I am in the process of working on a new budget to present to my boyfriend. He doesn’t budget, doesn’t really like the idea of one, but has agreed it needs to be done in order to reach his future goals. I think the idea to him, as it is to many people is:
budgeting = going without
budgeting = poor
We all know budgeting is not fun and can feel restrictive at times, but to reach future goals it is a necessity. He has never had to budget before, even though he is a spender he doesn’t have a debt problem. He simply had an idea of how much he liked to maintain in his account and kept it at that amount. The problem? Now he has me and is forming ideas of future plans he never entertained before. So budgeting is now an issue. I am working on putting one together for both of us as I think it will be easier to react to the budget rather than get him to sit down and create it.
The big difficulties are that we keep separate finances and still have two homes. It makes budgeting a bit more complicated, but still doable. My goal is to reverse the thinking to:
budgeting = saving
budgeting = getting what you want in the future
budgeting = wealth