Wednesday, April 8, 2009
My husband and I just found out we’re getting back a $7,000 tax return. I think we should spend most of it paying off our credit card debt, but he has visions of a flat screen TV, some other electronic gadgets and a trip to Las Vegas. I hate to see all that money wasted when it could clear up the majority of our debt and put us down a positive road to financial stability. How do I make him see things my way?
-Mrs. Married to a Big Spender
Dear Mrs. Married to a Big Spender:
Kudos to you for being financially responsible and trying to wipeout most of your debt – especially in these tough economic times – but it sounds like you and your husband are on two totally different pages when it comes to money. Unfortunately you can’t make him see things your way, but you can share with him what you would like to do and why.
Don’t preach to him, talk down to him or make him feel foolish — even if he is. It will only make him defensive. Put together a brief plan of what you would like to do with the money and how it will benefit both of you now and in the future. You might want to include in the plan that flat screen TV or one of the things he wants so that he gets an immediate reward (in addition to knocking out his debt) then he may be more inclined to work with you.
I also suggest having additional conversations to set up a financial plan complete with short and long term goals. Understand that some compromising will be necessary to reach financially harmony in your house, but you will be much happier when you both are reading from the same page.
Winks & Smiles,
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The advice on this site is intended to be helpful, but is not meant to take the place of marital counseling, legal advice, financial advice or any other professional service. If you feel you need professional help, it is encouraged for you to get some.