Reply to Getting Spouse on Board to Save More Money

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[quote=Anonymous][quote=Anonymous]How much do YOU spend on those things?

Is this essential, or is this one of those things that will save six months in becoming debt-free (but it'll seem like 2 years).[/quote]

I don't go to starbucks, and I eat lunch out once a week.  I take cash out each time I get paid for discretionary items (like starbucks, vending machine, eating out, the small stuff) and when it's gone, it's gone.  If there is money left, I put it in a piggy bank, and then I deposit it back into the bank when it builds up into a sizeable amount, and then immediately make an extra credit card payment, even if it is $25.

Is it essential?  No, we can pay our bills, but we have a mountain of cc debt.  We finally got to a point where we are paying it down, and not using the credit cards at all (two months without a single charge, which is a milestone for us), and every bit we save is more that can go to our credit cards/emergency fund.  But carrying the debt is very stressful for me (and him), and the sooner we pay it down, the better.  I just don't know how to get him on board without treating him like a child.

I like the idea of sitting down with him and showing what we are spending.  I ran a report and told him, but I didn't show him.  The challenge is that our incomes are pretty good and he feels like he should be able to treat himself to starbucks.  I think if we could get in this mindset for even six months to pay a huge chunk of our debt down, then I'd be a little bit more flexible.  But my goal is to get all of the debt gone in three years, and it won't happen unless we buckle down.  [/quote]

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