How do I teach my husband to manage money?

Consider this:

Make a list separately of what you both want, enjoy, need - pay no attention to order or anything esle. Then get together and compare, here you can eliminate or even add to a single list you agree on. Then place them in order of importance, please no arguing - if it is important to you (or him) then it is - no matter what you (or he) thinks. Now we have a list, next place a time next to them. House - 3 years, vacation - 1 year etc. Then put dollar amounts next to them - house deposit needed $10,000 divide that by 36 (3 years x 12) you now have a monthly value. Once you have done this you will see that you have monthly values for the things you are trying to do. Then add up everything and get a monthly total. You'll either have enough to do it all or not enough to do it all. Then sit down again and work out what you can eliminate or reduce - 'stuff' once every two months is cheaper than 'stuff' every week. House deposit in 4 years instead of three etc - Once you can see what you can achieve, and you are both on board, then it is easy to do. This may take a few talks, so get coffee and cookies and sit in a nice and comfortable room.

At some point you may want to show him what you do to pay the bills etc. Alternatively you can have a lot of the bills paid automatically (I do not like this) where you give the utility company your credit card (or checking account)# and they deduct it automatically, every month. Pay everything with a credit card and have the bank deduct the payment from your checking account every month. All bills then get paid automatically - you just need to then monitor that there is enough money in your account, AND that the statements you get are accurate.

Good Luck!

It sounds like he was never taught as a child how to manage money. Now that he is an adult it may be hopeless to try! If it were my husband, I wouldn't allow him access to the money! No matter what kind of equipment he needs, you have to pay your bills first. If he gets mad, oh well...thats life sometimes!

I give my wife all my money. I have never been able to keep track of it. It works because we now have money in the bank. a nice property and we are well fed.

a good partnership balances the strengths and weaknesses of each partner.

my wife does the money, the budgeting, I feed the kids cause I am a better cook. it all balances out.

I bet he does better on an allowance, I do.

Sit down and make out a budget. List the monthly expenses you have. Rent/payment, utilities, car payment, gasoline, groceries, clothing/personal items, etc. Add those numbers and total it up.

Show him the amount that's left over. Maybe that will kick him into gear. Good luck with that.

If he's in the millitary, don't u manage his money? I'm assuming he might be away? I think maybe u should just give up for a bit. I mean, don't give him any money. When he can't afford things, then he'll learn. Temporarily, get ur own account, and let him bankrupt himself, I think he'll learn. Or atlest lets hope so.

you could no longer. you have already completed all you're able to do in this issue, that is taking on lots of the funds. in case you like a husband who's in charge with money, you may desire to discover a guy who's in charge with money and marry him.

SNEAK SOME MONEY INTO A SAVINGS ACCOUNT OR SIMPLY ANOTHER CHECKING ACCOUNT. ONE HE CAN'T GET AT. KEEP ON ADDING SOME TO IT AND LET A PAYMENT SLIP IN SOMETHING YOU OWE AND SEE IF THAT WAKES HIM UP. DON'T SCREW UP YOUR CREDIT RATING THOUGH. WHEN YOU FINALLY HAVE A SAVINGS ACCOUNT BUILT UP AND HE SHOWS SOME RESTRAINT IN SPENDING, SHOW HIM THE ACCOUNT AND HOW MONEY CAN BE SAVED. IF ALL THIS SEEMS TO BE VERY DRASTIC BECAUSE HE CAN'T HANDLE IT, YOU ARE GOING TO HAVE ONE LONG HARD LIFE.

ok at first point you have to sit with him put both of ur salaries in order to know what has to be paid

second thing force him to go shoping with u ..... if he doesnt forget some things while buyen ur shopin list. ;) believe me it always work

3 or 4 times hell have to go by him self to buy things

third tell him to have an other job as ur job now is runing low & ur salary isnt enough

i guess thats all good luck

Make him take control and handle the finances for one month.

simple. keep all the money and handle it yourself. when the check comes you give him allowance just like a kid since he can't be responsible.. :)