When using cash....

iVillage Member
Registered: 10-17-2012
When using cash....
11
Wed, 10-17-2012 - 9:17pm

Does anyone use only cash?  I have tried this, but not with the best results. My husband constantly loses receipts and really is not as on board with saving as me.  So, he uses cash for things other than those for the house and I get upset. What is the best way to handle a spouse who thinks saving should only be for the money you have left after you buy everything you want.?

Shell

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iVillage Member
Registered: 09-29-2012
Thu, 10-18-2012 - 6:35am

I definitely cannot answer the last part of your question. I think that just takes time and patience and a constant conversation about what you can afford as a family and what your goals are for the future. I did go through similar things with my husband; but when he realized he would NEVER retire if we weren't putting money aside, he relented. Now that is automatic and has been working really well for close to ten years. I need to do the same thing with savings. What he doesn't see, he isn't tempted by.

I watched the movie Maxed Out again last night. I hadn't watched it in a few years. Definitely thinking about moving more towards cash simply because I am sick of the banking system making money off of folks like us left and right; but, my concern is one that you might have. It's so much easier for me to track our spending by using the debit card and checks, although I think we spend more than we would if it were cash. Cash is harder to part with.

If I do start this, I may start with groceries. I can already track how much we are spending on groceries through mint.com and I can take that amount (or a little less) and keep it in an envelope just for that purpose. When the cash is gone, we eat from the pantry, just like in the "old days" before they accepted credit cards everywhere we turned.

Good luck!

Didi

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