If he’s bad with HIS money DON’T make a joint account… because what’s your’s is his too. Give him a due date that all his half of bills have to be due to you by.
Oh boy, if you cannot communicate and come up with a plan together even before you move in together your relationship is doomed. Talk to eachother, make a plan and stick to it. Even if it means that you have to handle the money and give him an allowance, at least that is a plan.
Dont do a join account because he will end up spending your money too. Best thing I suggest is doing a budget. Where each of you set money aside for bills each week or whenever you both get paid. But hide the envelopes from him so he cant find them.
Dave Ramsey says money is one of the most important topics couples should discuss before getting married! Along with religion, parenting expectations, and family.
If you can’t agree now, then I’d say it’s a deal breaker. Money will forever have a place in your relationship, but especially when buying a home and starting a family.
It doesnt get better, trust me. Im not the best with money either but I try to make sure bills are paid before i spend money on things.
My fiancé was the same way. I control the finances now. I give him an “allowance.” However, I never keep money from him. He is the breadwinner. I just take almost his whole paycheck and put it into a savings account. I pay everything that needs to be paid and if he ever needs cash I’ll give it to him because it is his hard earned money. However, I noticed the less money he can see in his account the less he will spend because he forgets how much we actually have. His checking account is our joint account and I have a savings account only I can access
Don’t make a joint account you’ll never have money in there. I would put money in a lock box and not tell him where it is… might save you some money there.
Don’t make a joint account if he’s bad with money… then you’ll be out of money too when he is…
Maybe you should be in charge of both of your money. I’ve always been in charge of the money. he gets paid. I get it all. It works for us haha
Do not make a joint account.
Dump him? Doll if you have to say that then perhaps you may need to rethink whether you want to be in your relationship
My hubby is an impulse shopper aswell, I control the finances. We have a joint account and within that account we have an extra account for “bills” whatever is needed to cover the bills for the month gets put into that account and he doesn’t touch it as he knows we would be short payments for something then. It’s communication and coming to an agreement to make things work and ends meet.
Don’t do it. You’ll be broke. Been there enough.
I’d say no joint account for now. And to set up a budget and let him know how much money he needs to give you to pay bills with. I don’t think it’s worth dumping him for unless you aren’t happy with him but to leave just for one issue like money is a bit over kill
I made a spreadsheet for my fiance of how much money a paycheck goes where and why. It works really well! Hes gotten much better!!
Oh boy, there is so much more that needs to be taken into consideration.
How long have you been together?
What things is he splurging on?
Does he have any personal bills as of now that he’s responsible for?
How serious is the relationship?
Run … like crazy . He won’t change . Trust me . I know of what I speak !
I handle all of the money his check goes into my account and i pay the bills get what the kids need then tell him what there is to spend
I say abort mission big red flags!! When in doubt throw the whole dude out fr